Dara Calleary (Mayo, Fianna Fail)
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320. To ask the Minister for Jobs, Enterprise and Innovation if his Department tracks the correlation between the number of job announcements by Industrial Development Agency Ireland and the numbers created within the time period projected at the time of the announcement; if he will make available his analysis of jobs announced versus jobs created; and if he will make a statement on the matter. [21073/14]

Richard Bruton (Dublin North Central, Fine Gael)
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For a variety of reasons not all projects won by IDA Ireland are publicly announced. For example while IDA Ireland secured 164 investments during 2013 there were only 58 announcements. There is no direct correlation between the number of jobs announced in any one year and the actual number of jobs created in that same year. Depending on the individual company’s business plan jobs come on stream typically in a 3 to 5 year period following the securing of an investment win, though in some cases the time frame can be shorter.

It is important to note that the number of jobs created in IDA Ireland client companies in any one year typically exceeds the number of jobs announced. The potential job creation figure from the 58 IDA Ireland announcements in 2013 amounted to 5,600 whereas the actual number of jobs created in IDA Ireland client companies in 2013 was in fact 13,367, as shown in the Forfás Annual Employment Survey, which tracks the numbers of jobs created and lost in IDA Ireland client companies.