Read the transcript of the American Chamber's opening statement presented by CEO Mark Redmond to the Oireachtas Finance Committee on EU State Aid Investigation
Incoming President of the American Chamber of Commerce, James O’Connor, Managing Director of Microsoft EMEA Operations Centre, says it is imperative that Ireland is ‘match fit’ for the challenges ahead in the changing global environment, highlighting cost competitiveness, education and infrastructure as some of the key areas which Ireland needs to focus on to ensure that the country continues to be top of mind for investment decisions.
The American Chamber of Commerce Ireland has paid tribute to the late Dr. TK Whitaker following the announcement of his passing. The Chamber said “Dr. Whitaker’s ideas and policies have been instrumental for decades in attracting foreign direct investment into Ireland, which has been so beneficial to the economy as a whole.”
The American Chamber of Commerce Ireland notes that the European Commission has now published the Final Decision in the Apple State Aid case. The Chamber is aware an application has been lodged by Ireland to the General Court of the EU to annul the decision.
Ambassador Kevin F O'Malley has become the first recipient of the Kennedy-Lemass Medal in the presence of An Taoiseach Enda Kenny and 870 guests at a ceremony organised by the American Chamber of Commerce today during the annual Thanksgiving Lunch at The Clayton Hotel, Burlington Road. The inaugural Kennedy-Lemass medal was awarded to the Ambassador by the American Chamber to acknowledge his outstanding contribution to deepening the US-Ireland relationship.
Speaking following the US election result, American Chamber of Commerce Chief Executive Mark Redmond said:
The American Chamber congratulates President- elect Donald Trump on the outcome of the US election.
As the voice of the 700 US companies in Ireland, the American Chamber looks forward to continuing the productive dialogue with the representatives of President-elect Trump’s new Administration that it has enjoyed with all previous US administrations over the Chamber’s 55 year history.
A new report published by the American Chamber of Commerce Ireland which researched the social impact A of US investment in Ireland has shown that US companies supported 7,300 community projects nationwide last year, including initiatives in the areas of education, sport, health, STEM, culture, homelessness, social justice and inclusion. Entitled ‘Beyond Business – The Social Impact of US Investment in Ireland’ the research, conducted by the University of Notre Dame on behalf of the American Chamber, with support from AIB, also shows that 52,150 staff at US companies are engaged in CSR. In total, the research shows employees of US companies gave over 603,237 work supported volunteer hours last year.
The American Chamber strongly welcomed the commitment in Budget 2017 to investment and employment with a package of measures aimed at sustaining investor confidence and protecting against risks to the economy arising from Brexit uncertainty.
The American Chamber welcomed the Minister’s restatement that Ireland’s corporation tax rate will remain at 12.5%, a cornerstone of Ireland's enterprise policy for many years and partly responsible for attracting over 700 US companies creating 140,000 jobs here.