Dáil Éireann Debate, Thursday - 28 February 2013
133. Deputy Peadar Tóibín asked the Minister for Jobs, Enterprise and Innovation if he will reconcile the figure of 1,515 jobs announced for County Louth by the Industrial Development Agency in 2013, with the actual figure of jobs created in the county by IDA supported companies of 386 for the same period. [10790/13]
View answerJobs announced by IDA Ireland are typically created over a period of between 3 and 5 years from the announcement, depending on the company’s business plan. It should also be noted that some investment and job creation projects are not announced.
During 2012, there were five IDA Ireland job announcements for County Louth with the potential to create a total of 1,515 jobs. The companies involved were PayPal, Diaceutics, National Pen, Yapstone and Nextag.
In relation to Nextag, I am informed by IDA Ireland that, due to changes in its global operations, the company will not now be opening an international HQ operation in Drogheda. I understand that the company will continue to monitor future investment opportunities in Ireland. IDA Ireland has indicated that the decision not to proceed with the project had been taken by the company before any lease commitments were entered into and that no financial support has been provided to Nextag.
