Israeli-founded companies in California earn an annual $4 billion, employ 14,000 — report

Israeli-founded companies employ 14,452 people in California, generating $4 billion in earnings, according to a report by the United States-Israel Business Alliance, a group that works to foster business ties between the two countries.

The report by the United States-Israel Business Alliance is based on 2024 data, the most recent year for which the figures are available.

The report tallies 367 companies in California with at least one Israeli founder. Thirty-two of those companies are unicorns, or private firms valued at more than $1 billion.

The average salary at the companies is $175,093, roughly double the average in the state. The firms add $6.5 billion in total value to the state’s economy, generate $8.9 billion in gross economic output, or sales, and account for 22,650 jobs overall, when also counting positions created indirectly, such as in warehouses.

The companies account for .16% of California’s gross domestic product. California has the largest economy of any US state; if the state was a country, it would be one of the top five national economies worldwide.

The California report is the group’s fourth to examine Israelis’ economic impact in US states. Previous reports tallied their economic impact in Florida, New York, and Virginia.

In total, there are 1,563 Israeli-founded companies in the four states, creating 114,152 total jobs and $38 billion in economic output.