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Thursday 9 February 2023 Dublin: 6°C

# FDI

This week
5th February 2023 - 9th February 2023
# Investment
Coveney to travel to US West Coast to speak to industry leaders
Coveney will hear from enterprise leaders and highlight Ireland’s value as a location for foreign direct investment.
All time
# Feature
2019 was a solid year for foreign direct investment but what does 2020 have in store?
Talent and tax changes could be issues as Ireland looks to stay as the multinational destination of choice.
# IDA Ireland
More than 55 Brexit-related investments were won by Ireland in 2018
The investments added more than 4,500 Irish jobs as employment numbers rose.
# welcome to ireland
IDA boss: 'I don't believe the housing crisis has cost us any investments or jobs'
IDA boss Martin Shanahan said the rental and housing crisis in Ireland is at “pinch point”.
# Jobs Jobs Jobs
The IDA says more people in Ireland are working for its clients than ever before
Job losses within IDA companies were at their lowest level since 1997 – but it doesn’t expect that trend to continue.
# FDI
The UK wants to bring in the lowest corporate taxes of any major country
Significant cuts to UK and US corpoate taxes are seen as direct threats to Ireland’s industrial strategy.
# Cameron
170 jobs to go at Co Longford factory
Cameron Ireland Ltd has said “with great regret” that manufacturing, assembly and test activities at its Longford plant are “potentially” set to cease.
# factcheck
FactCheck: Does Ireland really lead the world for skilled labour?
The Taoiseach made an interesting claim in the Dáil this week. Is it true?
# factcheck
FactCheck: Does Ireland really have the "highest education" in Europe?
Junior Minister Eoghan Murphy made an effort to impress international viewers on CNBC this week. But did he over-state the case?
# Investment
Vast majority of IDA jobs in Dublin and Cork as rural counties fall behind
Newly-released figures show the vast amount of IDA-supported jobs are created in Dublin.
# factcheck
FactCheck: Is Apple really the "largest taxpayer in Ireland"?
The company’s CEO Tim Cook made the claim this week, and Michael Noonan repeated it. We checked it out.
# factcheck
FactCheck: How many people actually work for foreign companies in Ireland?
We heard all kinds of numbers from several politicians this week. FactCheck gets to the truth.
# IDA
50 jobs for Dublin as Fitbit sets up European headquarters
The headquarters will be home to the strategic business functions for the region.
# lost jobs
"Crying, frustration, devastation" - eBay staff react to announcement of Dundalk closure
It’s anticipated that eBay is to close its operations in its Dundalk facility in the second quarter of 2017.
# Office space
Ireland relies heavily on foreign companies, and right now we've nowhere to put them...
There is hardly any vacant office space in Dublin which may put foreign investors off moving here a new report has found.
# Migrants
Dozens of investors get Irish residency for pumping money into the economy
As many as 400 jobs have been created as a result of the Immigrant Investor Programme.
# Your Say
Poll: Are ministers' St Patrick's Day trips worth the money they cost?
More than €700,000 was spent between 2011 and 2014 sending ministers on trips for the national holiday. How do you feel about it?
# New Gaff
Lack of office space a real headache for companies looking to set up shop
And for the office space already there, the price is going keep going up and up.
# Watch Out
Northern Ireland may soon be allowed set its own corporation tax
This would mean Northern Ireland could match our very attractive 12.5% rate. Let the games begin…
# WORRIED
A Labour senator thinks Ireland has become a lawless utopia in the past week
Lorraine Higgins is worried that water protests and other incidents will damage Ireland’s ability to attract foreign direct investment.
# Double Irish
Remember Bono said he helped bring Google and Facebook to Ireland? Well, he did
He has connections, and the IDA uses them.
# quick fix
Is attracting more foreign companies to Ireland really a recipe for growth?
In the run-up to Budget 2015, Dr Daragh McGreal looks at the benefits and pitfalls of foreign direct investment.
# the more the merrier
Here's how Richard Bruton plans to create 7,000 jobs a year in multinational companies
We will be “competing to win”, the Minister said.
# bright future
Majority of indigenous tech companies expect revenue to grow
Over 81 per cent of companies said they were more confident about their business than they were three months ago.
# Tax Havens
Ireland second to Bermuda as 'conduit' for taxable income of US multinationals - IMF staff paper
Corporate tax avoidance is bad for the global economy, paper reports.
# welcome
FDI companies love doing business here - and not just for our corporation tax rate
Companies said the access to Europe was a critical factor in relation to their priorities for setting up shop here.
# Jobs
Dublin-based companies have had €200 million worth of IDA backing, Laois has had €380,000
And other counties are lagging behind as well.
# Kerry
American university looks to open $1m campus in Dingle
Sacred Heart University is looking to expand its presence in the area.
# FDI
Engineers say EirGrid project will be 'key to economic prosperity'
EirGrid know what they’re doing and have ‘some of the best engineers in the world’ working with them, Engineers Ireland has said.
# Action Plan for Jobs
Percentage of foreign investment outside Dublin and Cork falls three years running
A government and IDA Ireland target to get 50 per cent of all foreign direct investment in areas outside of the two main urban centres has been dropped from the Action Plan for Jobs.
# FDI
Total foreign direct investment into Ireland increased to €258 billion
Ireland had a net surplus of €31 billion in foreign direct investment in 2012.
Voices
Aaron McKenna: Irish people are losing out on jobs because we are not multilingual
The new jobs on offer are not beyond the capabilities of our people, but there is one thing we are lacking – a proficiency in foreign languages, writes Aaron McKenna, who says we should try and rectify this for future generations.
# Jobswatch
75 new regional jobs created through reward scheme
The new jobs will be made by three companies across Portarlington, Kinvara and Co. Longford.
# Investment
IDA-backed companies created 12,722 jobs last year
The government agency responsible for foreign investment says its client companies added a net total of 6,570 jobs.
Voices
Column: It’s time to examine our corporate tax rate
We’re regularly told that “everything is on the table” for the Budget, writes Michael Taft. So what about corporation tax?
Voices
Column: How Obama’s policies may hurt investment in Ireland
Ireland’s foreign direct investment is at risk under Obama’s tax proposals. We should be worried, writes Dr Tom Flavin.
Voices
Aaron McKenna: We know Ireland has talent – why stop it from growing?
Ireland’s ‘knowledge economy’ is actually waiting to happen, writes Aaron McKenna.
# Trade
Ireland's trade to grow 125 per cent by 2026: report
HSBC is forecasting strong growth for Ireland’s trade, particularly in key sectors like pharma and agri-food.
# Economy
Burton defends government's jobs record, says economy is in 'transition'
The Social Protection Minister claimed that the jobs initiative had boosted tourism numbers. Yesterday, the CSO said that there were fewer visits to Ireland in the first quarter of 2012.
# Building
1,500 building jobs to be created over next two years
Hundreds of jobs will be created in the construction industry over the next couple of years as a result of recent announcements for foreign direct investment in Ireland, the Industrial Development Authority has said.