Dublin is such a hub for big tech companies that you might think ‘if we come to Dublin, we’re going to be competing with all of them, we won't be able to get good staff’. But I think the opposite is true. Because we’ve got such a base of well recognised brands in Dublin, that actually brings qualified people from all over Europe here.
Cork has become the global hub of choice for international headquarters of technology companies, home to over 100 technology companies. With over 40,000 students across Cork’s two universities, NetApp’s decision to base its international headquarters in Cork provides access to a talent pool that is truly worthy of supporting the robust and evolving technology market. As well as being a part of the vibrant emerging business scene in Cork, NetApp’s hybrid working model means there are opportunities for technical and non-technical candidates across Ireland.
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IDA Ireland, the inward investment agency of the Irish Government, today reported significant investment growth in the first half of 2022, returning FDI employment creation plans to above the pre-pandemic 2019 record levels, despite a continuing challenging global environment.
Employment within IDA’s portfolio of multinational companies (MNC) continued to grow throughout the Covid-19 pandemic. While job losses were at slightly more elevated levels, job gains remained remarkably buoyant. This is testament to the strength of the companies IDA works with and the stability of Ireland as a location in which to do business. It also reflects the unprecedented level of fiscal support provided by the Government to ease the impact of the pandemic on the economy, protecting jobs and incomes.
Through its direct and indirect impacts, Ireland’s FDI base is a core national asset. The contribution of our client companies is tangible, substantive and something that we do not take for granted.
IDA’s four-year organisational strategy aims to consolidate and build on the positive impact of FDI as Ireland pursues a jobs-led recovery that seizes on the opportunities of the green and digital transitions. We have made significant progress implementing the strategy since its publication in January 2021, including the development of implementation plans by IDA’s operating divisions to support the achievement of objectives across our strategic pillars of Growth, Transformation, Regions, Sustainability and Impact.
Regional development remains central to our ambitions. Although it is not a silver bullet, FDI can help propel recovery and realise more balanced growth. Global FDI has historically exhibited a preference for large urban locations, where benefits arising from a critical mass of businesses and people can be amplified relative to smaller regional locations. The rise in remote working since the pandemic may alter location decisions to a certain extent and create increased competition for talent.
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