IDA predicts job creation boost
More jobs will be created in 2008 despite a slowdown in sectors of the economy, the IDA said today.
The industrial development agency created 9,200 jobs last year – a drop of 2,000 on 2006 – and invested €2.3bn in new projects.
Newly-appointed chief executive officer, Barry O’Leary said Ireland was very well positioned to win further foreign investment in 2008.
“The excellent investment achievements accomplished in 2007 continue the economic transformation of Ireland into a leading 21st century knowledge economy.
“I am confident we can look forward to securing new projects, investments, R&D operations and some broader research collaborations for Ireland again in 2008,” he added.
The IDA’s End of year Statement said it would target key sectors such as pharmaceuticals, biopharmaceuticals, medical technologies, international services, information and communications technology (ICT), financial services and digital media.
Mr O’Leary said IDA firms currently accounts for over 136,000 jobs or 42% of industrial and financial employment in the economy.
The average salary from IDA-supported posts in 2007 was almost €44,000 or 19% above the average industrial wage of €36,800.
During 2007, the IDA successfully concluded negotiations for 114 new investments, 40% of which were R&D-related.
One third of projects came from non US corporations which Mr O’Leary said demonstrated the global appeal of Ireland.
A total of 64% of investments in 2007 were located outside of Dublin.
Mr O’Leary added: “IDA has performed particularly well during 2007 and we can be confident that Ireland is well positioned to secure leading new investment projects during 2008.
“With the commitment of business and regional communities to work together towards a shared goal of economic development, we will continue to secure new investment and support both Ireland’s economic evolution and balanced regional development.”
