Article: Investment center lacks funding for 400 projects

AVI KRAWITZ
Jerusalem Post
02-21-2007
Headline: Investment center lacks funding for 400 projects
Byline: AVI KRAWITZ
Edition; Daily
Section: Economics
Page: 17

Wednesday, February 21, 2007 -- The Government's Investment Center lacks the funding to provide grants for over 400 projects that have met its investment criteria, the Industry, Trade and Labor Ministry said Tuesday.

"Because of the lack of budget we have accumulated 400 requests for assistance that met our criteria but which we were unable to approve over the years," the ministry said. "These requests have a NIS 10 billion combined investment budget and would have added around 14,000 new jobs to the periphery."

In 2006, the center ...

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