Israeli businessman and philanthropist Eitan Wertheimer has pledged $5 million to create a business fund for Southern Israel, to help develop the area’s long-term economy at a time of intense focus on violence in the region.
The fund will provide below-market-rate loans and collateral via loan guarantees to spur wide support for businesses in the Negev region widely seen as crucial to Israel’s growth.
The UJC Israel Office is providing an excellent comprehensive situation update, which includes current information on the military, politics and status of social needs in Israel.
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