Israel’s economic footprint in Florida grows as Israeli-founded companies boost jobs and innovation
A new report by the United States–Israel Business Alliance (USIBA) highlights the growing influence of Israeli innovation that spreads beyond Startup Nation.
A new study has highlighted how Israeli-founded businesses are becoming an economic powerhouse in the Sunshine State. The Florida–Israel Economic Impact Report, released by the United States–Israel Business Alliance (USIBA), uncovers how Israeli-founded companies are not just thriving in Florida but are helping power its economic engine.
"There are several important factors that have contributed to Florida’s economic boom in recent years," says Aaron Kaplowitz, president of the United States–Israel Business Alliance. "This study affirms that Israel is one of them."
According to the report based on data from 2024, 429 Israeli-founded businesses in Florida directly employ 8,190 people, but their full economic footprint is much larger. Once you factor in supply chains and household spending, that number rises to 26,510 jobs. In total, these companies generate $7.3 billion in gross economic output—equivalent to 0.46% of Florida’s total Gross State Product.
The impact is most pronounced in South Florida. In Miami-Dade County alone, Israeli-founded firms account for over $6 billion in gross output—nearly 3% of the county’s GDP. These companies also pay better than average: Wages at Israeli firms in the county are 18% higher than the local norm.
“Israeli entrepreneurs are looking more and more at Florida as a viable option to grow their businesses in the United States,” Kaplowitz added. “This means more local jobs, more state revenue, and more cutting-edge innovation.”
In Palm Beach County, 760 jobs have been created by Israeli-founded companies with average salaries 30% higher than the county average. In Orange County, those jobs pay an average of $96,600—51% above the regional average.
The report has confirmed how Florida is now home to two Israeli unicorns: Flow and Momentis Surgical, each with a valuation exceeding $1 billion. It also identifies several sectors set for additional growth including Space, Life Sciences, and Defense & Homeland Security.
USIBA aims to create economic opportunities between states and Israel. USIBA specializes in organizing economic development missions to Israel for governors, higher education officials, and business leaders. It also connects Israeli technology solutions to local challenges.
