Business

Israel connection boosting Mass. economy

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Companies with ties to Israel have become a significant force in Massachusetts, nearly tripling their revenues over the past four years and employing roughly 6,700, according to a new study released Thursday.

At least 200 businesses, cutting across the state’s innovation economy, have Israeli connections, according to the study for the New England-Israel Business Council, a group aimed at fostering collaborations between Israel and New England. Together these companies — IT, medical device, and software firms — generated $6.2 billion in revenues in the state, up from $2.4 billion in 2009.

The economic impact of the Massachusetts-Israel connection is only expected to grow as capital, customers, and technical talent attract more Israeli firms to the state — particularly in emerging sectors such as nanotechnology, robotics, and 3-D printing.

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