General Business
February 7, 2024
To support Israelis who recently immigrated to New Jersey, Choose New Jersey, in partnership with the New Jersey-Israel Commission, co-hosted a seminar yesterday aimed at providing entrepreneurs with comprehensive knowledge on starting a business in the state. The event, held in Tenafly, fostered an environment that encouraged networking and collaboration among participants, some of whom fled Israel after the October attacks.
The seminar covered a wide range of topics important to Israeli business owners looking to set up operations in New Jersey, including valuable information on services offered by Choose New Jersey, the New Jersey Economic Development Authority (NJEDA) and the New Jersey Business Action Center. Participants had the opportunity to learn about visas, opening a bank account, employee benefits and the process of incorporating in New Jersey. Throughout the event, prominent industry experts shared their expertise and offered guidance.
“We are committed to helping Israelis launch thriving businesses in New Jersey's dynamic environment,” said Karin Elkis, co-chair of the New Jersey-Israel Commission. “Continuing our important work to foster collaboration, support entrepreneurship and connect innovation across borders is a win-win for both states.”
“We are pleased to host this seminar in collaboration with the New Jersey Israel Commission, which not only aligns with our mission to promote economic growth in New Jersey, but also allows us to support Israeli businesses that have temporarily relocated or are looking to expand into the North American market,” said Bill Noonan, chief business development officer for NJ Choice. “Entrepreneurs who attended this event gained a comprehensive understanding of the resources and assistance available to them, enabling them to successfully launch and grow their businesses in New Jersey.”
Choose New Jersey and the New Jersey Israel Commission are committed to supporting entrepreneurs on their journey to building a prosperous future in the state. Speakers at the event included:
- Bill Noonan, chief business development officer at Choose New Jersey
- Josh Berliner, Executive Director of the New Jersey Israel Committee
- Michael Wills, Mayor of Englewood, Partner at Wills & Weinberg LLP
- Mark Levenson, Sills, Khamis & Gross
- Don Newman, New Jersey Business Action Center
- Andrew Gross and Erica Breiterman, New Jersey Department of Economic Development
- Brian Lee, PNC Bank
New Jersey has longstanding ties to Israel, being home to the fourth-largest Israeli-born population and the fourth-largest Israeli-origin population in the U.S. Israeli businesses doing business here will find a cultural match within New Jersey's vibrant Jewish community.
Both states share a spirit of entrepreneurship and innovation. Israel and New Jersey will reach a combined $1.72 billion in two-way trade in goods in 2022, demonstrating strong economic ties that are expected to continue to grow.
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