Oireachtas Joint and Select Committees

Wednesday, 21 February 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

IDA Ireland: Chairperson Designate

Mr. Feargal O'Rourke:

I am a bit of a US political junkie. There have been 14 US Presidents since the IDA was set up in 1949 and whether it is a Republican administration or a Democrat administration, Ireland has always done well. As such, I do not see the US election as having any real impact on inward investment in Ireland.

Regarding the Irish political landscape, at the end of the day, companies want two things. They want stability and predictability. Predictability does not mean that things cannot change; it just means that if they are going to change, there is a roadmap showing how the changes will occur. The IDA is agnostic when it comes to politics. We have had multiple different administrations since the IDA was set up in 1949, not just involving large parties but also small parties. We have always provided that political stability and, broadly speaking, predictability. I do not see it as a problem here.