from the August 2010 issue

Businesses ink deal with Israeli incubator

Mahoning Valley business and political leaders hailed a signing with an Israeli clean technology incubator as an important step in restoring the area's image as a world economic force.

''We plan to create a global network for clean technology headquartered in Youngstown,'' Michael Garvey, president of M7 Technologies, said after joining fellow Youngstown businessman Jack Scott in signing an agreement with LN Green Technological Incubator Ltd. of Haifa, Israel.

The signing at the Butler Institute of American Art on the Youngstown State University campus opens the door to as many as 2,000 jobs over seven to 10 years, a goal Garvey said is reasonable with projects employing 40 to 50.

Reprinted from the Israel High-Tech & Investment Report August 2010

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