Cullinane welcomes growth in indigenous employment and export
Sinn Féin Senator David Cullinane today welcomed the growth in employment and exports recorded by Enterprise Ireland supported businesses last year.
Senator Cullinane said:
“Given the challenges the economy and our businesses face, the work of Enterprise Ireland is vital in creating sustainable indigenous jobs. While foreign direct investment (FDI) takes much of the limelight it is the work of local businesses that create jobs on the ground and across the state.
“For each job created by an Irish company 1.3 posts are sustained in the economy, while for FDI the number is only 0.7. Also, industries supported by Enterprise Ireland provide employment across regions, while FDI is concentrated in the large urban centres. The indigenous sector provides 78% of employment, compared to 22% in FDI.
“It is clear that real, sustainable job growth across all regions will be driven by the indigenous sector. The government needs to prioritise policy and resources to support this sector and SME’s across the regions.”