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Tag Archives: Ibec Mid West and Kerry president

IBEC seeks greater support from councils

The new Ibec Mid West and Kerry president, Pat Keating has said doing business locally should be less taxing and the Mid West’s local authorities should support local economic growth. In an outline of the commercial rates paid in the region, he said Clare businesses paid €42 million or 39% of the local authority budget. Mr Keating, who is CEO of Shannon Foynes Port Company, was elected for a two-year term at Ibec’s Mid West AGM held in the Castletroy Park Hotel, Limerick this week. He said, “Businesses are the main source of income for our three local authorities. Commercial rates hit SMEs hardest because they generally represent the four biggest outlay for small businesses, after labour costs and rents. In the Mid West, local business pays €156 million or nearly 29% of the combined budget for region.” The breakdown of commercial rates paid by local business for each authority area in the Mid West is: Limerick: €54 million or …

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