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Tag Archives: Foreign Direct Investment

FDI companies employ almost 19,900

IDA IRELAND has announced the highest level of employment in its client companies in its history. Total employment in overseas companies, according to the Government agency responsible for attracting foreign direct investment (FDI), now stands at 199,877 people.   IDA client companies created just under 19,000 (18,627) jobs on the ground during the year across a range of sectors, with every region of Ireland posting net gains in jobs. THE IDA has completed two years of its five year strategy, Winning: Foreign Direct Investment 2015-2019 – with the latest results indicating a strong performance by the organisation towards delivering its 2019 target of 80,000 new jobs and 900 investments. The performance was produced against a background of unprecedented geopolitical changes, an underperforming European economy and intense competition from other jurisdictions for foreign direct investment. A record number of investments secured during the year rose to 244 from 213 in the previous year. The number of new name investments went to …

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New investment forecast for Clare

OVER the last decade, Clare has received very little Foreign Direct Investment (FDI), but that is likely to change in the next two years, according to Shannon Group CEO, Matthew Thomas. Mr Thomas, who was appointed in May, said there is now plenty of interest in investing in the Mid West, with results likely to be seen in 2017 and 2018. At the launch of the upgraded Bunratty Castle and Folk Park, Mr Thomas noted, “In my short time as CEO, there have been some very exciting enquiries. It is an uncertain world we are living in with Brexit and global political events at the moment. People are a bit nervous but we would be very hopeful that there is more FDI coming, if not in 2017, in 2018.” While Shannon Group has a large property portfolio right across the Mid West, the Free Zone is its top priority for now. “I think our immediate focus is on developing the …

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MEP calls for online skills database

MEP Sean Kelly has called for the establishment of an online local skills database to promote Irish rural locations like Ennis, with a view to increasing the geographical spread of Foreign Direct Investment (FDI). “In order to encourage a more regional spread of FDI in Ireland, we need to promote the advantages of our regions and the educated workforce people based there,” said Mr Kelly, who is MEP of the Year for Research and Innovation. He noted how an excellent initiative running in the US State of Indiana provides a working example of how Ireland could launch a skills database. “The Indiana Economic Development Corporation launched a website which provides prospective investors/business owners with a quick search facility listing population, percentage of people with degrees and other useful statistics for each town/region.So if we were to launch that service in Ireland, an investor could easily examine the possibility of locating a business in Ennis, for example. “We already have a …

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