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Adams welcomes Louth Economic Forum Action plan

7 September, 2015 - by Gerry Adams TD


Sinn Féin Louth TD Gerry Adams today attended the launch in Drogheda of the Louth Economic Forum’s Action Plan to secure greater Foreign Direct Investment for County Louth.

Speaking after the launch Teachta Adams said:

“The Louth Economic Forum is a template for success in planning integrated strategies for investment, training and social and cultural development. I want to commend Louth County Council and the Louth Economic Forum for their production of this very important strategic plan for future jobs and investment in Louth.

"I welcome the recognition by the plan of the need to ensure that all parts of Louth feel the benefits of this strategy. Key to this is a greater emphasis on collaboration and co-operation by all of the key economic and political partners. The importance of Louth as part of the border region and its central geographical location midway between two international airports and the two biggest ports on this island, is a significant plus in efforts to secure greater Foreign Direct Investment.

"FDI is an integral part of the economic landscape of the island. However more needs to be done to develop FDI in a sustainable and long term manner.

"For example, Sinn Féin believes that much more work needs to be done to increase co-operation between SME’s and indigenous business and Foreign Direct Investment, and we know many of these companies are open to exploring new avenues as to how this can be achieved.  

"It is important to remember that in this state small and micro businesses employ 70% of the workforce outside of the public sector. We believe that enterprise policy needs to be much more integrated and that the growth of small indigenous businesses and FDI investment are not seen as competing objectives.

"Finally, the potential to maximise FDI for Louth requires greater co-operation between the development agencies on both sides of the border. It does not make sense that these agencies are in direct competition with the other.”

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