10/15/2020

For Immediate Release: Thursday, October 15, 2020 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842   CFO Jimmy Patronis Announces $10 Million Israel Bond Purchase, Highlights Florida’s Historic $60 Million Investment in Israel   TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis announced the purchase of an additional $10 million in Israel bonds by the State Treasury. This bond purchase brings Florida’s total investment in Israel bonds to $60 million, the largest total ever held by the State of Florida. Under the CFO’s direction, the State Treasury has been investing in Israel bonds to diversify the state’s investment portfolio as part of an important long-range investment strategy. Israel bonds are known to be an investment in a strong economy that has a commitment to innovation and cutting-edge technology.

CFO Jimmy Patronis said, “Today, I was proud to announce Florida’s additional $10 million purchase of Israel bonds by our state treasury, marking a historic total investment of $60 million in Israel bonds for Florida. This significant investment further highlights and strengthens the relationship between Florida and Israel, our ally and economic partner in the Middle East. Not only does this purchase provide Florida with a strong and dependable investment, it emphasizes Florida’s commitment to stand with and support Israel and work towards our collective goal to build a better, stronger Florida.”   Representative Randy Fine said, “Thank you, CFO Patronis for your outstanding leadership and continued dedication to strengthen the Israel/Florida relationship. Indeed, Jimmy Patronis is the most pro-Israel CFO in the United States.  A strong Israel is good for Florida, and you have been a forceful advocate for the connection between our economies and our people. I am proud that our state now owns the largest amount of Israeli bonds in its history and know that our shared bond will only continue to grow.”   Mark Ruben, Executive Director, Palm Beach County Development Corporation for Israel/Israel Bonds said, “The purchase of another $10 million in Israel bonds, bringing Florida’s investment to a record level, sends a strong statement in support of the significant partnership between Florida and Israel. We are fortunate to have leaders like CFO Patronis who continually seek ways to help create a bright future for Florida through prudent investments in Israel.”   Rabbi Schneur Oirechman, Executive Director of Chabad Lubavitch of the Panhandle-Tallahassee said, “I applaud CFO Patronis’ unwavering investment in Israel, which exemplifies Florida’s proud history of supporting the people of Israel. The Jewish communities throughout our state continuously help shape Florida’s vibrant culture and contribute to its success; this announcement is an affirmation of that special relationship.”   ###

About CFO Jimmy Patronis  Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).