Israel News

‘Entrepreneurship is in Samaria’s DNA’: Economy flourishing beyond Green Line

Nearly 2,000 small and medium-sized businesses now operate in Judea and Samaria.

By Gilad Zwick, Israel Hayom via JNS

No fewer than 1,982 small and medium-sized businesses operate in Judea and Samaria, a 100 percent increase over the past decade. Relative to population size, the average rate of entrepreneurship in Judea and Samaria in 2018 was 20 percent higher than in Tel Aviv.

The data — from the Israel’s Central Bureau of Statistics and the MATI Jerusalem Business Development Center in Judea and Samaria — was presented at an entrepreneurial conference in Samaria, the first such conference of its kind.

In a sign of the region’s growing tourism industry, the most prominent commercial field in Judea and Samaria is the service industry, in particular food and hospitality services, followed by industry and health services, and skin care.

Conference attendees welcomed the Tourism Ministry’s recent decision to incentivize entrepreneurs to build hotels in Judea and Samaria and the Jordan Valley, in the form of grants to entrepreneurs of 20 percent of the total investment.

According to Samaria Regional Council head Yossi Dagan, “Entrepreneurship is in Samaria’s DNA. The reason for this is, on the one hand, the distance from the cities, and the other hand, an active population that came here to settle and to build and therefore is no stranger to entrepreneurship.”

Share
Published by
David Isaac
Tags: Israel economy Judea and Samaria

Recent Posts

  • Arab-Israeli Conflict

Hamas accused of shooting, abducting and executing Palestinians in Gaza

Alkhatib has previously highlighted alleged Hamas abuses against Palestinians, including crackdowns targeting rivals and people…

1 hour ago
  • World News

Trump Administration develops Iran containment plan, expanded Israel normalization

Trump said that the US could strike Pickaxe mountain, a heavily fortified facility where Iran…

2 hours ago
  • World News

Iran planning coordinated multifront attack against Israel, according to Israeli intelligence

The plan under consideration would involve Iran, Hezbollah, Hamas, the Houthis, and pro-Iranian militias in…

3 hours ago
  • Analysis & Opinion

Do not be fooled: Iran’s Islamist regime is building a post-Trump nightmare

There is no realistic path for Iran to become a constructive, peaceful country while its…

4 hours ago
  • Jewish Diaspora & Antisemitism

European rabbis unveil seven-point plan to confront ‘infrastructure of hatred’ amid rising antisemitic violence

CER’s new manifesto warns that the threat goes far beyond individual attacks, pointing also to…

4 hours ago
  • Videos

WATCH: Inside MDA’s new underground training center

Magen David Adom unveiled a new underground training center in Ramla featuring responsive mannequins and…

4 hours ago