Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

11:40 am

Mr. Barry O'Leary:

We have made a submission. The biggest challenge at the moment is whether one looks at an initiative as a cost or a benefit. One can see why that is, but if one wants to gain more, one must invest in the same way that companies do. On the question of whether the IDA is a successful agency, we take pride in the fact that we work very much like a business. We have portfolio managers and a clear strategy in terms of what we go after and naturally, the resources available will determine the results.

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