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Minister Bruton leads 5-day IDA Ireland Investment Mission to East Coast USA

27th October 2013 - Richard Bruton TD

Investment mission to target jobs from over 20 world-leading companies in
financial services, life-sciences and technology.

One-on-one meetings with companies employing a total of 1.5million people
worldwide and with combined annual revenues of over €400billion

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD,
departs today (Sunday) to lead a five-day mission to the East Coast of the
USA, to meet companies considering investing and creating jobs in Ireland.

The IDA mission to Boston, New York City and surrounding areas will focus
particularly on companies in the financial services sector and the Minister
will meet a total of over 40 companies ranging from start-ups to
multi-billion dollar world-leading companies.

The Minister will hold one-on-one meetings with CEOs and senior executives
from 22 companies including:

   ·    10 financial services companies
   ·    6 life sciences companies – in particular biopharma and medical
      device companies
   ·    6 technology/internet companies
   ·    Companies with combined annual revenues of over €400billion
   ·    Companies employing a total of over 1.5million people worldwide
   ·    Companies with operations already in Ireland as well as IDA target
      companies who are not yet located here

Minister Bruton will also attend functions attended by a further 20-25 IDA
client companies, as well as the Ireland-US Council dinner in New York.

Before departing, Minister Bruton said:

“A key part of the Government’s plans for jobs and growth is to attract
more international companies to invest in Ireland. Through the Action Plan
for Jobs, we are continuing to improve our competitiveness, to improve our
skills, and to undertake a very intensive programme of trade and investment
missions. The multinational sector has performed very well recently after a
very challenging three years between 2008 and 2010. In the past two years
over 12,000 jobs have been  added with very significant investments like
those from PayPal, eBay, Mylan, Apple, IBM, EMC and Northern Trust. This
has made a major contribution to the positive trends we are now seeing with
over 3000 jobs being added every month across the private sector, compared
to the 7000 that were being lost every month before we took office.

“We must work hard to build on this performance, to attract more
investments, to target more fast-growing emerging companies as well as
global leaders, and to ensure that when these companies come to Ireland
they provide even greater benefit to Ireland through supply chains and
involvement in the local economy. I look forward to the intensive programme
of meetings this week, to discussing these companies’ future plans and
Ireland’s role in them, and I am confident that this will lead to
investments and jobs for Ireland in the near future”.

Barry O’Leary, CEO of IDA Ireland said, “The east coast of the United
States has always been a rich source of foreign direct investment for IDA
Ireland. The east coast of the US is home for many of the financial
services and life science companies that are already located in Ireland.
For our financial services companies, they see Ireland as the ideal place
to access their international markets. For the life sciences industry,
companies choose to locate in Ireland for the talent and expertise that
already exists here – Ireland has some of the most sophisticated life
science production facilities in the world. New York and Boston have a
thriving internet start-up community – we are identifying these companies
at an early stage in their development and selling Ireland as an option for
their international expansion.”

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