American Chamber of Commerce Ireland 2015 Report www. amcham.ie
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American Chamber of Commerce Ireland
2015 Report
www.amcham.ie
What makes us different?Over 70%* of companies setting up in Ireland choose us
Corporate Banking
* Bank of Ireland analysis of publically available information in relation to FDI companies established in ROI, 2013. ** Bank of Ireland analysis of independent industry statistics 2013.
Bank of Ireland is regulated by the Central Bank of Ireland.
Why have these companies chosen us? Because we’re the number one** corporate bank in Ireland.
Our dedicated FDI team offer a leading service to international companies setting up operations here.
And we have extensive experience of both the local investment market and the varied requirements of international investors. It’s why in 2013, some of the world’s leading companies chose to work with us.
To experience why we’re different contact:
Derek Collins EVP Corporate Banking+353 (0)76 624 4595+353 (0)86 259 2496
Dan O’DonnellVP Corporate Banking+353 (0)76 62 45538 +353 (0)86 389 4652
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For many decades A&L Goodbody has worked closely with US corporations in Ireland. Our approach combines excellence of legal advice with commercial thinking, assisting business leaders to develop and innovate in their markets.
For further information please contact:Julian Yarr, Managing Partner, IFSC, North Wall Quay, Dublin 1. E: [email protected] T: +353 1 649 2000
US companies in Ireland top of our boardroom agenda
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Global VisionLocal Focus
Invesco are Ireland’s leading Employee Benefits and pension advisors.
We specialise in developing innovative benefits solutions for international companies in Ireland.
Our mission is to protect the future financial security of our clients and their employees.
To find out how we can assist your organisation with setting up in Ireland, please contact:
Gary Morrissey Head of Business Development T +353 1 294 7600 E [email protected] W www.invesco.ie
Dublin Cork
Invesco Limited is regulated by the Central Bank of Ireland. An analysis of Invesco’s activities between those that are regulated by the Central Bank of Ireland and those that are not is set out on the company’s website www.invesco.ie.
Forewords & Testimonials
An Taoiseach, Enda Kenny TD 5
Kevin O’Malley, US Ambassador to Ireland 7
Richard Bruton TD, Minister for Jobs Enterpise 9 & Innovation
Thomas J. Donohue, President & CE, US Chamber 11 of Commerce
Susan Danger, Managing Director, AmCham EU 11
Martin Shanahan, Chief Executive, IDA Ireland 13
Julie Sinnamon, Chief Executive, Enterprise Ireland 15
Board of Directors
President’s Foreward, Eamonn Sinnott 19
Chief Executive’s Foreward, Mark Redmond 21
US investment in Ireland
Why Ireland Infographic 23
Ireland: The Global Location of Choice 25 for Investment
What others say about Ireland 37
Created in Ireland 39
The Irish-US Economic Relationship 2015, 45 by Joseph Quinlan
Investment Highlights 2014 51
The American Chamber of Commerce Ireland
Look back on 2014 61
American Chamber Gala Events 2015 66
Membership Programmes 67
Membership Groups 69
Listing of American Chamber of Commerce 72 Ireland members
Useful information 91
Contents
Global VisionLocal Focus
Invesco are Ireland’s leading Employee Benefits and pension advisors.
We specialise in developing innovative benefits solutions for international companies in Ireland.
Our mission is to protect the future financial security of our clients and their employees.
To find out how we can assist your organisation with setting up in Ireland, please contact:
Gary Morrissey Head of Business Development T +353 1 294 7600 E [email protected] W www.invesco.ie
Dublin Cork
Invesco Limited is regulated by the Central Bank of Ireland. An analysis of Invesco’s activities between those that are regulated by the Central Bank of Ireland and those that are not is set out on the company’s website www.invesco.ie.
5
An Taoiseach,
Enda Kenny, T.D.
2014 was a great year for inward investment in Ireland as employment by IDA client firms reached historic new highs. Our unrelenting focus on jobs and investment will continue into 2015 and beyond. We are planning a range of updated economic strategies this year as we focus on returning to full employment by 2018, two years earlier than anticipated. To achieve this, we are targeting 40,000 more jobs this year while reducing the unemployment rate
to below 10%. The role of foreign direct investment from American companies will be essential to Ireland’s ongoing recovery. In recognition of this, we will continue to keep Ireland competitive and attractive to inward investment. We are in the first year of a multi-year programme to reduce taxes on work, our competitive corporate tax rate will remain at 12.5% and we are
introducing a ‘Knowledge Development Box’ to incentivise investment in knowledge-based activities in Ireland. We have published the Road Map for Ireland’s Tax Competitiveness, which is designed to keep Ireland the number one investment destination
for the top companies in the world. We will continue to provide certainty, clarity and confidence to American Chamber members about investing in Ireland, while the Chamber continues its important work representing US companies and promoting Ireland as the best location for US investment. I wish all American Chamber members continued success and prosperity in 2015 as we work together to create jobs and opportunity for our people.
