The number of potential investors visiting County Louth has fallen since 2008

New figures released show that there were 23 Industrial Development Authority (IDA) sponsored visits to County Louth in 2011, a drop from the previous two years

New figures released show that there were 23 Industrial Development Authority (IDA) sponsored visits to County Louth in 2011, a drop from the previous two years

In 2009, there were 33 visits made to the county, while this fell to 27 in 2010, before falling further to 23 in 2011.

The figures were revealed by the Minister for Jobs, Entreprise and Innovation, Richard Bruton following a written question from Gerald Nash TD.

The puropose of IDA visits is to encourage foreign direct investment (FDI) into the country, and the Minister outlined how as a ‘Gateway’ town, Dundalk has been to the fore in winning FDI for the county, which “benefits” surrounding areas.

“With the improved infrastructure now in place, a significant number of people commute within the North East Region, of which Dundalk is the Gateway, and IDA considers a project win in one town in the region to have a positive impact on the other surrounding areas due to the close proximity of all main locations,” said Mr Bruton.

“IDA has 21 client companies in County Louth employing in the region of 1,500 people. So far this year there have been two job announcements for County Louth with the potential to create a further 1,200 jobs over the coming 3/4 years which will almost double the numbers employed in IDA client companies.

“In April, Diaceutics, an international business consulting and software application firm specialising in personalised medicine, announced the creation of 20 new jobs over 3 years in Dundalk, while in February, PayPal, the leading global online payments company, announced the creation of 1,000 jobs over the next four years at its new European Operations Centre also in Dundalk. This new Centre will open in July 2012.”