Tuesday June 2, 2020

Rural areas most affected by loss of IDA-supported jobs

IDA says multinationals cannot be forced to locate in regions outside Dublin

Michael Brennan

Political Editor

29th March, 2020
Robert Troy, who obtained the figures, said they bore out his concern about a “two-tier” system in foreign direct investment

Five rural counties experienced a decline in IDA-supported jobs last year, in a sign of the continued reluctance of multinationals to locate outside Dublin.

The IDA has been successful in attracting foreign direct investment, with the number of people working in IDA-supported companies now up to a record 245,000. The government has said that every “region” has benefited from foreign direct investment-driven employment gains of more than 30-40 per cent over the past five years....

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