Board of the American Chamber meet with An Taoiseach, Enda Kenny TD, September 2014
In 2014 Intel celebrates 25 years of operating in Ireland. Since 1989 Intel has invested $12.5 billion in transforming our Leixlip campus into a location that today represents the largest industrial investment in the history of the Irish State.
On average each year Intel contributes €880 million to the Irish economy and supports 7,068 full-time equivalent jobs.
We look forward with excitement to the opportunity of the next 25 years.
www.intel.ie
In 2014 Intel celebrates 25 years of operating in Ireland. Since 1989 Intel has invested $12.5 billion in transforming our Leixlip campus into a location that today represents the largest industrial investment in the history of the Irish State.
On average each year Intel contributes €880 million to the Irish economy and supports 7,068 full-time equivalent jobs.
We look forward with excitement to the opportunity of the next 25 years.
www.intel.ie
7 Upon my appointment as U.S. Ambassador to Ireland President Obama asked me to nurture the United States-Ireland trade and investment relationship. This is a role that I have put at the top of my personal list of priorities. As the American Chamber 2015 Report clearly shows,
our bilateral relationship is remarkably dynamic, delivering jobs and clear economic benefits, and strengthening the deep bonds that already exist between our two countries.
Despite the challenges of the past few years of global economic turmoil, U.S.-Ireland investment has held strong. Even during difficult times, American companies in Ireland continued to invest and to plan for the future by doubling down in terms of innovation and technology. I have witnessed this first-hand having visited state-of-the-art manufacturing facilities in Dublin, Cork, Galway and Limerick.
The very heart of a company lies in its most valuable asset – its people. Young innovators, pioneers in research and development, front-runners in corporate responsibility, and the leaders of tomorrow will together shape the future global business landscape. I have seen the ambition and drive of U.S. companies and their people here. These people see the world as their stage. Their vision for innovation is inspiring.
What is clear, however, is that these big ambitions cannot be achieved without the investment in human talent to actualize the next generation of innovation. I look forward to working with the American Chamber of Commerce here to continue the dialogue with the U.S. and Irish business community, with educational institutions on both sides of
the Atlantic and with our wider societies on how we can continue to unlock the enormous innate talents of our peoples. Choosing talent development as a core theme this year, the American Chamber acknowledges both the challenges and the tremendous opportunities in this area and the unique synergies between Ireland and the United States.
The American Chamber plays a crucial role in bringing the voice of American companies in Ireland together so that innovation can thrive and jobs can grow. One key aspect of forward progress in 2015 will be negotiations between the U.S. and the EU on the Transatlantic Trade and Investment Partnership, or TTIP. I look forward to continuing our work with the Chamber to help people understand that TTIP will bring opportunities to Ireland and that such opportunities can bring real jobs to real people.
I acknowledge and congratulate Louise Phelan on her year as President. Mark Redmond’s stewardship as CEO is most impressive. Good luck to Eamonn Sinnott as he assumes the role as President in 2015.
The Embassy team and I are committed to supporting the American Chamber of Commerce in its work to increase shared prosperity through innovation, entrepreneurship, and leadership. As Ireland enters a new exciting chapter of economic growth, we must work collectively to explore opportunities to enhance our unique bilateral commercial partnership. My initial travel around Ireland has only whetted my appetite to further explore these possibilities and I look forward to working with you on this journey in 2015.
Kevin O’MalleyAmbassador of the United States of America to Ireland
8
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Richard Bruton, T.D.Minister for Jobs, Enterprise and Innovation
I welcome the publication of this American Chamber of Commerce 2015 Report that provides compelling insights on US investment in Ireland from leading figures from the world of politics and business.
Foreign Direct Investment (FDI) has played a significant role in advancing Ireland’s economic development over the past decades and will continue to do so.
Through the Action Plan for Jobs, we have put in place a range of measures to make Ireland a more attractive location for FDI, and this process will continue in the coming years. Last year we published a Policy Statement on FDI in Ireland that sets out the blueprint and steps we will take to truly differentiate Ireland’s offering, and we will shortly publish a new IDA strategy with ambitious targets for further job-creation.
As a result of the changes we have made, we have performed very strongly in challenging global economic conditions, creating over 25,000 net new FDI jobs in agency supported foreign entities in the last four years, a testament to our strong track record and supportive operating environment.
FDI, and investment from US multinationals, will continue to be a cornerstone of Ireland’s enterprise policy and a key contributor to Ireland’s future growth.
Ireland’s economy is at a turning point, and we are focused, as a government, on investing in a future built on differentiating what we offer to globalising enterprises, realising sustainable growth, and providing jobs for our skilled people.
Richard Bruton TD, Minister for Jobs, Enterprise & Innovation, launches an American Chamber report on talent, December 2015
C
11 On behalf of the US Chamber of Commerce I would like to wish Ireland’s US business community continued success in 2015 and into the future.
