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Harrisburg, PA — Pennsylvania Treasurer Stacy Garrity announced today that the Pennsylvania Treasury Department is investing an additional $20 million in Israel bonds.
“Israel is our greatest ally in the Middle East, and I will always stand with them,” Treasurer Garrity said. “Israel bonds are a smart, dependable investment with a proven track record – and it’s especially important to show our support at a time when the people of Israel are facing horrific terrorism. I’m proud to announce this significant new investment, continuing the strong relationship between Pennsylvania and Israel.”
The Pennsylvania Treasury Department currently has nearly $36 million worth of Israel bonds; this new investment will bring that total to about $56 million. The Commonwealth has invested in Israel bonds for more than 30 years.
“Pennsylvania’s new investment in Israel bonds sends a powerful and uplifting message to Israel at this exceedingly difficult time,” said Israel Bonds President and CEO Dani Naveh. “The state’s tremendous commitment also provides impactful and much-needed assistance on the ground, through financial support that helps secure the future of the State of Israel and its people.”
Treasurer Garrity also urged Congress and the President to do everything necessary to support Israel as it defends itself and to ensure the safety of those being held hostage by Hamas, including a number of Americans.
For 72 years, Israel Bonds has generated $49 billion worldwide, across all Bonds affiliates, in financial support for the building and development of every sector of Israel’s economy. Israel bonds are a smart investment, with strong rates, and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide.
STACY GARRITY, STATE TREASURER
Information provided to TVL by:
Samantha Heckel
