The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
I was introduced to Ireland and the Irish way of life in 2011, when I started working for IDA Ireland in India. The more I learnt about Ireland, the more the place captivated my imagination. Both, the land and the people of Ireland, fascinated me. A lot has been said about the Irish people. Their warmth, ready wit and friendliness make them one of a kind! I learnt this for myself on my travels to Ireland and and my interactions with the locals there and also through my work colleagues/partners.
Digital disruption powered by nimble startups has bitten at the heels of many large financial organisations but now the banking behemoths are striking back.
Why Ireland is leading the way in the field of the Internet of Things
Ireland, over the last number of years has become a premier international location for the most innovative fashion tech and e-commerce companies in the industry, including Gilt Groupe, Etsy and Overstock.com.
This year SXSW is going to have a strong tint of Green with amazing productions from Macnas, an internationally acclaimed Irish spectacle company creating interactive large scale outdoor public performances, and a presence from many Irish organisations including the IDA Ireland, Enterprise Ireland, Irish Film Board, Culture Ireland, Dublin Start-up Commissioner and many more.
Hear from Alan Mc Glinchey, IDA Ireland, California - Assisting US Technology Companies to Scale Operations in Europe
Foreign direct investment from the West Coast was particularly strong in 2015, with continued investments by new and existing companies across Ireland.
According to all parties in attendance, this year’s Denver Start-Up Week was a resounding success. Over 10,000 community members attended more than 230 events – all of which were completely free and open to registered members of the public. In fact, Denver Start- Up Week is the largest free entrepreneurial event in the US, giving up-and-coming innovators and entrepreneurs the chance to seek advice and inspiration from some of the best in the business.
Last month’s GDP release showed that the Irish economy returned to pre-crisis levels in real terms in 2014. The good news has continued over the rest of the month with a flurry of releases pointing to ongoing improvements in the economy. This month’s Markit/Investec PMI’s show a strong end to Q3 with both the manufacturing and services sector continuing their expansion. The latest unemployment figures put rate at unemployment at 9.5% in August (from 11.1% in Aug 14) while the volume of retail sales were up 9.9% year on year in July. Buoyancy in the economy is showing up in the public finances, with the latest figures showing government revenues up 5.9% in the year to August, with income tax (+6%), VAT (+7.9%) and corporation tax (+38.1%) all contributing significantly.
The democratisation and demystification of data analysis is one of the aims of the Predict Conference www.predictconference.com in the RDS on September 15-17th that brings together the best minds in the worlds of predictive analytics to share how data can enhance better decision making.
This is the last blog that I will be posting from the West Coast as after over four years I will be returning to Dublin to take up a new challenge in IDA HQ. Paraic Hayes, whom many of you will already know, will take over as head of IDA’s West Coast Operations and will continue to provide West Coast insights.
Irish economy back to pre-recession levels. Irish GDP surpassed pre-recession levels in real terms in 2014, with GDP reaching €189bn, compared to €186bn in 2007, growth for the year was revised upwards to 5.2%. This excellent performance has continued into 2015, with year on year growth in Q1 at 6.5%. The growth was broad based with investment, government expenditure, personal consumption and net exports all contributing.
Ireland's Value Proposition for Foreign Direct Investment comprises of 3Ts - Track Record, Talent and Tax; 3Es - Ease of Dong Business, Education and Europe and finally 3Cs - Cities and clusters, Connected Research and Cutting Edge companies
Ireland has a vibrant manufacturing industry and has been punching consistently above its weight in retaining and growing our manufacturing base. Recently the UK government cheered the fact that manufacturing there had increased from 10 to 11% of GDP. The EU average is 15% of GDP. In Ireland, manufacturing represents 23% of GDP and is growing. This is an astonishing statistic in the context of the overall export-led growth in the Irish economy that has been seen in the last two years. For those students considering their future careers, not consider making a career in manufacturing in Ireland.
This post contains thoughts prior to the CAO “change of mind” deadline on 1st July 2015 from IDA Ireland’s Head of Technology, Leo Clancy (who is himself an engineer). In Leo’s role he sees the key trends in technology employment from inside the industry.
When it comes to attracting the world’s best and most efficient data centres, Ireland’s competitive advantages are proving irresistible for the world’s top technology companies, writes Leo Clancy head of Technology, Content and Business Services.
5 Reasons Why Semiconductor companies choose Ireland
The Site Selectors Guild has awarded IDA Ireland with its International Award for Economic Development Organisations.
Udemy Account Manager Linos Owusu-Asare has experienced a lot of company growth since starting as an intern in the summer of 2012. In two and half short years, Udemy has grown from a small 15 person group sharing office space in San Francisco, to a team of 130 employees across three countries. Part of this expansion included Udemy’s arrival in Dublin late in 2014. Linos was a part of the original team that helped set up shop, and here he shares his learnings from the early days in Ireland, building and growing the Udemy Dublin office.
IDA launched its new strategy, Winning FDI: 2015-2019 this month. The strategy is targeting a 40% increase in FDI in Ireland creating 80,000 new jobs in the economy over the next five years. This will be based on an ability to respond to client's needs efficiently, effectively and ahead of the competition. This will build on the current contribution of IDA clients who provide important support to the economy providing 174,448 jobs, exporting €124.5bn worth of goods and services, spending €22.4bn on Irish goods, services and payroll, and spending €1.4bn on R&D.
What happens when you gather three fast-growing companies in a room to discuss globalization? An insightful discussion on the process of building out an international office from different perspectives.
Panel Discussion with Nitro, New Relic and SurveyMonkey.