IDA Ireland

IDA Ireland
An Ghníomhaireacht Forbartha Tionscail
State Agency of the Department of Enterprise, Trade and Employment overview
Formed1949; 75 years ago (1949)
JurisdictionIreland
HeadquartersThree Park Place, Hatch Street, Dublin
53°20′01″N 6°15′38″W / 53.33360°N 6.26058°W / 53.33360; -6.26058
Minister responsible
State Agency of the Department of Enterprise, Trade and Employment executives
Parent departmentDepartment of Enterprise, Trade and Employment
Websitewww.idaireland.com

IDA Ireland (Irish: An Ghníomhaireacht Forbartha Tionscail) is the agency responsible for the attraction and retention of inward foreign direct investment (FDI) into Ireland. The agency was founded in 1949 as the Industrial Development Authority and placed on a statutory footing a year later. In 1969 it became a non-commercial autonomous state-sponsored body.[2] Today it is a semi-state body that plays an important role in Ireland's relationship with foreign investors, with multinationals accounting for 10.2% of employment and 66% of Irish exports.[3][4] The agency partners with investors to help them to begin or expand their operations in the Irish market. It provides funding support to research and development projects, and has a number of direct support mechanisms, including employment and training grants.[5]

  1. ^ "IDA Ireland Announces Appointment of new CEO – Michael Lohan".
  2. ^ "Entities audited by the Comptroller and Auditor General". Comptroller and Auditor General. 2008. Archived from the original on 2018-06-15. Retrieved 2019-05-21.
  3. ^ "Foreign Direct Investment in Ireland 2015". Central Statistics Office. Archived from the original on 19 October 2018. Retrieved 19 October 2018.
  4. ^ "International trade, foreign direct investment and global value chains: Ireland: Trade and investment statistical note" (PDF). Organisation for Economic Cooperation and Development (OECD). 2017. Archived (PDF) from the original on 10 April 2018. Retrieved 19 October 2018.
  5. ^ "IDA Ireland". European Commission Research and Innovation Observatory. Archived from the original on 16 October 2018. Retrieved 16 October 2018.