Autumn Newsletter - US Investment Surges Ahead
October 3rd saw the American Chamber launch its annual 'FDI Report' The Irish-US Economic Relationship 2013 authored by Wall Street economist Joseph P. Quinlan. It is an authoritative study on the impact and value of US trade and investment to Ireland promoting Ireland's reputation as one of the best locations in the world from which to do business.
Highlights from the report include:
- Direct employment by US companies in Ireland is at an all-time high of 115,000, as is direct employment by Irish firms in the US, at 136,000
- Between 2008 and 2013 US firms invested more capital in Ireland ($129.5 billion) than in the previous 58 years combined, and roughly 14 times larger than its investment in China
- Ireland now ranks as the most important export platform for US firms in the world
The report was launched at an event in Dublin with a keynote address by Minister for Jobs, Enterprise & Innovation, Richard Bruton TD. The report's author Joseph Quinlan made a presentation of his main findings, and also participated in a panel discussion on FDI in Ireland with Chamber board members Anna Scally of KPMG and Eamonn Sinnott of Intel.
A web portal with access to the full report; chapter summaries and graphs; and Joseph Quinlan's presentation slides from the launch event is available CLICK HERE>>
Taoiseach meets Chamber Board
Following a regular meeting of the Chamber's Board on September 12th, a meeting took place between the Board and An Taoiseach Enda Kenny TD. In a wide ranging discussion, board members raised a number of items with An Taoiseach. This included income tax, the R&D Tax Credit, pension policy, and industrial relations legislation.
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Budget 2014 Response
In responding to the 2014 Budget announced by the Government last week the American Chamber has welcomed the focus on job creation. In additional the Chamber welcomed the release of a document outlining Ireland's international tax strategy which provides a clear and accurate picture of our corporate tax regime.
2014 Event Sponsorship
The American Chamber run dozens of high quality events every year. These range from our many workshops and briefings on topics such as innovation, human resources and various policy areas, to the gala lunch events such as Thanksgiving and Independence Day. Opportunities to sponsor 2014 American Chamber events are currently available. If you or your company are interested, please contact Nicola Thornton.
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More ways to keep up to date
There are now more ways to keep in touch with the work of the American Chamber with the launch of a new LinkedIn page. The LinkedIn page will offer members the opportunity to easily share the content from American Chamber reports and events to their network.
In addition a new AmCham Members Area will be launched on AmCham.ie in the coming weeks, with further information to follow.
Members' Jobs Board
The American Chamber's Jobs Board is now the most popular page on our site, and provides members with an excellent opportunity to advertise vacancies free of charge.
To avail of this service simply email your company's logo along with a link to the vacancy you wish to advertise to: email@example.com
The final few months of 2013 will be as busy as ever for the American Chamber with a number of significant events lined up. There are a number of seminars in October such as 'Improving Return on Workforce Investment' and a pensions workshop. November too is a busy month with further seminars on innovation and 'The App Effect.' Minister Michael Noonan will then address the Thanksgiving Lunch on Thursday, November 28th.