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As the business sector in Israel continues to boom, an increasing number of Israeli
companies are looking to New York City to take advantage of the financial and market
opportunities that the city has to offer. Israeli companies have experienced such
growth that the true sign of success is no longer being acquired by an American
company, but successfully competing head-to-head against them – and to do that, it
is important to establish a presence in New York City.
There are many reasons for Israeli companies to come to New York.
First, easy access to the 320 million consumers in the U.S. market is essential for Israeli
companies with global ambitions, and New York is the most convenient location for a
U.S. affiliate that can serve as a gateway to this market. Access to the U.S. market
is particularly important for Israeli entrepreneurs who are focused on building their
companies into global leaders rather than seeking an early exit, and the early returns
on this “build to hold” strategy are promising: the Harvard Business Review recently
analyzed 112 Israeli companies established between 1996 and 2013 and found that
many have become global market leaders.
Second, New York’s status as a world financial center gives Israeli companies with a
presence in the city unparalleled access to capital sources large and small – everything
from angel investors and venture capital funds to NASDAQ and NYSE IPOs. According
to the 2015 Compass Global Startup Ecosystem Ranking, New York City provides
one of the strongest ecosystems for start-ups and has the second largest amount of
aggregate venture capital investment in the world.
Third, New York City has created excellent incentives to attract and nurture early stage
companies, particularly Israeli companies. START-UP NY, for example, offers new
and expanding businesses the opportunity to operate tax-free for 10 years if they
become affiliated with a New York university. ICONYC Labs in Manhattan is a program
devoted exclusively to supporting the efforts of accelerators and early stage Israeli
companies. Israeli StartUps NYC is the largest active Israeli-American tech community
in New York focused on building relationships between Silicon Alley and the Start-Up
Nation. In addition, New York City offers a myriad of other programs designed to help
Access to the U.S. market is particularly important for Israeli entrepreneurs
who are focused on building their companies into global leaders rather than
seeking an early exit
Doing
Business in
New York