Israeli-founded companies are making a significant economic impact in Virginia, according to a new report from the United States-Israel Business Alliance. The report, the first of its kind for the state, found that 119 companies with at least one Israeli-born founder generated $2.3 billion in gross economic output and created 3,767 jobs in 2024. These firms also contributed nearly $1 billion in value to Virginia's economy, with average employee earnings of $77,408.

Beyond direct employment, the companies have indirectly created thousands more jobs, driving innovation and investment across sectors such as defense, life sciences, agriculture, and advanced manufacturing. Virginia's proximity to Israel, its educated workforce, and favorable business environment make it an attractive destination for Israeli businesses, especially compared to more traditional hubs like New York and California.

State leaders and business advocates see this partnership as a growing opportunity, with plans to further strengthen economic ties and create new opportunities for Virginians. The report highlights Northern Virginia's strategic location near Washington, DC, as a particular draw for defense and aerospace firms, while also noting the potential for growth in agriculture and life sciences.