Israeli-founded companies serve as a powerful engine for economic growth and job creation across California, according to a new independent study released today by the United States – Israel Business Alliance. The California – Israel Economic Impact Report (attached) identifies 367 Israeli-founded companies in California. Among them are 32 unicorns – privately held companies with a valuation of $1 billion or more – that have their global or U.S. headquarters in California, the most of any state.
In total, the Israeli-founded companies created 22,650 jobs and $4 billion in earnings in 2024. These firms also contributed $6.5 billion in value added to the state economy and generated $8.9 billion in gross economic output.
“This report underscores the depth and resilience of the California-Israel economic relationship,” said Aaron Kaplowitz, president of USIBA. “Anchored in Silicon Valley, Israeli-founded companies bring cutting-edge innovation to California, support tens of thousands of jobs, and reinforce the state’s leadership in the global tech economy.”
The study also reveals that the average earnings for local jobs created by Israeli-founded companies is $175,093, an amount that is double the state average. In San Francisco and Santa Clara, the average earnings for jobs created by Israeli-founded companies are $217,945 and $223,374, respectively.
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