MILWAUKEE (Oct. 29)
The non-profit Committee for Economic Growth of Israel (CEG-1) is forming 12 blue ribbon think tooks composed of American Jewish and Israeli business leaders to help solve Israel’s economic problems, it was announced here by Elmer Winter, CEG-1 chairman.
Citing recent steps announced by Prime Minister Shimon Peres to strengthen the Israeli economy, Winter said the Committee would devote “every effort to make Israel economically independent.” CEG-1 was established in 1976 to promote investment in and trade with Israel. The Committee is composed of some 130 top business executives in the U.S. and Israel.
Winter said he had informed Peres of the Committee’s new program. He expressed his belief that the new unity government “will take appropriate steps to bring about a viable and strong Israeli economy.”
12 AREAS INVOLVED
Winter announced that the 12 groups would examine U.S. -Israel business and economic relationships at both the governmental and private sector levels, and that each panel would address itself to a different facet of Israel’s economy. They are:
Increasing private American investment in Israel; expanding free enterprise in Israel; exporing the potential for the sale of Israeli government-owned facilities; improving the marketing of Israeli investments in the U.S.; liberalizing Israel’s investments incentives; expanding Israeli exports to the U.S.; increasing the flow of U.S. venture capital into Israeli companies.
Also, expanding the sale of limited partnerships for Israeli research and development projects; reducing the number of unfilled offset-purchase agreements by American companies; maximizing U.S. -Israel economic relationships on an intergovernmetal level; stimulating Jewish non-profit organizations in the U.S. to become involved in expanding business relations with Israel; and improving the marketing thrust of Israeli universities and research/ industrial parks.
Winter was a co-founder of Manpower, Inc., and served as its president for 28 years. He is the author of numerous publications and articles on Israel’s economy, including “A Plan to Make Israel Financially Independent in 1990.”