Record number of people working at IDA companies

//Record number of people working at IDA companies

Record number of people working at IDA companies

Over 100 new investments were made into Ireland by foreign companies during the first six months of this year.

According to IDA Ireland, the combined investments will lead to the creation of 8,000 jobs this year and in future years. 

Delivering an update on its work for the first half of 2014, the foreign direct investment agency said 40% of the investments secured during the period came from companies investing here for the first time. 

Locations benefiting from the investments include Dublin, Limerick, Dundalk, Athlone, Galway and Mayo.

Those announcing investments during the period include Intel, Tyco, IBM, PayPal, Airbnb, Johnson & Johnson, SAP and Adroll. 

IDA Ireland also released its annual report for last year, which shows that by the end of December, there were 161,112 people working for 1,100 IDA client companies – a record for the foreign direct investment sector here. 

Together they export almost €121 billion of goods and services each year, and spend €12.5 billion in the Irish economy. 

The IDA said the second half of the year looks promising, particularly in relation to first time investments. 

“There remain significant economic challenges at home and abroad, but Ireland remains an attractive location for dynamic global companies and this was evident in the first half of the year,” said outgoing IDA chief executive Barry O’Leary.  

“Ireland’s FDI proposition is aimed at sectors where growth is continuing despite challenges in the global economy, and that should provide strong momentum in the second half of the year, with the pipeline looking encouraging,” Mr O’Leary stated. 

“An increasing focus on Ireland’s value proposition will ensure Ireland continues its position as one of the leading countries in the world for winning FDI. With so much growing competition for FDI the need for differentiation is constant,” he added. 

RTÉ News – Business Headlines

By | 2014-07-07T11:07:28+00:00 July 7th, 2014|Business|0 Comments