US Investment in Ireland
Today, over 155,000 people are directly employed in over 700 US firms in Ireland. US firms indirectly support a further 100,000 jobs in the Irish economy, in total ccounting for 20% of employment in Ireland.
Collectively US investment in Ireland amounts to $387bn an increase of 16% from 2015.
The Industrial Development Authority (IDA) of Ireland won over 237 overseas investments in 2017, creating almost 19,851 new jobs. US firms remain the largest source of new investment.
US investment in 2017 accounted for 67% of all foreign direct investment in Ireland.
US firms in Ireland form a critical part of Ireland’s cutting edge, internationally traded goods and services economy in industries such as information & communications technology, biotechnology, pharmaceuticals, medical technologies and financial services.
Ireland- A Gateway to Europe
Ireland is the gateway to Europe for many US companies accessing European & International markets. Ireland, which represents just 1% of the European economy, attracted 12.1% of all US FDI investment to Europe in 2016.
US companies are responsible for significant social benefits in their local communities and throughout the entire country by providing innovative and inclusive social impact programmes and other activities. In 2015 alone, employees of US companies contributed over 600,000 work supported volunteer hours to 7,300 CSR projects.
Over 70% of all CSR programmes undertaken by US companies in Ireland are skills or education related. For more read the Chamber's CSR Report Beyond Business the Social Impact of US Investement in Ireland
Irish Investment in the US
Irish investment in the US continues to grow strongly. In 2016 we saw exports from Enterprise Ireland client companies grow by 20% to €3.4bn. There are now over 700 Enterprise Ireland client companies exporting to the US, with 440 companies employing over 81,000 people in their US operations, across all 50 states.
Total employment in the US by Irish affiliated entities is over 100,000.
As the second largest single market for Irish companies after the UK, the US will continue to be a major growth opportunity for Irish companies in 2018 and beyond.