In the process, the area has attracted a number of high-tech firms - and the jobs they come with.

"It's not enough simply to build a science park and expect, like a field of dreams, for high-tech firms to come," she said.

By hiring them from our own high-tech firm over there, we actually got visas and work permits.

Waterloo has a strong technology sector with hundreds of high-tech firms.

"I now work with several high-tech firms here and I know others that want to move in."

There is full employment, with thousands of new jobs in high-tech firms.

But as many subsequent high-tech firms have learned, success can lead to financial disaster.

The town houses a growing number of light industrial and high-tech firms.

A huge business park called Valdelacasa for high-tech firms is being built.

It was the first Israeli high-tech firm, and at its peak employed 4,000 people.