286 new jobs for Dublin in Govt supported start-up companies – Donohoe

Central Deputy, Paschal Donohoe, said the news this morning (Wednesday) that 286 new jobs will be created in Dublin by high potential start-up companies that have been supported by Government through Enterprise Ireland is great news for the capital and a positive sign of our future growth potential.

“While Foreign Direct Investment (FDI) will continue to play a vital role in our economic future, the Government recognises that unless we begin to grow indigenous industry, our potential for future growth and expansion will be hindered. In short, we need to get our people back to work so they have money in their pockets to spend in the local economy, supporting local businesses.

“That nearly 300 jobs are to be created in Dublin over the next three years by companies that have been supported by Government, through Enterprise Ireland, in the third quarter of 2011 is great news for the city. These jobs are part of 528 jobs of this nature to be created nationally. Furthermore, this news comes on the back of the announcement at the end of the first half of the year of a further 755 jobs by Enterprise Ireland’s High Potential Start-Ups programme. This exponential growth is a real sign that we are capitalising on our home-grown indigenous industries and investing in the areas that will lead us to economic recovery.

“Among the jobs to be created are 29 positions with communications software company, Vigill, in Capel St in the city centre, 17 positions with multi-media company, Mindconnex Learning Ltd, in Clarendon St also in the city and 34 positions in the Industrial and Lifesciences sector with Rapt Holding Ltd in Dublin 3. Ireland has always demonstrated an ability to punch above its weight in the financial, technological and IT sectors; a trend that is continuing, judging by this news.

“Budget 2012 identified the financial, export-led and technological sectors as having the capacity to help us grow our way out of our current difficulties. The Minister was successful in not only maintaining funding for high potential start-up programmes but in securing an increase for them. The support that the Government, through Enterprise Ireland, offers entrepreneurs in these key areas will ensure the continued growth of our indigenous and dynamic start-up businesses and will help us to get to where we want, and need, to be.

“Next month will see the introduction of the Government’s Action Plan for Jobs and the introduction of the Micro-Finance Fund, the Innovation Fund, the Temporary Partial Guarantee Scheme and an International Start-Up Fund to encourage home-grown enterprises. The key to getting our country back on track is getting our people back to work. This Government is committed to doing just that.”