Monday 18 December 2017

We'll be world class in business by 2016, says Kenny

Peter Flanagan

Peter Flanagan

THE Government remains on track to be the best small country to do business with in the world by 2016, the Taoiseach said yesterday.

Speaking at an event for the American Chamber of Commerce, Enda Kenny said the Government was committed to making it as easy as possible for foreign companies to invest in and do business with Ireland.

"A year ago there was a degree of uncertainty about where we were going as a country and whether we would remain suitable for investment from elsewhere.

"Since then the Government has made a point of getting out, meeting businesses and getting the message across that we are open for business and ready to work with companies who may come here, and that message has got across.

"There is now a deep sense of trust about where we are as a country and what we are about, and we are keeping the lines of communication between business and government open," he added.

Multiplier

His comments were echoed by Enterprise Minister Richard Bruton, who said jobs created by US firms in Ireland had a multiplier effect on the wider economy.

"More than 4,000 jobs were created by foreign direct investment in the first five months of this year but where those jobs have been created, so too have domestic roles in the support network that grows around companies," he said.

A number of representatives from American companies here said the attraction of Ireland went beyond purely corporation tax.

"The tax is only one factor," said Meliosa O Caoimh, the chief operating officer of Northern Trust Ireland, an IFSC-based financial services firm.

"Companies like Ireland for the talent that's available here but also the stability of the country, and political stability is vitally important in that context," she added.

Her words were echoed by senior managers from Microsoft, Hewlett Packard and the software company EMC.

Irish Independent

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