I have been lucky to pay several visits to Ireland and witness first-hand the tremendous work that is conducted by US companies in Ireland.
In recent years Ireland has developed a well-deserved reputation as a top location for business. This, along with the ongoing strength of investments, is a testament to the talented workforce available in Ireland.
In 2015 through TTIP we are presented with a tremendous opportunity to enhance further the relationship between the US and Ireland, and indeed between the US and Europe as whole. I am excited about these prospects and encourage the entire US business community in Ireland to get behind these negotiations. Finally I would like to wish my colleagues in the American Chamber of Commerce Ireland every success in the exciting year you have planned ahead.
Thomas J. Donohue President & CEO, US Chamber of Commerce
AmCham EU wishes its colleagues at AmCham Ireland all the very best for 2015. We enjoy excellent cooperation and have worked together extensively over many years on different issues and projects but, particularly on promoting the ‘Case for Investing in Europe’, on Data Protection and most recently on the Transatlantic Trade and Investment Partnership
(TTIP). AmCham Ireland is for me one of the most dynamic Chambers in the
network of 45 Chambers around Europe – forward-thinking and innovative and always producing work of the highest possible quality. We have also undertaken an exchange with our team visiting the team in Dublin. This mutually beneficial best practice-sharing session was very much valued by all of us. I look forward as always to collaborating together on new ventures.
Susan Danger, Managing Director, Amcham EU
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13 Ireland has moved from a recovery phase into a high growth phase and investment by US companies has been vital in making this transition in a relatively short period of time.
As CEO of IDA Ireland the US-Ireland relationship is absolutely pivotal and there is no doubt that US corporates have been instrumental in helping Ireland reach its current high rate of growth, which is the highest in Europe.
Throughout the dark days of the financial crisis, Ireland’s attractiveness to US companies never dimmed and now it is time I believe to develop and expand this relationship even further.
2014 saw IDA’s total employment numbers hit their highest level in the organisation’s history at just shy of 175,000 people. Over 70% of this employment comes from US companies. I am confident Ireland and the US can maintain this level of employment and grow it further in the years ahead. For example US companies accounted for 73% of the jobs created by IDA clients last year alone.
In order to deepen the relationship further, we need to explore new ideas, new sectors and new approaches and this year IDA will unveil a new five year strategy to take us there.
At the heart of this strategy will be the importance of US companies to Ireland. What has marked out the relationship between Ireland and US companies over the decades has been constant change and today is no exception. US companies are famous for embracing change and innovating and I believe IDA as an organisation operates similarly. Together both IDA Ireland and the US companies we work with, so ably represented by the American Chamber, can look forward to an even deeper relationship in future that delivers for both our countries.
I wish all American Chamber members a happy and prosperous 2015.
Martin ShanahanIDA, Chief Executive
14
15 Year on year, Enterprise Ireland client companies have been increasing their global exports, and the story from the USA is no different. In 2013, client exports to the US grew by almost 10% to €1.8bn, and all the indications are that this growth is continuing as we move into 2015. We are seeing growth across all of the industry sectors in the US and across the board, there are massive opportunities for Irish companies. Our experience is that companies need to be, and our clients are hugely ambitious and innovative in how they approach the US market.An increasing number of companies are establishing a presence there with almost 430 Enterprise Ireland clients now on the ground, employing thousands of people across a wide number of states. Almost 40% of these companies have set up a US presence in the last five years with a significant number
of them committing senior management there to drive their growth plans.
Enterprise Ireland has likewise increased its presence in the market, and now has four offices in the US: New York, Boston, Silicon Valley and Austin, Texas, supporting clients who have the ambition, commitment and resources to significantly grow their sales in the US market. The US and Ireland have had a very special and fruitful relationship for generations which our respective companies have taken advantage of. The contribution made by Irish companies in America and vice versa is enormous and Enterprise Ireland looks forward to helping them bring this to even greater heights in 2015.
Julie Sinnamon, Chief Executive, Enterprise Ireland
The Voice of US Companies in Ireland
Ireland The leading location for FDI
The American Chamber Ireland’s leading international business organisation
For more information or to apply for membership:
American Chamber of Commerce Ireland 6 Wilton Place, Dublin 2, Ireland T +353 1 661 6201 E [email protected] www.amcham.ie
The Voice of US Companies in Ireland
Ireland The leading location for FDI
The American Chamber Ireland’s leading international business organisation
For more information or to apply for membership:
American Chamber of Commerce Ireland 6 Wilton Place, Dublin 2, Ireland T +353 1 661 6201 E [email protected] www.amcham.ie
17
BOARD OF DIRECTORS
PresidentEamonn Sinnott
GM Intel Ireland VP TMG Intel Corporation
Chief ExecutiveMark Redmond
American Chamber of Commerce Ireland
1st Vice PresidentTom Mangan
Vice President Operations Boston Scientific
Honorary Secretary/TreasurerSharon McCooey
Senior Director International Operations LinkedIn
18
BOARD OF DIRECTORS
Stephen Creaner
General Manager & Director of Operations Waters
Stuart Dwyer Deputy Chief of Mission US Embassy Dublin
Libby Gribben
Senior HR Director Xilinx
Ger Cronin
Vice President International Operations Abbott Nutrition
Mark Gantly
Managing Director Hewlett Packard Galway
Peter Keegan
Country Executive Ireland Bank of America Merrill Lynch
Brian Longstreet
Managing Director MSD Ireland
(Human Health)
Séamus Hughes
General Manager Zeus Industrial Products
James O’Connor
Managing Director Microsoft EMEA Operations Centre
Feargal O’Rourke
Senior Partner Elect PwC
Peter O’Neill
Managing Director IBM Ireland
Barry O’Sullivan
General Manager Vistakon
Louise Phelan VP Global Operations EMEA PayPal
Bob Savage
Vice President & Managing Director of Ireland COE EMC
19
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Our Chamber has a very ambitious agenda for 2015.
