Oireachtas Joint and Select Committees
Thursday, 5 October 2017
Public Accounts Committee
IDA - Financial Statement 2016
9:00 am
Mr. Martin Shanahan:
I appreciate that. We aim to move some of the investment outside Dublin but, more importantly, to target investment that is likely to go outside Dublin. There are certain types of investments over which we will have very little influence. As the Deputy pointed out, they will want to be co-located in a cluster of technology, possibly close to the Grand Canal. However, there are other types of investments that are more amenable to a regional location. For example, manufacturing investments are much more amenable to a regional location. Depending on where the company is coming from, it has different views as to whether it needs to be in a capital city or even in a large city so we have targeted our work at working with companies who we believe would be willing to consider regional locations. This means targeting outside the large cities in the US. We also have a diversification strategy around markets so Asia-Pacific and Europe are also source markets and we are trying to grow them more quickly than the US market.
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