27/04/2017 About IDA Ireland Ireland – IDA Ireland is the Foreign Direct Investment Agency for Government Ireland The US Gateway – It is a state agency 100% funded by the Irish to Europe Government. Department of Enterprise, Jobs & Innovation – Founded in 1949 – IDA's focus is to attract foreign investment that is of high value, requiring high skill levels and a sophisticated IDA Board business environment. Objectives & Key Areas of Focus 20 Overseas Offices – Attract new investment from around the world for 9 Sectoral Divisions Ireland 10 Irish Offices – Provided assistance to existing clients to expand and develop their business in Ireland – To create valuable & sustainable employment 300 staff Patrick McGee – Our services are FREE OF CHARGE ! VP Engineering & Industrial Technologies Foreign Direct Investment IDA Ireland - Global Reach Key Pillar of Economic Growth Strategy Moscow London Ireland Frankfurt Chicago Boston Seoul Paris Mountain View, CA Beijing New York Tokyo Atlanta Irvine, CA Mumbai Shanghai Austin, TX Singapore 1,200 Sao Paolo Sydney 200,000 1
27/04/2017 Our Business Ireland... Why Ireland for your business? An ideal location for Foreign Investment Fundamental Pro-Business Output Factors Ecosystem Economically... Ireland... - Stable Government Population 4.5 million - Low Corporate Tax Rate Capital City Dublin (1.5mil) Diverse Value Talent Letterkenny - Falling Unemployment Chain Ireland is the only native Return on English-speaking member of - Low Inflation Investment the Eurozone , and is located - Fastest growing economy in Regional Technology & in a central time-zone Sligo Locations allowing access to all markets the EU Research throughout the working day. Athlone Pro-Business Innovative & Dublin Transformation Multicultural Environment Demographically... Society Galway - Young population Managerial - Highly educated population Tax Limerick Shareholder Talent - Highly multicultural society Value - 1 st for the availability of Waterford English skilled labour Track Record speaking - 1 st for flexibility and Cork adaptability of workforce Source : IMD World Competitiveness Yearbook 2015 2
27/04/2017 IDA Financial Support How IDA Ireland can help… Phases of Suite of Support Services provided Development by IDA Employment Grant • Up to 20% of the average estimated salary • Organise Site-Visits to Ireland for new jobs created Evaluation • Provide “Due Diligence” information Capital Grant • Open doors to the business community in Ireland • Up to 10% support on capital expenditure for buildings or equipment • Grant Aid (Regional Employment, R&D, Training) Decision & RD&I Grant • Assistance with Property & Office solutions Implementation • Up to 25% of eligible expenditure on R&D • Press & PR projects • 25% Tax Credit available from the Irish Revenue • Introductions at Government level Continuous • Employee Work Permit / Visa support Training Grant “After-Care” • 25% support available for very specific training • Influencing Government on behalf of industry • 60% support available for general (operation transitioning) training *All State Aid is available and eligible under European Union State Aid Rules. State Aid is only available within these parameters and subject to IDA Ireland Board Approval. Challenging Global Environment Patrick McGee VP, Engineering & Industrial Technology IDA Ireland Brexit 345 Park Avenue New York, NY 10154 +1 212-750-4300 New US Administration Patrick.mcgee@ida.ie linkedin.com/in/patrickmcgee3 OECD BEPS Border Adjustment Tax 3
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