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IDA Ireland Announces Results for 2020 and Tánaiste Launches New IDA Strategy For Next Four Years

IDA Ireland, the inward investment agency of the Irish Government, today reported continued investment in 2020 despite the serious disruption to business caused by the COVID-19 global pandemic.

246 new investments were won in 2020 and20,123new jobs were created. 95 investments were from new investors and 151 investments from existing companies.128 (52%)of the 246 projects won were for regional locations.

Total employment in IDA Ireland client companies in Ireland now stands at 257,394, accounting directly for 12.4% of COVID-adjusted national employment, up from 10.7% in 2019 as a result of the severe impact of the pandemic on certain domestic facing sectors and the employment growth within IDA Ireland’s client base. 

An Tánaiste& Minister for Enterprise, Trade & Employment Leo VaradkarT.D. said: Despite a year of unprecedented challenges to our economy, these results show that foreign direct investment has been remarkably resilient. We still saw a net increase in FDI jobs of nearly 9,000 in 2020. This is a testament to the attractiveness of Ireland as a destination for companies seeking to invest.

Martin Shanahan, CEO IDA Ireland said“In the context of the COVID-19 global pandemic, FDI’s performance is remarkable.  It is encouraging that Ireland has been able to secure such a significant number (246) of investments and grow employment in 2020, a year of unprecedented disruption to global business and adverse impact on global economies.”

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