IDA Ireland paid €548m to foreign companies in six years to 2011; Permanent jobs lost in 2007-2011 at 10,000
Jan 30th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Figures released in response to a parliamentary question by Sinn Féin's Peadar Tóibín to the Minister for Enterprise and Jobs Richard Bruton reveals that IDA Ireland, the State agency responsible for the promotion of FDI (foreign direct investment) paid €548m in grants to foreign companies in the six years to 2011. In 2007, there were 1,070 IDA-supported companies operating in Ireland, but by 2011 there were 66 fewer, with a loss of 10,000 permanent jobs.