Ted Cruz hails $3.2 billion in Israeli investment, 4,200 jobs created in Texas

"Now that investment is expanding into AI, cyber, defense, water, and agriculture," said Cruz. "Texas gets the jobs, the capital, and the technology. That’s a partnership worth growing."

"Israeli companies are betting big on Texas, investing $3.2 billion and creating more than 4,200 jobs across our state," Texas Senator Ted Cruz tweeted on Wednesday.

Cruz's figures are based on US Bureau of Labor Statistics data from the 2024 financial year, which did indeed reveal that trade between Texas and Israel reached roughly $4 billion in 2024. Texas exports to Israel totaled $757.9 million and imports from Israel reached $3.2 billion.

This is the culmination of years of partnership.

In the last decade, Israeli companies reported 34 investment projects into Texas and, as mentioned, more than 4,200 new jobs.

During that same time period, Texas companies reported seven investment projects into Israel, $178.6 million in capital investment, and more than 545 new jobs.

Israel ranks among top sources of foreign investment, jobs in Texas

Israel is the 19th-largest source country for FDI projects into Texas and the 17th-largest source for new jobs created by FDI. Texas itself is the number 1 exporting state in the USA and the leading state for foreign direct investment over the last two decades.

According to the Texas Governor’s Office and the Texas Economic Development & Tourism Office, the Israeli companies with the highest capital investment in Texas over the last 10 years are: Nofar; Doral; Wiz; Elbit Systems; Ellomay; Tower Semiconductor; Starplast; Incredo Sugar; Percepto; and BOS.

"Now that investment is expanding into AI, cyber, defense, water, and agriculture," said Cruz. "Texas gets the jobs, the capital, and the technology. That’s a partnership worth growing."

Additionally, the State of Texas Israel Office was approved during the 89th Legislative Session in 2025. As of August 2026, Texas is still in the process of establishing the office, having issued a request for proposals in June seeking a contractor to operate a physical office in Jerusalem. This marks a slight delay from the early-2026 planned launch date.

The deepening economic relationship is also reflected in capital markets.

Texas doubles investment in Israel Bonds to $280 million

In February 2026, acting Texas Comptroller Kelly Hancock announced that Texas was doubling its investment in Israel bonds from approximately $140 million to $280 million, marking the largest one-time investment in Israel bonds in Texas history.

“Texas proudly stands with Israel,” Hancock said at the time. “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.”

In the private sphere, Commissioner Grant Moody has suggested a potential for collaboration between the Tel Aviv Stock Exchange and the new planned Texas Stock Exchange in Dallas.

Moody, who represents Bexar County, spoke of opportunities around dual listings, cross-border investment, and institutional cooperation.

Texas currently operates two state-run trade offices in Mexico and Taiwan, but the Jerusalem-based office would mark Texas' first permanent economic outpost in the Middle East.

The Jerusalem Post reached out to Ted Cruz's office for comment.