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• IDA strategy targets 105k jobs by 2014

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  Helena Deane    Group moderator

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  IDA strategy targets 105k jobs by 2014

  March 02 15:26:27
  
  An ambitious new strategy document from the IDA today said it is targeting 105,000 new jobs from foreign direct investment (FDI) by 2014.
  
  This will see around 640 individual new investments in the country with half of these to be located outside the urban areas of Dublin and Cork.
  
  The IDA is also targeting an annual spend in excess of E1.7bn in research , development and innovation by 2014.
  
  "Horizon 2020" is the IDA's strategic blueprint for attracting Foreign Direct Investment (FDI) into Ireland in the coming decade.
  
  Tanaiste, Mary Coughlan, said the initiative is an integral part of the Government's Smart Economy policy noting that, "Within the Irish economy, foreign direct investment has been, and will continue to be, a catalyst for our national prosperity. FDI companies create hundreds of thousands of high-quality jobs, both for the employees of the investing companies and in the firms, including indigenous firms, that provide them with goods and services. Securing such investments can also play a pivotal role in rejuvenating part of a city, a town or region were employment opportunities are limited."
  
  She said that the continued attraction of sustainable foreign direct investment is critical to ensuring Ireland's economic recovery and that 'Horizon 2020' sets out a compelling argument for the need for ongoing 'transformation' in our approach to secure leading FDI here. She said that this 'transformation' included: within the existing FDI companies located in Ireland; within IDA Ireland itself; in how Ireland markets itself abroad; and in the way all stakeholders collaborate to ensure Ireland secures these investments. Barry O'Leary CEO, IDA Ireland speaking at the launch said "Horizon 2020 marks the first time that IDA has published its strategic thinking in this way. This strategy document articulates our view of the next decade's significant future changes. It outlines the results of a detailed analysis of global mega-trends, economic geopolitical changes and technology roadmaps from which we have outlined the goals Ireland needs to set to capitalise on the opportunities that they represent." He added "IDA recognises that the ambitious goals set out in 'Horizon 2020' necessitate a deeper and broader engagement of all stakeholders requiring public and private sector partners working together in new ways to bring this to fruition".
  
  (Bizworld)
  
  • 02 Mar 2010, 8:14 pm
  Helena Deane wrote: > March 02 15:26:27 > > An ambitious new strategy document from the IDA today said it is > targeting 105,000 new jobs from foreign direct investment (FDI) by > 2014. > > This will see around 640 individual new investments in the country > with half of these to be located outside the urban areas of Dublin > and Cork. > > The IDA is also targeting an annual spend in excess of E1.7bn in > research , development and innovation by 2014. > > "Horizon 2020" is the IDA's strategic blueprint for attracting > Foreign Direct Investment (FDI) into Ireland in the coming decade. > > Tanaiste, Mary Coughlan, said the initiative is an integral part of > the Government's Smart Economy policy noting that, "Within the Irish > economy, foreign direct investment has been, and will continue to be, > a catalyst for our national prosperity. FDI companies create hundreds > of thousands of high-quality jobs, both for the employees of the > investing companies and in the firms, including indigenous firms, > that provide them with goods and services. Securing such investments > can also play a pivotal role in rejuvenating part of a city, a town > or region were employment opportunities are limited." > > She said that the continued attraction of sustainable foreign direct > investment is critical to ensuring Ireland's economic recovery and > that 'Horizon 2020' sets out a compelling argument for the need for > ongoing 'transformation' in our approach to secure leading FDI here. > She said that this 'transformation' included: within the existing FDI > companies located in Ireland; within IDA Ireland itself; in how > Ireland markets itself abroad; and in the way all stakeholders > collaborate to ensure Ireland secures these investments. Barry > O'Leary CEO, IDA Ireland speaking at the launch said "Horizon 2020 > marks the first time that IDA has published its strategic thinking in > this way. This strategy document articulates our view of the next > decade's significant future changes. It outlines the results of a > detailed analysis of global mega-trends, economic geopolitical > changes and technology roadmaps from which we have outlined the goals > Ireland needs to set to capitalise on the opportunities that they > represent." He added "IDA recognises that the ambitious goals set out > in 'Horizon 2020' necessitate a deeper and broader engagement of all > stakeholders requiring public and private sector partners working > together in new ways to bring this to fruition". > > (Bizworld)