Mar16Tue

Ireland ranks #9 in Foreign direct investment into US economy

Ireland foreign direct investment into the  United States hits $225.5 billion; 110,000 people employed by Irish companies in the United States

Washington, DC — March 15, 2021 — Enterprise Ireland, the Irish government agency for the international development of Irish firms, reports employment by Irish businesses in the United States has reached 110,000 and foreign direct investment from Ireland into the United States economy hit $225.5 billion* — ranking Ireland in the top nine investment sources to the United States. The strong performance of Irish businesses in the United States was accelerated by resilience and preparedness developed in response to the 2016 Brexit referendum. Additionally, Ireland’s considerable strengths in life science and construction, engineering, smart energy, smart city and digital technology enabled Irish firms to support the U.S. government and business roll-out of COVID-19 remediations. According to an OECD report, Ireland is fifth in the world for the export of COVID-19 related products and services and 6th in the global market of countries responding best in terms of innovation to the pandemic.

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Mar10Wed

Irish Echo 40 Under 40

Click to read The Irish Echo’s special edition on the 2021 40 Under 40. Congratulations to our member, Michael O’Rourke of PA DCED, on being included this year!

Feb15Mon

IDA figures show US-Irish FDI helps nation through Covid

IrishExaminer.com

Despite a year of unprecedented challenges dealing with a worldwide pandemic and Brexit, IDA Ireland announced 246 new investments in Ireland in 2020 and the creation of 20,123 new jobs. The US accounted for 67% of these investments coming from companies based in North America – the highest number yet up from 63% in 2019.

“In the context of the Covid-19 global pandemic the FDI sector has shown huge resilience and its performance is remarkable,”  said Martin Shanahan, CEO, IDA Ireland.

The results, he said, “show the continued attractiveness of Ireland as a destination for companies seeking to invest”.

 

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Jan08Fri

News from IDA Ireland

IDA Ireland secured 246 new investments last year despite Covid-19
RTE

The number of jobs created at IDA Ireland-backed companies continued to grow last year, despite Covid-19.

In its annual statement the agency, which attracts foreign companies to locate in Ireland, said it had secured 246 new investments which created 20,123 new jobs.

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