Winning Foreign Direct Investment Annual Conference 2018 Michael Lohan Head Lifescience & Strategic Property IDA Ireland Video https://youtu.be/FxWvrzB5-UE
Competitive Environment Michael Lohan IDA Ireland
IDA Ireland – Global Reach
Portfolio of Companies Irish Economy Expenditure 900 Investments 80,000 New Jobs IDA Ireland Targets 2015-2019 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
IDA Performance in 2017 5
Some Announcements from 2017
What todays Investors Seek Talent World Class Infrastructure: Access, energy, telecoms Environment and waste Property solutions Business services Attractive lifestyle and amenities Clusters of similar and supporting services Open Innovation Competitiveness Certainty and Clarity Connected Ecosystems
Ireland’s Marketing Proposition
Collaboration - Team Ireland Competitiveness Pro-Business Policies
Impact - Jobs announcements in Mid-West 23 announcements over past 2 ½ years creating 3,500 new jobs
IDA Advanced Building Solutions Sligo Aerie Pharma Opko Health Castlebar Dundalk Athlone Galway Abbott Limerick Carlow 2017 Plans Waterford Tralee Dundalk AOB Tender stage Limerick AOB Contract Awarded Waterford ATB Contract Award Stage Galway ATB Tender Stage
Take Away Ireland’s key assets are our people: 1st in the World for flexibility & adaptability of workforce1 1st in the World for a national culture that is open to foreign ideas1 1st in the World for availability of finance skills1 2nd in the World for attitudes toward globalization1 3rd most productive workforce in the world1 We consistently rank amongst the best countries in the World to invest and do business in Best Country in Western Europe to invest in 2016 3 1st in EU for ease in starting a business4 4th best country in the world to do business in 20165 1st in the World for inward investment by quality and value2 1st in the EU and 6th in the world for the ease with which business can pay its taxes4 Advocates for STEM and related career opportunities 1.IMD Competitiveness Yearbook 2017 2.IBM Global Location Trends Report 2016 (per capita) 3.Global Best to Invest Report, Site Selection, May 2015 4. The World Bank Doing Business 5. Forbes “Best Country in the World to do Business 2016” (Sweden #1, New Zealand #2, Hong Kong#3)
Thank You To learn more log on to idaireland.com +353 1 603 4000 idaireland@ida.ie Thank You