84% of Irish people believe US companies are critical to Ireland's economic future

  • Release Date: 15/06/2018
  • 71% of Irish people surveyed by iReach for the American Chamber believe the high quality of our workforce is the main driver in attracting US investment
  • 55% believe US businesses are more inclusive and diverse workplaces compared with other companies based in Ireland
 
  • A separate survey of American Chamber member companies showed that 68% believe Ireland has become a more attractive location for foreign direct investment (FDI) in the past three years, but highlighted concerns in relation to competitiveness
Issued Friday 15 June, 2018.  Mark Redmond, Chief Executive of the American Chamber of Commerce Ireland outlined the results of a recent iReach opinion poll conducted for the Chamber which showed that 84% of the population believe US companies are critical to Ireland’s economic future.  This is despite the fact that 60% of respondents underestimated the number of people in Ireland currently employed by US multinationals.  Only 4 in 10 adults in Ireland correctly believe there are over 100,000 people working in US companies, the actual number of people working in US companies in Ireland is over 155,000. 
 
The iReach survey also asked what was it about Ireland that attracts US companies, with 71% of respondents agreeing that the quality of our workforce is the number one factor.
Speaking about the survey, Mark Redmond said:
 
“The role of the American Chamber is therefore to ensure the conditions are right so that American companies can continue to play that critical role in our economy. 
 
We recently surveyed our own member companies for their views and found that almost seven in ten believe Ireland has become a more attractive location for US FDI in the past three years.  While this is very positive, we believe the global environment for FDI, from the US and elsewhere, becomes more competitive every day and Ireland needs to invest now to ensure we strengthen and maintain our own competitiveness which has been slipping recently. When asked to list their main areas of concern over the coming years, our members pointed to the availability of skilled staff, residential accommodation, staff retention, cost competitiveness, personal tax and infrastructure as the top issues needing attention.”
 
“While the US Ireland business relationship has never been stronger, in the context of Brexit, and indeed, changes from the US administration, it is crucial that Ireland remains committed to competitiveness to consolidate and build on this area which has been a cornerstone of our economy.”