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Committee of Public Accounts
Martin D. Shanahan CEO IDA Ireland October 5th 2017
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Portfolio of Companies Irish Economy Expenditure
IDA Ireland Targets 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
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2016 – Record Employment Growth
6.3%
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Performance against Targets 2015&2016
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6.3%
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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
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€18.8bn up 2.4% 80% of corporation tax is paid by MNCs €10bn €3.6bn
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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
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Announcements 2017
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2017 Investments YTD
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93% of IDA clients rank growth prospects as Good or Excellent
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