MOUNTAIN VIEW (CBSLA.com) — California Gov. Jerry Brown and Israeli Prime Minister Benjamin Netanyahu will meet next week in the heart of the Silicon Valley to sign what officials say is a historic agreement that expands the state’s partnership with Israel on economic development, research and trade.

The March 5 meeting at the Computer History Museum in Mountain View, Calif., is expected to help boost economic, cultural and academic ties between California and Israel, with an emphasis on water conservation, alternative energy, cybersecurity, and other issues, according to a statement from Brown’s office.

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Under terms of the agreement, Israeli companies will be able to access California’s Innovation Hubs (iHUB), an innovation network that includes 16 clusters of research parks, technology incubators, universities and federal laboratories, together with economic development organizations, business groups and venture capital funds, officials said.

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In addition to his meeting with Brown, Netanyahu is also expected to meet with heads of Apple, Linkedin, Ebay and other firms, according to the Consulate General of Israel in Los Angeles.

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Netanyahu’s visit will follow a scheduled meeting with President Barack Obama at the White House on March 3 as well as a stopover in Los Angeles to meet with Israeli business partners, according to reports.