The Israeli economy is in an age of change. It is changing at a fundamental level from labor-intensive, low technology industries to cutting edge high technology products aimed for export markets. Now that Israel is a major source of innovation, technology has become a source of significant connections with Silicon Valley. Major activities between the US and Israel are growing, and the trend, particularly with Silicon Valley, is now stronger than ever. What are the major kinds of ties between Israel and Silicon Valley? And what factors are driving the economic activities in Israel? Yishai Laks holds the position of the Government of Israel's Consul for Economic Affairs for the United States Northwest region (including Northern California, Alaska, Washington, Oregon, Wyoming, Idaho, and Montana). From his headquarters in Santa Clara, California, Mr. Laks directs all aspects of economics relationships between the region and Israel, assisting US companies in establishing investments, joint ventures, and trade relationships with Israel and Israeli companies. Prior to this appointment, Mr. Laks served as Economic Advisor to the Director General in Israel's Ministry of Industry and Trade from 1994 to 1997. During his tenure, he advised the Director General on all aspects of the Ministry tasks and work. From 1992 to 1994 Mr. Laks was in charge of the trade between Israel and the East European and EFTA countries at the Foreign Trade Administration. Mr. Laks received his B.A. and M.B.A. from Tel-Aviv University, Israel emphasizing in Marketing and International Management.