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IDA must address regional disparities in Foreign Direct Investment – Cullinane

17 July, 2013 - by David Cullinane TD


Sinn Féin Seanad spokesperson for Jobs, Enterprise and Innovation Senator David Cullinane has welcomed the Annual Report by the IDA.

Speaking today Senator Cullinane said;

“Without a doubt the IDA has performed well at attracting and maintaining employment. Winning and sustaining jobs in an economic down turn is a huge challenge. These must be won on the basis of the skills of our people, our environment and our competitive advantages. It cannot and should not rely on issues such as tax avoidance or highly mobile jobs.

“There is more to do to ensure that FDI makes a maximum impact on unemployment across the state. There is a need to balance the distribution of FDI investment across regions. The IDA set a target of achieving 50% of investment outside of Cork and Dublin. In previous years they have failed to achieve this target. I hope this important issue has been addressed in the latest report.”

ENDS

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