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Wednesday 16 October 2019

Connections pay off with 170 new jobs

Peter Flanagan

THE networking skills of an auctioneer have helped bring 70 jobs to the country.

Canadian engineering firm Mafic is to set up a manufacturing plant in Kells to make Basalt Fibre, which is used in the aerospace industry and elsewhere.

It announced 70 jobs yesterday, while Aztec Money, which is aimed at providing small and medium enterprises with institutional investors as an alternative form of finance, said it will take on 100 staff in Dublin over the next two years.

Mafic was planning to expand but had no intention of coming to Ireland until Meath man Hugh Morris got in touch with a director at Mafic's European division, Brian Dougan. Mr Morris in turn put Mr Dougan in touch with Connect Ireland and the IDA. Now the company will open its doors this autumn.

The Connect Ireland scheme was set up last year and is the brainchild of Taxback.com founder Terry Clune. The scheme is based on a referral system where a member of the public can refer a company to create jobs here and is then eligible to a "founder's fee" of as much as €1,500 per job.

Irish Independent

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