US investment in Ireland grew across all sectors in 2019

US investment in Ireland grew across all sectors in 2019

A survey conducted by the American Chamber of Commerce Ireland has found that 73% of US companies In Ireland expanded their teams over the past year.

Almost half said they made a new investment or jobs announcement in 2019, and over eight in ten believe Ireland is a better place to invest today than it was four years ago.
  
The American Chamber of Commerce Ireland, which represents Ireland’s US Foreign Direct Investment (FDI) community, yesterday hosted its annual Thanksgiving lunch in the Clayton Hotel on the Burlington Road in Dublin. An Taoiseach, Leo Varadkar was the Guest of Honour at the event, where Dr. Mary Robinson was the recipient of the 2019 Distinguished Leadership Award.
  
The Chamber says it is more important than ever for Government to present a confident message to the world that the country is open for business. According to the World Bank, Ireland has fallen to 24th place for ease of doing business with declining scores across a number of indicators including starting a business, dealing with construction permits and access to electricity.

At yesterday's event, the Chamber warned that further growth was based on Ireland’s ability to embrace changes in technology and to develop the talent required for these changes. It called on Government to accelerate Project Ireland 2040, as the resolution of infrastructure bottlenecks including housing and roads was urgent.

Speaking at the Thanksgiving lunch, President of the American Chamber of Commerce Ireland 2019 and Senior R&D Director, Hewlett Packard Enterprise, Mark Gantly said, "We are competing for the next wave of investments with many other countries, sometimes from within our own companies, and that competition is fierce and unrelenting. Ireland needs to work harder all the time to maintain its competitive edge, as strengthening our competitiveness is an essential component of future economic success."

He added, "Our location, our position as the only native English speaking country left in the EU, the depth of our talent pool, and our long and proven track record as a base for US companies to trade into EMEA and beyond are all the strengths which Ireland needs to play to."

Source: www.businessworld.ie