Empire State Development Announces Multi-Sector Trade Mission to Israel

Global NY to Lead March 25-28 Trade Mission to Increase Exports and the Number of Businesses that Export in New York State; Israel is New York’s 5th Largest Export Market

March 21, 2019

Empire State Development (ESD) today announced that Global NY will lead a trade mission to Israel from March 25-28, 2019. Global NY is New York’s gateway for both local businesses interested in exporting internationally and foreign businesses looking to invest in New York. The upcoming trade mission will strengthen economic ties with Israel by helping to increase exports and the number of businesses that export in New York State.

Empire State Development President, CEO & Commissioner Howard Zemsky said, “Israel is known as the ‘Startup Nation’ and this upcoming trade mission presents a unique opportunity for New York State businesses to gain access to this major international hub of innovation and technology.”

The trade mission includes stops in Tel Aviv and Jerusalem. Each participating company will receive a customized schedule of meetings with prospective customers and/or business partners and will benefit from group networking events. Eligible businesses can also receive reimbursement from Global NY’s State Trade Expansion Program (STEP) for travel and lodging expenses as well as the $1,000 trade mission fee.

Participating businesses represent diverse sectors and regions from across the state, including optics and imaging companies from the Finger Lakes and Mohawk Valley, advanced manufacturing companies from Long Island, Mid-Hudson and Western New York and a marketing firm from New York City. Several of the companies supply goods and services to the Aerospace/Defense/Homeland Security, alternative energy, life sciences, electronics and communications industries.

STEP is a Global NY program that is funded in part through a grant from the U.S. Small Business Administration (SBA) to increase the number of businesses entering the export market, and to increase the value of exports businesses are already producing. Grants are offered to qualifying small and medium-sized businesses for a range of purposes, including participation in foreign trade missions.

Global NY organizes trade missions each year to help New York’s small to mid-sized companies export overseas as well as encourage foreign companies to invest and grow their businesses in the state. In 2018, Global NY led 37 companies on trade missions to Mexico, Germany, Canada and China. Israel is currently New York’s 5th largest export market and a key global hub for technology and innovation. The country’s GDP growth was 3.4 percent in 2017. Trade between the U.S. and Israel has increased eight-fold since the signing of the Free Trade Agreement in 1985, leading to the elimination of virtually all trade tariffs.

Companies interested in participating in future trade missions or the STEP program can contact Global NY at [email protected] or 212-803-2300. To learn more about Global NY, click here.

About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.

 

 

Contact:
Jack Sterne | [email protected] | (212) 803-3764
Adam Kilduff | [email protected] | (212) 803-3744
ESD Press Office | [email protected] | (800) 260-7313