An Israeli company has announced plans to launch a technology hub in New Jersey, with the goal of creating what it describes as a 'new Silicon Valley' for foreign companies looking to expand in the United States.
The hub, whose exact location and launch date have not been disclosed, aims to provide a 'soft landing' for international firms, offering office space, legal support, and networking opportunities. The project is led by Israeli entrepreneurs, according to the company's statement.
New Jersey has seen increased interest from tech firms due to its proximity to New York City and lower costs. The state has also offered tax incentives to attract businesses, though specific details of any incentives for this project were not confirmed.
The initiative is part of a broader trend of Israeli tech companies establishing a presence in the US, leveraging the country's innovation ecosystem.
