Ireland and the US - A win win
Irish Business in the US
- There is Irish investment in every state in the US.
- Irish business is the largest investor in the state of Idaho and the 3rd largest investor in Wisconsin.
- The tech and med-tech cluster in Boston is a major attraction for Irish indigenous start-up companies using the US as a platform to internationalise.
- Irish business has delivered an annual return on investment of 5.7% between 2012 and 2016.
- A new generation of Irish businesses led by Stripe is establishing companies headquartered in the US.
- Some of the big-name Irish firms in the US include CRH (Oldcastle), Glanbia, Kerry Group, Kingspan, Ornua, Greencore and Smurfit Kappa.
US business in Ireland
- Over 650 US businesses employ 150,000 people in Ireland today, or 7% of the total workforce.
- Between 2012 and 2016, the annual return on investment in Ireland by US companies averaged 12.7%.
- Estimates show that the activity of US companies in the Irish economy generates almost 3 jobs for every million euro spent in Ireland.
- A range of big-name US companies in Ireland operate across sectors such as bio-pharma, med-tech, ICT and financial services.
- Despite accounting for only 1% of the EU population, Ireland has an 8% share of US R&D expenditure in the EU.
- US business pay almost €7 billion in wages in Ireland.