DUNDALK Institute of Technology (DkIT) has outlined the details of its strategic pathway and commitment to the region at the launch of its socio-economic impact study of DkIT and
Towards a Sustainable Future DkIT Strategic Plan (2011-2016) by Minister of State Fergus O’Dowd.
These two critically important publications have reinforced Dundalk Institute of Technology’s commitment to education and further growth in the north eastern region.
President of Dundalk Institute of Technology, Denis Cummins noted in his opening remarks that the launch is very significant to Dundalk Institute of Technology and its strategic pathway.
“The North East is a prime location for enterprise and the findings in today’s report illustrates that there is a direct link between the significant presence of Dundalk Institute of Technology and the increase of major industry employers in the region,” he said.
Minister of State, Fergus O’Dowd also went onto say that, economic confidence in the region is improving and Dundalk Institute of Technology is at the heart of driving it forward.
The Socio-economic Impact Study of Dundalk Institute of Technology presented the results of an assessment undertaken by BiGGAR Economics which found that Dundalk Institute of Technology delivered a substantial annual economic return for the Irish economy, in return for the state funding it receives.
Graeme Blackett of BiGGAR Economics said research demonstrates that Dundalk Institute of Technology received €37.3 million in state funding and generated €281.5 million in Gross Value Added (GVA) for the economy of the Republic of Ireland and supported 2,110 jobs. This means that for every €1 Dundalk Institute of Technology received in state funding, it generated €7.54 in economic impact. The Socio-economic Impact Study of DkIT analysed all core aspects associated with the college.