INDIANAPOLIS, Ind. (WTWO/WAWV)— Indiana’s Treasurer of State Daniel Elliot recently held a private meeting with Israel’s Ambassador to the United States, Yechiel Leiter.
According to the news release, the two shared a meal during the private meeting and discussed their families, their faith, and the growing partnership between the Hoosier state and the Middle Eastern country. The treasurer stated that though the two share a great distance between them, the people share many of the same values, such as faith, family, hard work, and resilience.
Since 2023, Indiana has gone from $62.5 million in Israeli bonds to $115 million, representing around 1% of the state’s overall general fund investments. According to the U.S. Department of Commerce, Israel ranks 27th among Indiana’s national trading partners. According to the release, Hoosiers sent a combined $219,000,000 worth of goods to the country in 2024.
Currently, Israeli bonds have a better rate of returns than U.S. Treasuries. Elliot states that the investments being made are not only for what he believes is a moral cause, but also a good financial investment for the taxpayers.
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