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Number of people employed in Louth by IDA-supported firms rises by 3.5% last year

Number of people employed in Louth by IDA-supported firms rises by 3.5% last year

The number of people employed in firms attracted to County Louth by foreign direct investment jumped by 3.5% last year.

The figure was revealed by Minister for Jobs, Enterprise and Innovation Heather Humphreys following a parliamentary question from local TD Fergus O’Dowd earlier this week.

She revealed there were 28 IDA-supported client companies now based in the county. These firms employ over 3,900 people with 139 new jobs added in 2018.

Minister Humphreys also outlined how IDA client firms in Louth are continuing to grow and develop.

“Last year alone saw announcements from Almac, Wuxi and PCI, which will result in the creation of over 700 jobs. The investment by Wuxi was particularly significant, with construction beginning earlier this year on the company’s €325 million state-of-the-art facility in Dundalk,” she said.

“Looking ahead, the IDA will continue to draw the attention of investors to Louth and the Border region. The Agency’s Regional Property Programme (RPP) is important in that context by helping provide property solutions for overseas companies considering locating in the area. Construction is progressing, for example, on an office building in County Louth which will be completed this year. The RPP also includes plans for an Advanced Technology Building in Dundalk and construction is expected to begin on this facility at the end of this year. The wider Border region will benefit as well from the RPP, with new buildings planned for Sligo and Monaghan.

“I am confident that these facilities, together with the wider work the IDA is undertaking to promote the region to overseas investors, will help attract further investment and generate new employment opportunities to the Counties concerned.”

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