(Courtesy of Israel Bonds) The State of New Jersey recently invested $20 million in Israel bonds. This investment is part of the longstanding partnership between New Jersey and Israel. “The State of New Jersey is proud to purchase Israel Bonds—an affirmation of our confidence in the State of Israel and its economy,” said Governor Phil Murphy. “We are looking forward to deepening our partnership in the years ahead.”
The State of New Jersey has been invested in Israel bonds over the past 20 years. “There has been a long collaboration between New Jersey and Israel,” noted Roy Tanzman, campaign co-chair, Metropolitan New Jersey Israel Bonds. “We thank the administration for their support and commitment to Israel and its vibrant economy. New Jersey recognizes the value of investments in Israel bonds during these uncertain times.”
“I am appreciative of the State of New Jersey for its commitment to Israel over decades, and its understanding of the quality of investments in Israel bonds,” added Howard Cohen, general chairman, Metropolitan New Jersey Israel Bonds.
Lee Schwartz, executive director, New Jersey and Rockland County Israel Bonds said: “Israel’s Finance Ministry raised our national goals from $1.1 billion to $1.5 billion in 2020 due to the impact of COVID-19. The investment by the State of New Jersey is significant toward reaching this goal and strengthening their bond with Israel.”
“New Jersey and Israel are tied together in so many important ways, and this historic purchase of Israel Bonds by the State is another demonstration of our special relationship reaching new heights,” said Andrew Gross, executive director of the New Jersey-Israel Commission. “This investment is symbolic of the faith we place in the future of the State of Israel and its people as we grow and innovate together.”
Mark S. Levenson, chair of the New Jersey-Israel Commission, said: “I am delighted with the decision of the New Jersey Division of Investment to execute this purchase of Israel Bonds. Israel Bonds provide strong returns. At the New Jersey-Israel Commission, we are pleased with this affirmation of the continuing and burgeoning economic and trade relationship between our great State of New Jersey and the State of Israel, one of America’s closest allies.”
Development Corporation for Israel/Israel Bonds—a FINRA-member broker dealer that underwrites securities issued by the State of Israel in the United States—ranks among Israel’s most valued economic and strategic resources, with a record of proven success spanning nearly seven decades. Praised for its dependability, the bonds organization has helped build every sector of Israel’s economy.
Advocating investment and pride in Israel through the sale of Israel bonds is global in scope. Worldwide sales have surpassed $46 billion since the first bonds were issued in 1951. Proceeds from the sale of Israel bonds have played a decisive role in Israel’s rapid evolution into a groundbreaking global leader in innovation and technology, and pioneer of the environmental revolution.
For more information, contact Lee Schwartz, development corporation for Israel at 973-715-7875 or [email protected].
