NYC, Israel Launch Economic Council to Boost Tech, Business Ties

New York City Mayor Eric Adams and Israeli Economy Minister Nir Barkat have announced the creation of the New York City-Israel Economic Council to strengthen economic ties and foster innovation between the two governments. The council aims to facilitate business partnerships, support Israeli companies expanding into New York, and promote collaboration in fields such as environmental technology, life sciences, and artificial intelligence. The initiative, led by the Mayor's Office for International Affairs and Israel’s Economic Mission to the US, intends to deepen longstanding cooperation and serve as a gateway for Israeli businesses to access US markets. Adams emphasized the shared values and economic resilience of both New York City and Israel, rejecting calls for divestment from Israel and reaffirming his commitment to the partnership. The council will also address issues including economic development, emergency management, education, and combatting antisemitism, reflecting a broader commitment amid rising antisemitic incidents globally. This collaboration signifies both strategic economic partnership and moral support, reinforcing the historic ties between New York and Israel.