Israel And Akron, Ohio Sign Water Tech Agreement

March 4, 2015 | The mayor of Akron Ohio Don Plusquellic announced that the American city had reached a tentative agreement with five Israeli water tech companies with the goal of making the city an exclusive partner for Israeli water research in America. The plan, which is reportedly worth $5 million, has not been entirely formalized but would provide up to $500,000 in investments in five water companies or equivalent in-kind help. The companies would make an investment of $3.5 million in local water research in exchange for the municipal investment. The water technologies that are included in the agreement at Mekorot, Technion water initiatives and MemTech, among others.