Per their website, the New England-Israel Business Council "fosters partnerships, investment opportunities, and other collaborations that build mutually beneficial business ties between Israel and New England, and its regional hub city of Boston." NEIBC promoted and publicized the "Massachusetts-Israel Economic Impact Study," a 2016 study which attempts to demonstrate how economic ties to Israeli companies benefit the state of MA. The study claims that Israeli businesses "generated over $18 billion in economic benefit" to MA and "supported over 27,000 jobs" in MA in 2015.
In addition to arguing for the value of Israeli industry to the MA economy, the Massachusetts-Israel Economic Impact Study acknowledges the crucial role of the US in bolstering the Israeli economy and saving Israel from its growing political and economic isolation. The study notes: "Boston is a Gateway for Israel to U.S. and Global Markets Israel has a small home market, with only about 8 million people, and not much of a regional market due to their neighbors’ struggling economies, civil wars, and animus to the Israeli state. While Israel’s small population is well suited to early stage market testing, success and return on capital only come by tapping into America’s larger market and establishing partnerships that can help Israeli firms globalize." (p. 6)
The Massachusetts-Israel Economic Impact Study claims to highlight the economic impact of 200+ 'Israeli founded businesses' on the Greater Boston area (p.4, p. 11), businesses mostly in IT (p. 12), with a significant cluster in the field of cybersecurity (figure 9, p. 11; see also this source). The emphasis of the study is on the 'innovation economy' (p. 6) and conforms to a multi-year effort at rebranding Israel as a "start-up" nation driving technological innovation in order to whitewash over the realities of Israel's ethnic cleansing of Palestinians from their homeland and theft of Palestinian resources. In the greater Boston area, the 'innovation economy' is widely associated with skyrocketing rents and gentrification (see, e.g. John Summers, on the situation in Cambridge).
Akamai is a sponsor of the New England-Israel Business Council.
In 2010, the Museum of Science ran an exhibit called “Israel Innovation Week,” which highlighted "Israel's progress on its plan to be the first country to have a majority of electric cars on its roads; efforts to be a pioneer in solar and wind energy; and thriving innovative economy." The exhibit was co-sponsored by the New England-Israel Business Council, who also coordinated an educational exhibition as part of the exhibit.
In 2018, Massachusetts Governor Charlie Baker signed a law which provided $250,000 in Massachusetts state funding to the New England-Israel Business Council. Two years earlier, in 2016, the New England-Israel Business Council paid for Governor Baker to participate in an "Economic Development Mission" to Israel (ie a propaganda junket), eliciting charges of a conflict of interest when Baker decided to allocate public funding to the New England-Israel Business Council two years later.
Combined Jewish Philanthropies is a sponsor of the New England-Israel Business Council.
The Consulate General of Israel to New England is a sponsor of the New England-Israel Business Council.
In 2018, the New England-Israel Business Council received a $250,000 grant from the State of Massachusetts for the purpose of strengthening economic ties between Israel and Massachusetts.