Since the establishment of the State of Israel, the national government has remained a major player in Jerusalem's economy. The government, centered in Jerusalem, generates a large number of jobs, and offers subsidies and incentives for new business initiatives and start-ups. Although Tel Aviv remains Israel's financial center, a growing number of high tech companies are moving to Jerusalem, providing 12,000 jobs in 2006. Northern Jerusalem's Har Hotzvim industrial park and the Jerusalem Technology Park in south Jerusalem are home to large Research and Development centers of international tech companies, among them Intel, Cisco, Teva Pharmaceutical Industries, IBM, Mobileye, Johnson & Johnson, Medtronic and more. In April 2015, Time Magazine picked Jerusalem as one of the five emerging tech hubs in the world, proclaiming that "The city has become a flourishing center for biomed, cleantech, Internet/mobile startups, accelerators, investors and supporting service providers."