IDA Ireland

This week, our CEO Michael Lohan, joined Adrian Weckler on Irish Independent 'The Big Tech Show' podcast to discuss the current outlook for attracting foreign investment to Ireland. "There has been a marked change in the type of activity that’s happening within the #FDI base. If you look over the last 10-year cycle, the R&D investment within our client base has increased by almost 400pc, up to €7bn today" - CEO IDA Ireland, Michael Lohan. You can listen to the full podcast here: https://lnkd.in/ds-w_x2e #InvestInIreland #InvestInExtraordinary #Podcast

In November 2023, we unveiled our first #rebrand in over 40 years, designed to better reflect the digitally advanced landscape in which IDA Ireland now operates and our steadfast commitment with multinational clients and national stakeholders in a digital age. We are delighted to announce that 100 Archive, which honours the best design projects from the Irish design community each year, has recently recognised our rebrand and custom typeface among the top 100 design initiatives of 2023. The new corporate logo and custom typeface, with a modern Irish aesthetic, embody the vibrant and innovative country we represent. These results present #Ireland as a powerhouse for foreign direct investment, positioning us at the forefront of change and progress, committed to developing a thriving digital and sustainable Ireland for future generations. Learn more about ‘’Brand Refresh for IDA Ireland’’ Award here: https://lnkd.in/eM99D2MT Learn more about “Sonas Sans – Custom Typeface Design for IDA Ireland” Award here: https://lnkd.in/eiC8HNXp #InvestInExtraordinary #InvestInIreland

Ireland is home to six of the top ten #cybersecurity software companies. According to Cyber Ireland, the Irish cybersecurity workforce is expected to grow by an additional 10,000 jobs by 2030, contributing up to €2.5 billion annually in gross added value. The country has seen and continues to see growth in cyberskills micro-credential programs, enabling candidates to pursue highly focused upskilling and reskilling to meet niche labour market needs. In 2020, the Irish Universities Association (IUA) was awarded €12.3 million through the country’s Department of Further and Higher Education to become the #first European country to establish a national framework for nationally accredited micro-credentials. You can read more in Anne-marie Tierney-Le Roux's article here: https://lnkd.in/dmyHX485 #InvestInIreland #InvestInExtraordinary

“South Korea’s strong presence in the biopharmaceutical and semiconductor sectors positions it as a key partner for Ireland,” says Derek Fitzgerald, Director of Japan & Korea at IDA Ireland, in an interview with 조선비즈 CHOSUNBIZ at the Embassy of Ireland in Seoul. The interview highlights the potential collaboration between #Ireland and #Korea, emphasising Ireland’s ambition to become a hub for R&D innovation for Korean companies. Read more here: https://lnkd.in/e-RKsMH6 #InvestInIreland #InvestInExtraordinary

The IDA Ireland team, along with Minister for Enterprise, Trade and Employment, Peter Burke, have just completed a successful week long Trade Mission to New York and Boston where they highlighted Ireland’s offering as a stable, pro-business environment for US companies to grow their business. The delegation concluded the week in #Boston with a series of meetings with C-Suite executives from some of the most innovative companies in the world, such as Analog Devices, Boston Scientific, and State Street, who are already significant employers in Ireland.   “2024 marks the centenary of the economic relationship between #Ireland and the #UnitedStates. This trade mission was an opportunity to highlight how IDA Ireland is partnering with clients on delivering competitiveness-enhancing, transformative investments with a focus on R&D, digitalisation, sustainability, and talent development” – Michael Lohan, CEO IDA Ireland.” #InvestInIreland #InvestInExtraordinary #TradeMission #Semiconductor #MedTech #FinancialServices

PennEngineering®, a global leader in innovative fastening solutions, has announced the expansion of its operations located in #Galway City, Ireland. This significant extension is set to create 70 new jobs over the next five years, in support of the company's commitment to growth and community development. “Our long-standing partnership with Ireland and IDA Ireland spans over 20 years, and their support has been invaluable in fostering the growth and development of our business in Europe” - Peter George CEO of PennEngineering. You can read more here: https://lnkd.in/e52xAE7F #InvestInExtraordinary #InvestInIreland #Engineering

Beckman Coulter Diagnostics, the largest employer in East Clare and among the largest in Ireland, has today announced a €10 million #investment that underscores its commitment to innovation and growth in the region. The company is actively hiring for 50 open roles and also announced 30 additional jobs. The investment will enhance Beckman Coulter’s world-class diagnostics production with the addition of two new fully automated reagent filling lines and upgrades to the site’s infrastructure, boosting both efficiency and capacity. Beckman Coulter’s economic contribution is highly significant to East Clare and the wider Mid-West region thanks to the 550 plus #jobs it provides in its facility. Employment at the site is anticipated to rise to 600 jobs, with headcount figures having almost doubled since 2018. You can read more here: https://lnkd.in/eB6CvCM8 #InvestInIreland #InvestInExtrardinary

PepsiCo, a global food and beverage leader, hosted Minister for Enterprise, Trade and Employment, Peter Burke and IDA Ireland CEO Michael Lohan at their HQ in Purchase, New York yesterday as part of the Irish government #TradeMission to the US East Coast. The meeting centred on PepsiCo's positive impact on job creation in Ireland and the continued investment in their three facilities in Cork at Little Island, East Gate, and Carrigaline. PepsiCo commenced operations in Little Island, #Cork in 1974 and now employ over 1,250 people in Ireland across its three sites. In 2023, the company announced a €39 million expansion of its manufacturing facilities at its Little Island site which followed the completion of a €127 million investment at the same site and the adjacent R&D facilities. #InvestInIreland #InvestInExtraordinary

For over a century, IBM has pioneered ground-breaking technologies, from the IBM mainframe to Artificial Intelligence (#AI), and now, Quantum Computing. This week, Ireland’s Minister for Enterprise, Trade and Employment, Peter Burke, alongside IDA Ireland and Enterprise Ireland, had the privilege of visiting the IBM Quantum team at the IBM Thomas J. Watson Research Centre in Yorktown Heights, NY. There, they met with Dr. Dario Gil and Dr. Jay Gambetta, who are leading IBM’s development of our Quantum Computing future. IBM’s longstanding presence in Ireland continues to grow, with a recent announcement of a transformative investment in IBM Ireland set to create up to 800 high-value tech #jobs in Dublin, Cork, and Waterford. Read more here: https://lnkd.in/ekvKUmNa #InvestInIreland #InvestInExtraordinary #IBM

As part of this week’s #TradeMission to the United States, our CEO Michael Lohan and Minister for Enterprise, Trade & Employment, Peter Burke, had a meeting with the J.P. Morgan team at their #NewYork headquarters. Engaging discussions with Lori Beer and John Stucker focused on the innovation economy and the pivotal roles of cloud, cybersecurity, emerging technologies like quantum computing and AI, and digital talent.   Established in Ireland in 1968, J.P. Morgan is now one of the largest providers of commercial banking services, custody, and fund services in the country, employing over 1,500 people across Dublin and Cork. In 2018, they opened their new office in the Capital Dock building in Dublin. We deeply value our long-term partnership with J.P. Morgan and appreciate their significant contributions to the Irish enterprise sector. Their leadership and commitment have played a crucial role in fostering innovation and growth within our financial services industry. Marc Hussey, Keith Newton, John Newham #InvestInIreland #InvestInExtraordinary