Elbit in talks for Beersheba R&D center - Israel Business, Ynetnews

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Elbit in talks for Beersheba R&D center

Defense electronics company new facility in southern city expected to employ up to 100 workers, receive up to 30% subsidy for their wages

Assaf Gilad, Calcalist
Published: 01.09.12, 07:32 / Israel Business

Following in the footsteps of Israeli ECI and American EMC, Elbit is seeking to open research and development center in southern Israel.


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The defense electronic company is currently in advanced negotiations with government authorities and the Beersheba Municipality for a new local, 100-employee R&D center.


Elbit wishes to receive wage subsidies for the new center's employees from the government Investment Center similarly to those recently received by software giant EMC, which moved to Beersheba last June and is poised to move into a new building currently under construction at the industrial park adjacent to the Ben-Gurion University.


Estimates on the market are that Elbit will choose the same location for its new center as well. Deutsche Telekom is also scheduled to move into the premises.


The Investment Center terms set a 35% subsidy for the 100 employees Elbit plans to hire for the new center which will gradually be cut to 5% by the fourth year. The subsidy is contingent on the company hiring new employees for the center.


Click here to read this report in Hebrew



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