Ida Ireland

About Ida Ireland

About Us ABOUT IDA IRELAND IDA Ireland is an autonomous Statutory Agency set up under the Industrial Development Acts 1986 - 2019. The Agency operates in accordance with the provisions of the Acts and under the aegis of the Minister for Business, Enterprise and Innovation, who is empowered to provide funds to discharge its obligations and issue general policy directives/seek information on the Agency’s activities. History HISTORY Over the past 70 years IDA Ireland has evolved to become a global force in attracting FDI to Ireland and a key influencer in the development of the Irish economy and its reputation abroad. IDA Ireland 2019 2019 marks 70 years of IDA Ireland. Foreign direct investment has been a keystone of Irish economic policy since IDA Ireland was founded in 1949. IDA Ireland 2017 Employment levels in foreign owned companies have reached 210,443 by the end of 2017. This figure surpasses the overall five year target of 209,000 which was set in 2015 in IDA Ireland’s Winning: Foreign Direct Investment 2015-2019 strategy. A Model for FDI Worldwide IDA Ireland's current strategy is based on a policy of attracting investors from a range of industry sectors who are seeking the best location for their Advanced Manufacturing, Global Business Services and R&D operations. You can find further information about our strategy in Winning: Foreign Direct Investment 2015-2019 Best Country for Business Forbes magazine declares Ireland 'best country for business' and the IDA marks a record year for FDI in Ireland. Focus on FDI Following a government review the IDA was broken up into three separate organisations. From this point the IDA was to focus exclusively on the promotion and development of high-quality foreign direct investment (FDI) in Ireland. This was initially to be in the manufacturing and international services sectors but has since expanded to include a number of high-performance sectors. EU Membership Ireland became a member of the European Economic Community, later the EU, in 1973. This move transformed many aspects of life in Ireland and opened Ireland up for free trade with its European partners. Autonomy for the IDA In 1969 the IDA was incorporated as an autonomous state-sponsored body under the Industrial Development Act and made responsible for all aspects of industrial development. This put the IDA on a stronger footing, giving the body more flexibility. Opening up the Economy The signing of the Anglo Irish Free Trade agreement contributed to the opening up of the Irish economy between Ireland and its main trading partner. A Change in Policy The introduction of the first Programme for Economic Expansion was part of a series of moves in the 1950s to achieve economic expansion in Ireland. This programme removed protectionism, encouraged Foreign Direct Investment (FDI) and promoted exports. IDA Established IDA Ireland was formed in 1949 as part of the Department of Industry & Commerce. The IDA was initially briefed to stimulate, support and develop export-led business and enterprise in Ireland. This covered both indigenous and foreign investment and start-up enterprises. This was against a backdrop of economic protectionism and restrictions on imports. Work for IDA IDA Ireland is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce. Achievements IDA Ireland’s main objective is to encourage investment into Ireland by foreign-owned companies. Our success is measured by the impact on the Irish economy of FDI and IDA supported companies. One for the best countries for business - Forbes Magazine Site Selection Magazine - Best Country to Invest in Western Europe Thanks to our 100,000 Followers on LinkedIn The IDA Ireland corporate LinkedIn page was set up in 2010. Today, ten years on IDA Ireland has reached a milestone of 100,000 followers. A YOUNG, WELL-EDUCATED AND PRODUCTIVE WORKFORCE Ireland has the youngest population in Europe. The population is forecast to increase by almost one million people to 5.75 million by 2040.

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Company Type: Public

Company Size: 51 - 250

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