Dáil debates

Thursday, 8 December 2016

Ceisteanna - Questions - Priority Questions

Foreign Direct Investment

3:30 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

Regarding Pfizer's cancellation of its expansion at Grange Castle, which would have been worth €400 million to the economy and an additional 350 permanent jobs, the timing was unfortunate, at the very least. The company attributed this to the cancellation of the new drug for controlling cholesterol. There is concern over this.

The Taoiseach met President-elect Trump's strategic and policy forum of leading US businessmen. He also met Mayor Bloomberg and others. Was the Minister on that trip? Was her Department involved in that regard given the critical nature of what is at stake at this critical juncture?

The Minister gave a very wide-ranging and comprehensive speech to Dublin Chamber of Commerce a few weeks ago. She wants Ireland to be in the top five in terms of competitiveness, yet Dublin Chamber of Commerce's own survey of business confidence shows a decline in the last three quarters, certainly for the Dublin region. Obviously, this is partially related to both Brexit and Mr. Trump's election, and perhaps even to quantitative easing. What additional resources is the Minister getting in respect of IDA Ireland and Enterprise Ireland, in particular, in order to address the challenge we now face?

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