Wednesday 18 October 2017

Agency has crucial role in attracting investment

THE Industrial Development Agency (IDA) is Ireland's inward investment promotion agency.

It aims to attract overseas investors to set up and develop their business in Ireland by providing grants, funding, advice and other services.

It has regional offices in Ireland and a network of overseas offices in locations including Australia, China, and the US to develop relationships with target investors.

Its new blueprint for attracting foreign direct investment (FDI) into Ireland in the coming decade -- Horizon 2020 -- says FDI is "vital to the success of the Irish economy".

Without it, Ireland would not have more than 140,000 jobs directly created by foreign companies operating here or another 100,000 jobs that support these firms, it says.

It aims to create 105,000 jobs between 2010 and 2014, 50pc of them to be located outside Dublin and Cork.

IDA clients include Intel, Johnson & Johnson, Pfizer, and global service companies such as Google and PayPal.

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