Ted Cruz hails $3.2B in Israeli investment, 4,200 jobs created in Texas

Texas Senator Ted Cruz announced that Israeli companies have invested a significant $3.2 billion in the state, generating over 4,200 jobs. This substantial influx of capital and technology underscores a deepening economic relationship between Texas and Israel. Cruz highlighted that the investment is expanding into key sectors such as artificial intelligence, cybersecurity, defense, water management, and agriculture, emphasizing the mutual benefits of this growing partnership.

These figures, based on US Bureau of Labor Statistics data for the 2024 financial year, indicate a robust trade relationship. In 2024 alone, trade between Texas and Israel reached approximately $4 billion, with Texas exports to Israel totaling $757.9 million and imports from Israel amounting to $3.2 billion. Over the last decade, Israeli companies have initiated 34 investment projects in Texas, leading to the creation of more than 4,200 jobs. Conversely, Texas companies have undertaken seven investment projects in Israel, contributing $178.6 million in capital and creating over 545 jobs.

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Now that investment is expanding into AI, cyber, defense, water, and agriculture. Texas gets the jobs, the capital, and the technology. That’s a partnership worth growing.

Israel ranks as a significant source of foreign direct investment (FDI) for Texas, positioning it as the 19th-largest source country for FDI projects and the 17th-largest for job creation through FDI. Texas itself is a leading state for foreign investment and exports in the United States. Prominent Israeli companies with substantial capital investments in Texas over the past ten years include Wiz, Nofar, Doral, and Elbit Systems.

The economic ties are further strengthened by Texas's increased commitment to Israel bonds. In February 2026, Texas Comptroller Kelly Hancock announced the doubling of the state's investment in Israel bonds, from roughly $140 million to $280 million. This move represents the largest single investment in Israel bonds in Texas history and signals a strong affirmation of the state's support for Israel. Texas is also in the process of establishing a State of Texas Israel Office in Jerusalem, aiming to further facilitate and manage this growing economic relationship.

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Texas proudly stands with Israel. This expanded investment reinforces our long-standing relationship and shared commitment t