State-ment of intent: Ambassador encourages investment in the US
The US Ambassador to Ireland, Edward F. Crawford, has encouraged Irish businesses to continue investing in the US and said that it should be their number one destination when considering future investment opportunities.
Ambassador Crawford was speaking at the 'Invest in the United States' seminar at law firm William Fry this morning - his first event on Irish inward investment into the US since taking office in July.
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Over 150 delegates from across Irish industry received practical advice on investing in the United States, navigating the challenging US immigration landscape, and how to position their company to access funding. Alongside panellists from the US Embassy, there were also contributions from William Fry Enterprise Ireland, Silicon Valley Bank and SoftCo.
Speaking in William Fry's Grand Canal headquarters, Mr. Crawford told delegates: "America is still the best place for Irish companies to invest in their future".
Despite Brexit uncertainty and global geopolitical tensions, Irish investment in the US is at an all-time high with 800 Irish companies employing an estimated 100,000 people across the United States.
Irish foreign direct investment to the U.S. is valued at $146bn for 2019. Similarly, US investment in Ireland is also at record levels with over 155,000 people directly employed in 700 American firms across the country.