While the level of US FDI in Ireland now stands at an all-time high, so does the global competition for that investment. Our Chamber has a very clear mission – that Ireland remains the global location of choice for US FDI. In 2015, we will focus on a number of key factors that the Chamber believes are central to continued FDI success.
Talent is at the top of this list. We are seeing strong growth in the number of great career opportunities in Ireland - many of these are in specialisms that did not exist five years ago. Our Chamber is engaged in a number of projects focussed on developing and attracting talent. This includes an increased emphasis on STEM subjects at primary and secondary level, and our support for the Employment and Youth Activation Charter. We will also engage in a campaign to attract talent to Ireland – our primary target audience will be graduates of Irish third level institutions currently based abroad. This campaign – World of Talent @Ireland - will be run in partnership with IDA Ireland, our third level institutions and our social media members.
Innovation is also essential to our success. In early 2015 we will present Government with the Chamber’s “Research, Development and Innovation Policy Statement”. Our recommendations
will reflect an extensive programme of consultation with members and other key stakeholders. In May, in partnership with the Royal Irish Academy, we will present the inaugural US-Ireland Research Innovation Awards which will celebrate breakthrough innovations on the island of Ireland in Irish operations of US companies; higher education institutions; and Irish owned businesses with links to US FDI.
The Chamber believes that an ambitious enterprise and investment roadmap would benefit all businesses operating in Ireland.The success or otherwise of our agenda will be driven by the support we receive from you – our members. I look forward to working with you, our Board and the Chamber team in the coming year to achieve our ambitious objectives and I look forward to hearing your views.
I am looking forward to working all the membership throughout 2015 to ensure it is a very successful year.
Eamonn Sinnott
PRESIDENT’S FOREWORD
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21
REDEFINEHYBRID CLOUD
This Report provides you with a clear picture of the strength of the US-Ireland Economic Relationship – and its depth. US FDI has very strong roots throughout Ireland. Many of our member companies recently reached significant milestones in their Irish investment journey. In 2014 BD marked their 50th anniversary in Drogheda with another major job announcement and Intel marked their 25th anniversary in Ireland, with an accumulated investment in their Leixlip Campus of $12.5 billion. This year Microsoft will celebrate their 30th year in Ireland, Xilinx their 20th , and Citi their 50th. Bristol Myers Squibb also mark 50 years in Ireland which coincides with the recent announcement of plans to construct a new state-of-the-art, large-scale biologics manufacturing facility. These are just some examples of the sustained success of US FDI in Ireland. The common denominator in this success – and the number one policy priority of the Chamber – is talent.
There are many reasons why we continue to win US FDI and the Chamber keeps a strong advocacy focus on all of them
These include cost competitiveness; physical and virtual infrastructure; connectivity; tax; creating great places to live and data regulation. But our leaders on
both sides of the Atlantic single out talent as the key factor. That is why Rick Gonzalez, Abbvie’s Global Chairman and CEO, spoke about the importance he places on the “can-do approach” of the Abbvie Ireland team when opening the expanded Sligo facility with the Taoiseach in June 2014. It is also why Adam Bain, Twitter’s President for Global Revenues said in November that the Irish team were “…not just the best in the company but the best in the industry.”
The Chamber will, throughout 2015, engage with Government and the relevant State agencies and institutions on our policy proposals to develop and attract talent. We will also implement our own programme of talent initiatives.
We recently surveyed our members on your views of the Chamber’s role and relevance. This showed that over 90% of you feel that the Chamber is highly influential and would recommend membership to others. The strength of our Chamber is driven by the very strong leadership at Board level and the extensive support and engagement by our sector leaders and members throughout the country.
On behalf of my colleagues on the Chamber team I want to thank all our members for this support and we look forward to working hard on your behalf throughout 2015 to ensure that Ireland remains a global leader for US FDI.
