Committee of Public Accounts

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Presentation transcript:

Committee of Public Accounts Martin D. Shanahan CEO IDA Ireland October 5th 2017

Portfolio of Companies Irish Economy Expenditure IDA Ireland Targets 2015-2019 900 Investments 80,000 New Jobs 209,000 FDI Employment by 2019   Target (2015 – 2019) Uplift Investments 900 41% Gross Jobs 80,000 29% Net Jobs 35,000 40% Portfolio of Companies 1,350 13% Cumulative R&D Spend €3bn 20% Irish Economy Expenditure €26.8bn

2016 – Record Employment Growth 6.3%

Performance against Targets 2015&2016

6.3%

IDA Regional Property Development Programme 2015-2019 Athlone - Leased to Aerie Pharma Initially 50 Jobs & €25m investment Sligo Waterford - Sold to Opko Health, 200 Jobs Castlebar Dundalk Athlone Galway 2016 Sligo – Leased to Abbott, €10m Investment Limerick Carlow Castlebar - Active Marketing Waterford Tralee Tralee: Active Marketing 2018 2017 Dundalk AOB Planning approved Limerick AOB In Planning Galway ATB To go to Planning Athlone ATB Carlow AOB Waterford ATB

€18.8bn up 2.4% 80% of corporation tax is paid by MNCs €10bn €3.6bn

Performance in first half of 2017 11,000+ job approvals compared with 9,100 this time last year Same high level of investments secured as this time last year at 114 Industry Sectors: Life Sciences Business Services Technology IFS

Announcements 2017

2017 Investments YTD

93% of IDA clients rank growth prospects as Good or Excellent

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