Coonan says last year was a ‘good year for Irish business’

Last year was a good year for Irish business; foreign investment by IDA client companies created 7,131 high-skilled jobs and resulted in almost 5,000 additional positions in local economies. Meanwhile Enterprise Ireland supported companies created 8,476 more new jobs. This is all good news, according to Noel Coonan, Fine Gael TD for Tipperary.

Last year was a good year for Irish business; foreign investment by IDA client companies created 7,131 high-skilled jobs and resulted in almost 5,000 additional positions in local economies. Meanwhile Enterprise Ireland supported companies created 8,476 more new jobs. This is all good news, according to Noel Coonan, Fine Gael TD for Tipperary.

“It is a fact that the majority of Foreign Direct Investment is directed towards the highly populated Dublin and Cork. However this is something that this Government is addressing and the fact that the IDA secured 37 per cent of investments outside Dublin and Cork in 2014, up from 30% the previous year, is evidence that things are moving in the right direction.

“This is a trend I expect to see develop further in 2015 as the Government focuses on supporting entrepreneurship across the regions. The Regional Enterprise Strategy which is part of the Action Plan for Jobs will be launched this year and this strategy will provide extra funding to accelerate job creation in the regions.

“The latest Live Register figures show that the unemployment rate has dropped to 10.7 per cent from a high of 15.1 per cent in 2012. Here in North Tipperary the unemployment rate has dropped by 17 per cent during this time.

“Tipperary has a lot to offer to potential investors; we are well connected to the main cities and we have the skilled workforce. I am confident that more jobs will be created in Tipperary in the coming year.”

“Thirty One Local Enterprise Offices (LEOs) were also launched in April 2014 to support micro enterprise and small business throughout the country. Competitive Start Funds will be made available again this year to provide critical early stage funding, and there will be an improved tax offering for people starting their own business.

“Thanks to the sacrifices people have made, things are moving in the right direction and it is now possible for the Government to cut taxes. It is essential that we make sure that work pays and as a result of this commitment every household with somebody in full-time work will have more money in their pockets this month,” concluded Deputy Coonan.