Mark Redmond
CHIEF EXECUTIVE’S FOREWORD
22
REDEFINEHYBRID CLOUD
23
$100 BILLION EXPORTS
F A S T E S T G R O W I N G E C O N O M Y IN EUROPE
$240bUS COMPANIES HAVE
IN FOREIGN DIRECT INVESTMENT
(FDI) IN IRELAND
130,000people employed in US companies in Ireland
WHY IRELAND
24
WHY IRELAND
TOP LOCATION IN THE WORLD FOR ‘ADDED VALUE’ OF FDI PROJECTS - IBM GLOBAL LOCATION TRENDS REPORT
HIGHEST LEVEL OF THIRD LEVEL ATTAINMENT IN THE EU
WORLD’S third most globalised ECONOMY - EY
Flexibility and adaptability of its workforce Investment Incentives Availability of skilled labour
IRELAND RANKS #1 IN THE WORLD FOR:
25
IRELAND: The Global Location of Choice for US Investment
This reputation is down to many factors such as the country’s world class talent pool and pro-enterprise approach. Global Endorsements
The definitive report on countries’ competitiveness is the IMD’s annual World Competitiveness Yearbook. The 2014 Yearbook saw Ireland build on its gains of recent years and is now ranked as the 15th most competitive location in the world. This represented an increase of nine places in just four years, placing Ireland in the top tier of
global competitiveness. Ireland’s performance is particularly strong in certain key business measures, such as
• 1st in the world Flexibility and Adaptability of workforce
• 1st in the world Availability of skilled labour
• 1st in the world Investment Incentives
• 1st in the world Attitudes towards globalisation
Ireland has established itself as the global location of choice for US companies looking to grow through Foreign Direct Investment.
26
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• Biopharma
• Pharmaceutical
• Cleanrooms
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• FDI Hi-tech Facilities
• Healthcare
• Infrastructure
• PPP Investment
27
The IBM Global Location Trends report has named Ireland as the top location in the world for ‘added value’ of FDI projects. Ireland was ranked as the 11th most innovative country in the Global Innovation Index 2014.
Ireland is ranked 13th for ‘ease of doing business’ by the World Bank. Ireland is also one of the top ten countries that are improving the ease of doing business. Strong performance indicators for Ireland include:
• 6th for Protecting investors
• 6th for Paying taxes
• 8th for Resolving insolvency
• 12th for Starting a business
Ireland ranked 12th in Bloomberg’s ‘50 Most Innovative Countries’
• 7th for Manufacturing capability
• 8th for Productivity
• 9th for Tertiary efficiency
An EY index ranked Ireland as the world’s third most globalised economy. Our position was attributed to “outstanding performances in the movement of capital and finance and in cultural integration.”
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29Talent
Ireland has developed a reputation as the top location in the world to find a talented and skilled workforce. This is consistently cited by investors as the number one reason behind our success.
The IMD ranks Ireland as number one in the world for the availabilty of skilled labour, while also ranking Ireland as number one in the world for the flexibility of its workforce.
The demographics of the country’s workforce are also particularly attractive to investors. This is because it is both English speaking and young, with 50% of the population below the age of 35 Ireland has the youngest population in Europe. Ireland’s education systems is also one of the
best in the world; ranked 4th by the IMD. Ireland currently has over 250,000 third level students and the country has the highest rate of third level attainment in Europe.
- 60% of secondary students go on to higher education
- Ireland’s share of population aged 15-34 with third level qualifications is higher than in the US or UK, and above the OECD average
- Over 70,000, almost one third, of students are enrolled in courses in the areas of science and engineering.
The talent in Ireland is constantly adapting to the needs of industry and this has seen an increase of 20% in students undertaking STEM courses, and 31% in those applying for computing courses.
IRELAND: The Global Location of Choice for US Investment
30
31
2012 2013 2014 (f) 2015 (f) BROAD TREND
Irish GDP Growth 0.2% -0.3% 4.5% 3.4%
Irish GNP Growth 1.8% 3.4% 4.9% 3.1%
Irish Inflation (CPI) 1.7% 0.7% 0.4% 1.1%
Main ECB Interest Rates End of Year 1.0% 0.25% 0.05% -
Irish Unemployment 14.8% 13.6% 11.1% 10.3%
Balance of Payments C/A €2,698b €7,634b €11,832b €12,408b
Economy
Following several difficult years Ireland’s economy is growing once again. The European Commission now predict that Ireland will have the fastest growing economy in the EU in 2015.
IRELAND: The Global Location of Choice for US Investment
Ireland’s key economic indicators
32
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33TaxIreland has an internationally renowned reputation as a competitive location for tax. The cornerstone to this is a corporate tax rate of 12.5% which has been consistently been confirmed as settled policy by successive governments.
As part of the 2015 Budget a new Corporate Tax Roadmap was introduced which allows American companies currently considering setting up operations in Ireland, and those already here, to plan with confidence about the future direction of taxation policy.
