2005 Eagle Star Awards
Community Partner

State of Israel Bonds-Atlanta Office is the recipient of the Community Partner recognition for the 2005 Eagle Star Awards. This award was earned for the following reasons:

COMPLEMENTARY MISSIONS

Israel Bonds Mission is to enhance the economic development and infrastructure of the
State of Israel. Bonds’ Route:

Provide funds through bond purchases and notes to finance infrastructure projects in the billion-dollar range annually. The following are examples of projects funded in part with bond dollars:

• BEN GURION AIRPORT TERMINAL – Perhaps the most visible example of bond dollars at work is the New World class terminal just completed.
  
  
• PORT of ASHDOD – Israel’s largest port just doubled its capacity to handle 35 million tons of cargo a year.
  
  
• DESALINATION and SEWAGE RECOVERY – Next to security, scarcity of water is the most critical problem facing Israel. Bond dollars have been used for:
  
  1. Desalination – An eight-year, 8 billion shekel plan is currently underway. The recently completed plant at Ashkelon has already appreciably reduced the cost of water.
     
     
  2. Sewage Effluent Recycling – 3 billion shekels are being invested to convert sewage to a high enough degree of purification for irrigation use without risk to health. (e.g. this has allowed for wastewater from Tel Aviv to be used to grow crops in the Negev.)
     
• HIGHWAY SYSTEM – The widening of existing roads, the constructions of new ones, as well as tunnels, has been a major use of bond funds.
  
  
• RAIL SYSTEM – New Trains carrying passengers quickly and efficiently to major cities throughout Israel are another example of bond dollars at work.
  

SHARED LEADERSHIP

Both AICC and Bonds have benefited by participation of seasoned community leaders. A couple of prime examples are Dr. Larry Cooper, AICC’s current Board chairman who is a past chairman of Bonds, and Cary Rosenthal, an immediate past chairman of Bonds who is a past chairman of AICC’s Board.

SHARED SUPPORT

From both a financial and political support perspective, there is a great deal of crossover between our groups. As an example:

1. Significant numbers of AICC members are also Bond investors and Federation contributors, a major AICC funding source.
   
2. The change in state law enabling the purchase of foreign securities and the subsequent purchase of a $5 million dollar Israel Bond by the State of Georgia was motivated to an extent by the impact of the number of Israeli companies now headquartered in Georgia and the number of Georgia companies doing business in Israel.
   

SHARED REGIONAL OUTREACH

Both organizations cover essentially the same regional territory thus bringing the economic development of the State of Israel to the forefront of corporations, individual investors and governmental agencies.

An example of some of the achievements by the Bond office in the region has been a $5 million investment by the State of Georgia, $20 million investment over a two-year period by the State of South Carolina, and a $5 million investment by the State of Louisiana.

SHARED SPONSORSHIP

A cooperative arrangement has evolved between both organizations to jointly co-sponsor programs.

www.israelbonds.com