Israel-based Alvarion, a global leader in the wireless broadband market, is moving its North American headquarters from California to Montgomery County. The move will create 25 new jobs by 2013. To assist the company with the relocation, the State and Montgomery County have agreed to provide $95,000 in conditional loans that are contingent on job creation at the new location, which is yet to be determined.
"We are excited to have Montgomery County, Maryland as the new location of our North American headquarters," says Eran Gorev, president and CEO of Alvarion. "Our world-class team of employees is our most important asset, and we look forward to taking advantage of all that this area has to offer a growing technology company like ours. We thank Congressman Chris Van Hollen, the State of Maryland, Montgomery County and the Maryland/Israel Development Center for their support in making this happen."
The Maryland/Israel Development Center (MIDC), a public-private partnership charged with creating jobs and promoting trade and investment in Maryland and in Israel, was instrumental in attracting Alvarion to Maryland. MIDC Executive Director Barry Bogage reached out to company officials to promote Maryland as a location for their U.S. headquarters and helped connect the company with economic development officials from the State and the County.
"Alvarion is considered one of Israel's high tech success stories," says Bogage. "Relocating their North American headquarters to Maryland is a strong statement to the Israeli high tech community that Maryland is the prime location in the U.S. for Israeli companies. Currently about 30 Israeli businesses have offices in Maryland including such leading names as Teva Pharmaceuticals, BioLineRX and Verint."
Source: Maryland Department of Business and Economic Development
Writer: Walaika Haskins