1. Maintain the 12.5% Corporation Tax Rate, supported by independent research
2. Introduce default corporate tax residence rule
3. Improve intellectual property regime
Consult to develop “Knowledge Development Box” and enhance existing IP regime
4. Enhance R&D regime – remove base year restriction
5. Enhance Special Assignee Relief Programme (SARP) to attract mobile talent
6. Enhance Employment & Investment Incentive (EII) to support indigenous businesses
7. Enhance the Foreign Earnings Deduction (FED) tax regime, to support Irish businesses in accessing foreign export markets
8. Increase Revenue competent authority resources to defend transfer pricing disputes
9. Continued expansion of Tax Treaty Network
10. Maintain commitment to ensuring an open and transparent tax regime
Source: Department of Finance Corporate Tax Roadmap
IRELAND: The Global Location of Choice for US Investment
Budget 2015: Corporate Tax Road Map
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IRELAND: The Global Location of Choice for US Investment
FDI StrategyIn July the Government released a new strategy paper on FDI which outlines the priority areas to ensure the country becomes an even more attractive location for investment in future. This includes a keen focus on developing even stronger talent.
The Government will intensify its efforts to nurture and develop those areas that will genuinely differentiate Ireland’s offering, and specifically:
1. Talent: Ireland as an internationally competitive location for talent attraction and growth.
2. Place-making: to create competitive, dynamic and globally connected city regions as attractors of investment, and position Dublin as the leading European hotbed for start-ups, fast growing firms and talent.
3. Connected world leading research: Ireland recognised as one of the most enterprise aligned science, technology & innovation systems in the world, renowned for excellence in research, connecting and collaborating with enterprise, delivering sustainable economic impact, and attracting investment and exceptional talent.
Ireland will also strengthen its approach to sectoral ecosystem development, drawing from international best practice to support accelerated development of sectors and activities (including foreign and Irish firms) in the Irish economy for the longer term.
Source: Department of Jobs, Enterprise and Innovation Policy Statement on FDI in Ireland
36
We're looking for left brainers, right brainers, problem solvers, mind benders, courageous thinkers, the brightest, the risk takers.
Bring yourtalent
Celebrating 30 years in Ireland
www.microsoft.com/ireland/careers
Here at Microsoft Ireland, we help changethe way the world lives, works, and plays.Explore the diverse nature of our businessesand job opportunities and, if you like whatyou see, consider joining us - our people aresome of the most extraordinary people you’llever meet.
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What others say about Ireland
Our team here is not only the best in Europe, it’s the best in the industry Adam Bain, President, Global Revenue & Partnerships, Twitter
Hiring top talent isn’t easy. And we’ve been able to do it hereDrew Houston, Founder & CEO, Dropbox
We are excited about the talent we have found in Ireland and the response we’ve had since entering the European marketAaron Bell, CEO, Founder, AdRoll
38
The Dublin office has been phenomenal for us... We have found an unbelievable workforce and leaderRyan Smith, CEO, Qualtrics
If the lights were to go out in California, Dublin would maintain Google worldwideNelson Mattos Google
Our Galway Business Services Centre has been vital to our global growth over the past few yearsDaryl Ralford, Chief Financial Officer, Genband
We have been extremely impressed with the creativity & strong technical talent available in this countryWerner Vogels, Chief Technology Officer & Vice President, Amazon
39
• 33% of the world’s contact lenses
• 50% of ventilators used in acute hospitals worldwide
• 80% of the world’s stents
• 100% of the world’s Botox
• An injectable device that 30 million diabetes sufferers rely on
• 45% of the world’s Tic Tacs – (36 Tic Tacs are produced per second in the Cork factory.)
• 12 million Jelly Beans daily
• Sudocrem was invented and still produced solely in Dublin
• 1 in 5 burgers served in European McDonalds is made with Irish beef
• Intel Galileo board and Quark X1000 chip were both designed in Ireland and extend Intel’s capabilities in rapidly growing areas
• Driver vision systems technology is manufactured in Galway which can park your car without you being in it.
• ‘Microneedles’ – tiny needles etched into a medical patch which can painlessly deliver agents such as vaccines.
• A ‘speed gene’ test to help match horses with courses and inform breeding and training decisions.
As a world leading location for foreign direct investment Ireland produces items used by millions of people across the world on a daily basis, not to mention a host of globally iconic products. This includes:
CREATED IN IRELAND
40
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41Created In Ireland: Quark
Three quarks for MusterMark! / Sure he hasn’t got much of a bark / And sure any he has it’s all beside the mark
James Joyce,Finnegans Wake
Joyce introduced the term quark in Finnegans Wake and it seems appropriate that an Irish novel should inspire the name of a computer processor made in Ireland.
Intel’s new Quark processor family will be used to help develop new products in new markets such as the internet of things which means making everyday objects capable of connecting to the web so they can be interacted with from automotive to industrial to wearable computing. Infact Intel is working with Dublin City Council on a SmartCity project using Intel Quark process
or based sensor technology that will enable environmental sensing across the city detecting air quality and micro-climate conditions.
