US, Israeli business groups unite to strengthen economic ties amid growing anti-Israel backlash

Regional US economic development groups united at the first US-Israel Innovation Exchange Summit in Michigan to promote Israeli investment and counter growing anti-Israel backlash. Attendees signed a memorandum of understanding to strengthen US-Israel commercial ties. The summit faced local protests over public funding for MIBA, with critics including Rep. Rashida Tlaib.

Dozens of regional US economic development groups, many funded by local governments, gathered in Michigan for the first US-Israel Innovation Exchange Summit. They signed a memorandum of understanding to strengthen economic, innovation, and commercial ties between the United States and Israel, amid a political climate where support for Israel faces growing scrutiny. The summit aimed to counter increased protest and boycott pressure on American business ties with Israel. Israeli Consul General Elad Strohmayer described the partnership as a 'win-win' for both sides. The summit was organized by the Michigan Israel Business Accelerator (MIBA), with backing from the Paul E. Singer Foundation and other Jewish and business leaders. However, the event took place against a backdrop of local protests, including a campaign called 'MI Money Out Of MIBA,' which objects to over $5 million in public funds the group has received since 2018. US Rep. Rashida Tlaib amplified the criticism, accusing MIBA of funding weapons that kill children. MIBA CEO Mark Davidoff pushed back, stating the connected Israeli company works in counter-drone technology, not weaponry. The article notes that many pro-Israel business groups prefer to operate 'under the radar,' while Davidoff advocates for greater transparency.