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Minister Bruton leads 5-day IDA Ireland Investment Mission to East Coast USA

Minister Bruton leads 5-day IDA Ireland Investment Mission to East Coast

USA

Investment mission to target jobs from over 20 world-leading companies in

financial services, life-sciences and technology

One-on-one meetings with companies employing a total of 1.5million people

worldwide and with combined annual revenues of over €400billion

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD,

departs today (Sunday) to lead a five-day mission to the East Coast of the

USA, to meet companies considering investing and creating jobs in Ireland.

The IDA mission to Boston, New York City and surrounding areas will focus

particularly on companies in the financial services sector and the Minister

will meet a total of over 40 companies ranging from start-ups to

multi-billion dollar world-leading companies.

The Minister will hold one-on-one meetings with CEOs and senior executives

from 22 companies including:

· 10 financial services companies

· 6 life sciences companies – in particular biopharma and medical

device companies

· 6 technology/internet companies

· Companies with combined annual revenues of over €400billion

· Companies employing a total of over 1.5million people worldwide

· Companies with operations already in Ireland as well as IDA target

companies who are not yet located here

Minister Bruton will also attend functions attended by a further 20-25 IDA

client companies, as well as the Ireland-US Council dinner in New York.

Before departing, Minister Bruton said:

“A key part of the Government’s plans for jobs and growth is to attract

more international companies to invest in Ireland. Through the Action Plan

for Jobs, we are continuing to improve our competitiveness, to improve our

skills, and to undertake a very intensive programme of trade and investment

missions. The multinational sector has performed very well recently after a

very challenging three years between 2008 and 2010. In the past two years

over 12,000 jobs have been added with very significant investments like

those from PayPal, eBay, Mylan, Apple, IBM, EMC and Northern Trust. This

has made a major contribution to the positive trends we are now seeing with

over 3,000 jobs being added every month across the private sector, compared

to the 7,000 that were being lost every month before we took office.

“We must work hard to build on this performance, to attract more

investments, to target more fast-growing emerging companies as well as

global leaders, and to ensure that when these companies come to Ireland

they provide even greater benefit to Ireland through supply chains and

involvement in the local economy. I look forward to the intensive programme

of meetings this week, to discussing these companies’ future plans and

Ireland’s role in them, and I am confident that this will lead to

investments and jobs for Ireland in the near future”.

Barry O’Leary, CEO of IDA Ireland said, “The east coast of the United

States has always been a rich source of foreign direct investment for IDA

Ireland. The east coast of the US is home for many of the financial

services and life science companies that are already located in Ireland.

For our financial services companies, they see Ireland as the ideal place

to access their international markets. For the life sciences industry,

companies choose to locate in Ireland for the talent and expertise that

already exists here – Ireland has some of the most sophisticated life

science production facilities in the world. New York and Boston have a

thriving internet start-up community – we are identifying these companies

at an early stage in their development and selling Ireland as an option for

their international expansion.”

ENDS

For further info please contact:

Conor Quinn, Press Advisor, Dept. of Jobs, Enterprise and Innovation - +353

87 3743783

Kevin Sammon, Head of Public Relations, IDA Ireland - +353 87 6188564.

NOTES TO EDITORS

The Action Plan for Jobs includes a commitment by Government to carry out

an intensive programme of Ministerial-led trade and investment missions.

Since the Plan was launched in early 2012 the number of trade missions led

by Enterprise Ireland, for example, has doubled, from an average of 8.5

(2007-2011) to an average of 17 (2012 and scheduled for 2013).

This is Minister Bruton’s 16thmajor trade/investment mission in 31 months

since taking office in March 2011

The 15 previous missions undertaken comprise:

· Five IDA investment missions to the USA, two to the east coast, two

to the west coast and one encompassing the East Coast, South and

Mid-West

· Five Enterprise Ireland trade missions, one to Texas, one to the

south-eastern USA, one to Saudi Arabia and India, one to Canada and

one to France accompanied by hundreds of Irish companies looking to

break into new export markets

· A 7-day joint EI/IDA mission to China led by the Taoiseach in 2012,

and a further joint EI/IDA mission to China and Japan led by Minister

Bruton in 2013

· A 5-day EI/IDA trip to the west coast of the USA built around St

Patrick’s Day 2012

· A 4-day mission to Germany around St Patrick’s Day 2013, and a 2-day

mission to Germany around St Patrick’s Day 2011, including a series

of meetings arranged by IDA Ireland, Enterprise Ireland, Bord Bia and

Tourism Ireland.

EXTRACTS FROM MINISTER BRUTON’S SCHEDULE

6:35pm Arrive Boston Logan Airport

8:00pm Briefing Dinner

Monday, Oct 28th 2013: Boston

7:00am Depart Hotel

8:00am Meeting with company in tech sector

10:00am Meeting with company in tech sector

11:30am Lunch Meeting with company in financial services sector

2:00pm Meeting with company in financial services sector

4:00pm Meeting with company in financial services sector

5:45pm IDA Client Reception & Dinner

20 -25 IDA Client companies from the Boston area.

Tuesday, Oct 29st 2013: Massachusetts and Connecticut

07:00am Check-Out and Depart Hotel

08:30am Meeting with company in tech sector

10:00am Meeting with company in life sciences sector

11:45am Meeting with company in financial services sector

2:00pm Depart for New Haven, CT

4.30pm Check-in to hotel in New Haven

6:30pm Dinner Meeting with company in life sciences sector

Wednesday, Oct 30th 2013: Connecticut and New York State

7:45am Check-out and Depart Hotel

10:00am Meeting with company in life sciences sector

11:45am Meeting with company in technology sector

1:00pm Meeting with company in financial services sector

3:30pm Meeting with company in technology sector

6:30pm The Ireland-U.S. Council Dinner, New York City

Thursday, Oct 31st 2013: New York City

8:30am Meeting with company in financial services sector

10:00am Meeting with company in financial services sector

11:15am Media interview

12.15pm Meeting with company in life sciences sector

2:00pm Meeting with company in technology sector

3:30pm Meeting with company in financial services sector

5:00pm Meeting with company in financial services sector

Friday, Nov. 1st 2013: New Jersey

7:00am Check-out and Depart hotel

8:00am Breakfast Meeting company in life sciences sector

11:00am Meeting with company in financial services sector

12:30pm Lunch Meeting with company in life sciences

3:30pm Meeting with company in financial services sector

7:00pm Depart Newark Airport