Economy
In 2008, the average wage for a salaried worker in Sderot was NIS 5,261.
Hollandia International, founded in 1981, a company that manufacturers and exports high-end mattresses, moved its sole manufacturing center to Sderot 11 years ago. Following the rocket attacks, Hollandia has been forced to relocate.
Sderot is the first location in Israel to offer WiMAX services, with a WiMAX service for educational institutions initiated on January 8, 2009 by the 012 Smile ISP and the communications ministry.
The Osem plant in Sderot, opened in 1981, is the region's major employer, with 480 workers. 170 products are manufactured there, including Bamba, Bisli, Mana Hama instant noodle and rice dishes, instant soup powders, shkedei marak, ketchup and sauces.
The Menorah Candle factory located in Sderot exports Hanukkah candles all over the world.
Nestlé maintains a research and development facility in Sderot, established in 2002. Its production facilities for breakfast cereals are also located in Sderot.
Amdocs has a plant in the Sderot and an industrial zone is under development.
In 2012, the government approved nearly $59 million worth of economic benefits for Sderot to strengthen the economy, boost employment and subsidize psycho-social programs for the city's residents.
Read more about this topic: Sderot
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)