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THE VIRGINIA ISRAEL ADVISORY BOARD (VIAB)
The primary mission of the Virginia Israel Advisory Board (VIAB) is to increase jobs in Virginia by encouraging Israeli companies to locate their businesses here. VIAB also advises the Governor on ways to improve economic and cultural links between the Commonwealth of Virginia and the State of Israel.
Our JCRC works with the statewide Jewish community to support the Virginia Israel Advisory Board (VIAB) that has added approximately 1,134 new jobs Virginia’s workforce that in turn have generated an estimated $38.4 million in state tax revenues over the past 10 years. In FY2010, VIAB contributed to the growth of 114 new jobs, generating $410,400 in tax revenues, or a 322% return on investment from the Commonwealth’s budget for VIAB that has been cut below $130,000. VIAB projects that the current pipeline of activities will bring 555 new jobs to Virginia over the next 1-3 years, translating into $2 million in additional state tax revenues.
While Israeli companies grew jobs in Virginia, exports from Virginia to Israel have also seen a dramatic jump. According to the Virginia Economic Development Partnership, Virginia’s exports to Israel were $65 million in 2006 and grew to $121 million in 2008. In today’s economic environment, the Commonwealth needs more proven investments like VIAB. The Jewish Community Relations Council strongly supports funding of VIAB as a sound investment in Virginia’s economic future.
2010 VIAB Top Accomplishments and Ongoing 2011 Initiatives:
 “Projections by Virginia State University Professor Har bans Bhardwaj must be discounted since not all of the chickpea production will be net additional agricultural production. On the other hand, migration to chickpea production will always be migration from a lower to a higher value added crop.” Source: Virginia Israel Advisory Board 2010 Annual Report.