Texas will double its investment in Israel bonds from about $140 million to $280 million, Acting Comptroller Kelly Hancock announced. This move marks the largest single investment in Israel bonds by the state and moves Texas from being the sixth-largest to the second-largest U.S. state investor in these securities.
“Texas proudly stands with Israel,” Hancock said. “This expanded investment reinforces our long-standing relationship and shared commitment to faith, freedom and economic opportunity. Texas and Israel have built a partnership that stretches beyond finance, and this step reflects both our solidarity and our belief in what we can accomplish together.”
Since 1994, Texas has included Israel bonds as part of its diversified portfolio. These fixed-rate securities are issued by the government of Israel and have consistently met their principal and interest obligations.
In addition to financial investments, Texas is working through the Governor’s Economic Development & Tourism Office to open a State of Texas Israel Office in Jerusalem. This will be Texas’ first international office in the Middle East and its fourth worldwide. The office aims to increase trade, innovation, and commercial connections between Texas and Israel.
Bilateral trade between Texas and Israel is nearing $4 billion annually. Areas of collaboration include defense, energy, water technology, cybersecurity, and advanced manufacturing.
More information about state investments can be found on the Comptroller’s website.
