Dáil Éireann Debate, Tuesday - 15 April 2014
310. Deputy Bernard J. Durkan asked the Minister for Jobs, Enterprise and Innovation the number of indigenous jobs created over the past three years to date in the wake of foreign direct investment; and if he will make a statement on the matter. [18086/14]
View answerForeign Direct Investment (FDI) has been, and will continue to be, an integral part of Ireland’s economic development strategy. Foreign-owned firms contribute substantially to Ireland’s exports, jobs, expenditure in the Irish economy and to Exchequer funds. FDI plays a key role in stimulating the development of ‘new’ sectors in Ireland, in enhancing our research, development and innovation performance and in accelerating the achievement of critical mass within sectors.
FDI accounts for over 280,000 jobs, both direct and indirect, in the Irish economy. It is estimated that for every 10 jobs created in multinational companies 7 jobs are created in the wider economy in supply and service businesses. Over the past three years there have been a total of 39,157 new jobs created in IDA Ireland client companies. The net jobs gain in the same period is 19,759 which would account for a "knock on" indigenous job creation figure of 13,831.
The 2014 Action Plan for Jobs has set a job creation target of 13,000 new gross jobs for IDA Ireland. In addition the Government has committed additional resources to the agency aimed at increased market presence with the consequential delivery of an additional 10,000 new jobs (6,000 direct and 4,000 indirect), intensifying employment growth over a five year period.
