New 5WPR Study Finds That Israeli Tech Companies Generate $7.3 billion in Florida’s Economy

5WPR, one of the largest independent public relations and digital marketing firms in the United States, today published the Israeli Tech in Florida Report — the first comprehensive analysis of the economic footprint, key sectors, and growth trajectory of Israeli-founded technology companies operating in Florida.

The report draws on the Florida–Israel Economic Impact Report published by the United States–Israel Business Alliance (USIBA), data from the Florida-Israel Business Accelerator (FIBA), Startup Nation Central, and the Israel Innovation Authority. It is released in conjunction with Israel Tech Week 2026, convening in Miami in late April.

Why Florida, Why Now
The report identifies five structural factors driving Israeli tech concentration in Florida: zero state income tax, gateway access to Latin American markets, near-daily direct flights between Miami and Tel Aviv via El Al, an established Israeli and Jewish community infrastructure, and the Florida-Israel Business Accelerator (FIBA), which has supported more than 100 Israeli companies since 2016.

A newer factor is accelerating the trend. The political climate in New York City — where Zohran Mamdani’s rise has introduced a more hostile posture toward the Jewish and Israeli business community — has prompted Israeli and Jewish-owned businesses to reassess their U.S. base of operations. USIBA president Aaron Kaplowitz has noted that Israeli entrepreneurs increasingly describe Florida as a place where they feel comfortable and embraced. That perception is translating into location decisions at a measurable pace.

“$7.3 billion is not a footnote. It is the economic contribution of a community that has been building quietly and is now at critical mass. Florida is where Israeli tech is landing in the U.S., and the momentum is accelerating.”
— Matt Caiola, CEO, 5WPR

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