According to Noel Murphy, Intel’s Quark engineering manager the new chip was the first Intel processor to be designed in Ireland. He explained that Ireland was chosen as the place where Quark would be created because of the talent the company already had here in product design “It was a very significant departure for Intel. The company foresaw the internet of things. We started that back in 2011 to take computing into every fabric of your life from all sorts of things around you: traffic lights, tables, lighting, weighing scales and soon. Computing was getting smaller. Processors were getting smaller, but more powerful and if you follow that line down a desktop to a laptop to a phone – it’s obvious to us that computers will disappear in to the fabric of our lives, in walls, tables, transportation etc. And the Quark chip will be integral to that.”
CREATED IN IRELAND
Created in Ireland profiles first appeared in American Business 2014 in the Irish Times on July 4 2014’ published in association with the American Chamber of Commerce Ireland
42
citi.com/progress
Some call them optimists.The founders.The leaders.The innovators.Those committed to seeingopportunities through.We call them progress makers.Be they multinationals wantingto invest in Ireland or Irish companieslooking to expand into marketsaround the world.We’ve made it our job to believein their ideas and to be thereto help make them happen.
To our clients and stakeholders,thank you for making Citi a part of your success and Ireland’s progress over the last 50 years.
HERE’S TO 50 YEARS OF IRISH PROGRESS.
43Created In Ireland: Botox
Where’s the Botox capital of the world? LA, New York, Milan, Paris? The answer is of course is Westport, Co Mayo because that’s where the well-known cosmetic is made.
Botox is as famous as the Hollywood stars and catwalk models that use it. And while it’s best known as a cosmetic treatment, it’s also used to treat medical concerns such as neuromuscular disorders and has recently been approved for use in the treatment of overactive bladder, chronic migraine and lower limb spasticity.
Westport is now the only place where Botox is
manufactured by healthcare company Allergan. The company embarked on a huge €270 million expansion in 2012 at the Westport Campus that was built to meet the increased demand for Botox.The cosmetic treatment has been a blockbuster for Allergan and sales are expected to reach $3billion by 2017. Commenting on the operation, Pat O’Donnell, MD of Allergan Ireland, said: “Ireland works really well for Allergan, as we are able to attract and retain the right talent to run our manufacturing and development activities here. We anticipate that demand for Botox will continue to grow, fuelled by recent therapeutic approvals of the product in many countries around the world.”
Created In Ireland: Abbott Diagnostics
Abbott is on the cutting edge of pharmaceutical technology and one of its latest products manufactured here Architect Stat High Sensitive Troponin-Ix(hsTnl) assays is a good example.
The diagnostic test can measure very low levels of the cardiac troponin protein,which allows doctors to evaluate whether or not patients are having a heart attack within two to four hours. This faster evaluation could allow doctors to reduce the time to diagnosis and treatment by several hours when compared to standard troponin tests.
According to Irish cardiologists such as Dr Niall Mahon of the Mater Hospital the use of this test could speed up the process where patients with
suspected acute coronary symptoms are evaluated.Abbott’s diagnostics facility in Longford has played an integral role in supporting R&D colleagues in the United States to bring this innovative diagnostic test to the market by working on the development phase of this test.
Abbott Longford also manufactures hs Tnlassays for worldwide use.“Abbott Longford was chosen to manufacture this innovative product because of our strong record of compliance,emphasis on quality, ability to bring products to market efficiently,” said Stefan Molitor, site director, Abbott Diagnostics Longford.“I am very proud of the team here in Longford who have played, and will continue to play, a significant role in the success of this diagnostic test around the world.
CREATED IN IRELAND
44
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DecareAdvert_final_Layout 1 04/12/2014 17:08 Page 1
45 US FDI stock in Ireland
Today, Ireland remains a critical destination of US foreign direct investment (FDI), with US direct investment stock in Ireland totaling a record $240 billion at the end of 2013. US investment stakes in Ireland are, by latest figures, almost $50 billion greater than in Germany and France combined ($196 billion). US investment stock in Ireland surged 15.6% in 2013, well above the global growth rate of 6.2%. Ireland accounted for just over 10% of total US foreign direct investment in the European Union in 2013.Since 2000, the stock of US foreign investment in Ireland has soared by more than six-fold, or from $36 billion in 2000 to $240 billion in 2013.US investment stakes in Ireland are easily in excess of total US investment in South America ($169 billion), Africa ($60 billion), and the Middle East ($45 billion).
Cumulative US Outflows to Ireland vs. the BRICs
For the past quarter century, US foreign direct investment inflows to Ireland have towered over comparable flows to Brazil, Russia, India and China, or the BRIC nations.
Flows of investment by US companies were roughly $277 billion in Ireland since 1990; the comparable figure for Brazil: $92 billion; for Russia: $10 billion; for India: $32 billion; and China: $51 billion.
