I can’t believe that our time in Dublin is coming to an end! These past two weeks have flown by, and I will forever be grateful for the opportunities that this trip has given me.
Yesterday, after our final group presentations on the various organizations we’ve visited on this trip, Raymond Bowe from IDA Ireland gave a presentation on the agency. Foreign direct investment is a complex topic, but he was able to break it down in a way that made it easy to understand. From IDA Ireland’s marketing proposition to their global footprint to how Brexit is going to affect their strategy, Mr. Bowe dug deep and gave us a comprehensive explanation of FDI and how IDA Ireland is contributing to it.
From his presentation, I was able to gather a list of pros and cons that I would consider if I was an executive deciding whether or not to invest in Ireland.
- Low tax rate
- English-speaking member of EU
- Young demographics
- Incredible GDP growth
- Potential issues with Brexit
- Being an island, there could be complications in logistics
- Poor weather
- Still a fairly young economy
Even though there are some cons, overall I think that Ireland would be a great place to invest. From the growing economy to cutting-edge innovation that the country is producing, you can see that there are more than enough reasons. After visiting different companies and seeing first-hand the benefits that come from having a headquarters in Dublin, I would not hesitate in working with IDA Ireland.