First, they banded together to block investing in overly political, woke businesses. Now, a coalition of state officials across the U.S. is using its power to allocate state funds to a political cause it cares about: Israel.
Since 2020, states and municipalities across the country have amassed a portfolio of $1.7 billion in Israel Bonds—securities sold by the state of Israel to “strengthen every aspect of Israel’s economy, enabling national infrastructure development.” Since October 7th, 2023, $580 million of state and municipal investments have been invested in Israeli bonds. …more
