AmCham, has launched its Budget 2025 submission ‘Ireland’s Competitive Edge: Driving Business and Supporting Communities’.
In our Budget submission, AmCham has put forward its recommendations to Government focused on delivering capacity for future growth, powering and skilling Ireland’s competitive edge, enhancing Ireland’s RD&I landscape, and strengthening Ireland’s attractiveness for digital.
AmCham has published its latest Quarterly FDI Insights Survey which highlights members’ current views on Ireland as a destination for growth and further investment.
The vast majority of members were optimistic about Ireland’s economic potential with 97% responding that Ireland is competitive when compared to other advanced global economies. Some 52% said the main reason for this was a highly educated and skilled talent pool.
Some 9 in 10 respondents said their corporate headquarters has a positive view of Ireland as an investment or growth location; however, 40% said housing is the most important challenge for Ireland to overcome for their company to invest and expand here. This was down from 49% in AmCham’s March survey. Some 19% said cost competitiveness was the most important challenge, while 12% said skills shortage was the number one challenge. These figures increased from 10% and 8% respectively since March of this year.
The US-Ireland business relationship is continuing to reach record levels of growth and investment on both sides of the Atlantic.
There are now 970 US companies in Ireland, employing 378,000 people directly and indirectly and spending more than €41 billion in the Irish economy annually. Meanwhile, Ireland remains the 9th largest source of FDI to the US with 500 Irish companies employing almost 100,000 people across all 50 states.
AmCham’s 2024 US-Ireland Business Report is the definitive guide to the priorities, ambitions and challenges of the two-way trade and investment relationship between Ireland and the United States.
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