Page 19 - Companies Report 2018 public
P. 19

Daroma Tzafona Idan He’Atid
                                                     Founded in 2007

           DaromaTzafona – Strengthening Israel's Periphery, One Business at a Time

           DaromaTzafona's mission is to bring about socioeconomic change to the Negev and the Galilee.

           The company focuses on the industrial business sector, with emphasis on small and medium sized
           businesses involved in export which serve as significant economic growth engines for these
           regions.
           Assistant
           DaromaTzafona was set up by several Israeli industrialists and philanthropists led by Mr. Eitan
           Wertheimer, who serves as company chairman, in cooperation with The Jewish Agency.  Company
           activity is funded almost entirely from contributions from the owners and the Jewish Federations of
           North America through The Jewish Agency.

           What began in 2003 as a company charged with developing strategic plans for the Galilee -- plans
           which were subsequently turned over to the government -- moved on at the end of 2007 to be a
           program for small and mid-size businesses, involving loans, management monitoring, business
           training and consulting programs.

           The company pursues a policy of oversight and measurement of the impact of its activity.
           Company staff regularly visit the businesses to gather data, and these visits serve to measure the
           economic health of the business, identify major difficulties and explore possibilities of additional
           support.

           The company is involved in close to 600 businesses in Israel's periphery. Over 480 of them
           received loans in a total amount of $260 million and they employ in total over 17,600 workers
           and have a total annual turnover of $2.2 billion, 30% of that in exports. The businesses report
           an annual growth of    3%-6% in their businesses activities since DaromaTzafona was
           involved, much higher than the conventional growth average in this sector.

           DaromaTzafona employs 4 people and their main offices are located at Mahanayim in the Upper
           Galilee region and a southern office at Nir Am (Gaza periphery).

           Board of Directors:  The following are the company’s directors:
              Jewish Agency representatives on the board:  Moshe Ashirie, Becky Caspi, Alan Hoffmann, Leah
              Golan.
              Others: Eitan Wertheimer (Chair), Annie Abutbul, Tal Dilian, Nir Gilad.

           CEO:  Giora Baran

               Shares in the company are held as follows:

                         Share Category               Shareholders             Total Shares Issued
                                           Jewish Agency         Trustees
                         Regular                 500               500               1,000



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