2021 was a record-breaking year for Foreign Direct Investment (FDI) employment, with total employment in IDA client companies now standing at 275,384, up over 29,000 on 2020. Growth in the regions was particularly buoyant, with 53% or 133 projects of the 249 investments won by IDA going to regional locations. Employment growth was recorded in every region of the country.
There are currently 8 IDA supported companies in Monaghan, employing 430 people. Employment developments in IDA supported companies in County Monaghan, from 2016, is set out below:
|
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
|
No. of Companies
|
6
|
6
|
8
|
8
|
8
|
8
|
|
Total Jobs
|
166
|
190
|
362
|
371
|
447
|
430
|
|
New Jobs Created
|
7
|
25
|
173
|
21
|
92
|
30
|
Source: DETE Annual Employment Survey 2021
The FDI performance in the region has been strong over the past five years with employment among IDA clients increasing by 22% as traditional strengths in sectors such as Engineering & Industrial Technologies and Medical Technologies were complemented by new investments from the Technology, International Financial Services and Life Sciences sectors.
Key to the region’s success is strategic collaboration with national and local stakeholders on the enhancement of the regional value proposition for FDI. In this regard, IDA Ireland welcomes the significant funding that Cavan and Monaghan have received under the Urban Regeneration Development Fund (URDF) to date which will further enhance the attractiveness of both counties for FDI.
The existing FDI base of companies in Monaghan enjoy strong collaborative links with several third level colleges including Dundalk Institute of Technology as well as the Technological University of the Shannon (TUS) and the Atlantic Technological University (ATU).
IDA will target 25 investments for the Border region in the period 2021 to 2024 and will continue to actively promote Monaghan as part of the wider Border region. As the Deputy will be aware, IDA Ireland has recently completed the construction of an Advance Building Solution in Monaghan which it is currently actively marketing to potential FDI clients.
In person and E-visits to County Monaghan, from 2016 are shown below:
|
|
2022
|
2021
|
2020
|
2019
|
2018
|
2017
|
2016
|
|
Monaghan
|
3
|
2
|
2
|
4
|
3
|
1
|
2
|