The BRIC nations are relatively large economies, supported by large populations and expanding workforces. Indeed, Ireland’s labour force is a fraction of India’s and China’s. However, Ireland’s English-speaking labour force is better educated and more productive, and the economy is linked to one of the largest and wealthiest economic entities in the world: the European Union. Hence the overriding attractiveness of Ireland versus the BRICs.
The ease of doing business in Ireland also sets the nation apart from the BRIC nations. According to the latest World Bank’s “Ease of Doing Business Rankings,” Ireland ranked 13th overall, well ahead of China (90th), Brazil (120th), India (142nd) and Russia (62nd).
We estimate that employment levels remained flat in 2013 and edged higher in 2014.
Stock of Investment?This is a very important measure of Foreign Direct Investment it counts the total amount of investment built up over time. It reflects the prices at the times investments were made and are rarely adjusted for inflation. At the end of 2013 the total amount of investment built up by US companies in Ireland was an impressive $240 Billion.
IRISH - US RELATIONSHIP 2015Joseph Quinlan
The Irish-US Economic Relationship 2015
www.amcham.ie
For full report, log on to amcham.ie from March 5th.
46
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According to figures from the US Bureau of Economic Analysis, roughly one-quarter of the manufacturing workforce of US affiliates in Ireland worked in “computers and electronic products”, while “chemicals” or the pharmaceutical sector, was an even large employer in 2012, employing 15,000 Irish workers, or roughly 31% of manufacturing employment. Clearly, despite increased global competition, advances in automation and continued high energy prices, Ireland remains highly competitive for advanced manufacturing.
US investment stakes in Ireland are quite significant: Corporate America’s investment stock in Ireland now stands at roughly $240
billion; total US assets in Ireland are in excess of $1.2 trillion; US foreign affiliate sales amounted to $341 billion in 2013, by our estimates; and the valued added of US affiliates (or aggregate output) is now roughly $86 billion.
For its size, Ireland has substantial stakes in the United States, as the following exhibit highlights. In particular, the total assets of Irish firms in the US is now roughly $220 billion, an impressive figure given the overall size of Ireland’s economy.
M+W Ireland
M+W Ireland is a leading provider of design, engineering and construction management solutions.
With over a decade of successfully working in partnership with our US clients, we specialize in the pharmaceutical, life sciences, high tech manufacturing, information technology and energy sectors.
For more information about M+W Ireland, please contact:
M+W IrelandA Company of the M+W Group,
Unit J3 Maynooth Business Campus, Maynooth, Co. Kildare, Ireland
Tel: +353 (0)1 629 3856 [email protected] www.mwgroup.net
Mastering your Projects
49
IRELAND - U.S. GLOBAL LINKAGES, 2013(Billions of $)
U.S. IN IRELAND IRELAND IN U.S.
Foreign Direct Investment* 239.6 26.2
Total Assets of Affiliates** 1244 219.3
Foreign Affiliate Sales** 340.9 66.9
Value Added of Affiliates** 85.9 24.9
*Based on a historic-cost basis.**Author estimates.Data are for majority-owned bank and nonbank affiliates.Source: Bureau of Economic Analysis
IRISH - US RELATIONSHIP
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51
Amazon
Amazon announced the creation of over 300 new jobs in Dublin. The highly-skilled roles- data center technicians, software engineers and customer support staff-will be hired over the next two years and will be based out of Amazon’s expanded offices in Ballsbridge, Dublin.
As part of this announcement Amazon has expanded its presence in the city by adding more capacity to existing office space. This brings Amazon’s office space to over 100,000 square feet with room to further grow the number of employees in Dublin.
Alexion Pharmaceuticals
Alexion Pharmaceuticals agreed to acquire a vialling facility in Athlone. The company plans to purchase, fit and improve the facility for its own operations. This acquisition is part of a decision taken by the firm last year to establish a global supply chain facility in Ireland. The expansion will result in the creation of 40 jobs. Alexion Pharma International Trading, a subsidiary of Alexion Pharmaceuticals also announced their plans to expand its operations in Ireland following the acquisition of a new site in West Dublin. The
Company expects that this expansion will create approximately 200 new jobs at Alexion as part of an investment of approximately €75 million in this new site over the next two years.
Bristol-Myers Squibb
Bristol-Myers Squibb announced plans to construct a new state-of-the-art, large-scale biologics manufacturing facility in Cruiserath, County Dublin, Ireland, that will produce multiple therapies for the company’s growing biologics portfolio.
Once completed, the new facility will significantly increase Bristol-Myers Squibb’s biologics manufacturing capacity and play a central role in its global manufacturing network. The projected job creation consists of 350 to 400 manufacturing jobs.
Calypso Technology
Calypso Technology leading provider of capital markets software solutions, is to establish a Managed Services Centre in Dublin with plans to create up to 150 skilled roles.
INVESTMENT HIGHLIGHTS 2014
Meet our team… Together, we have more than 100 years of experience representing the property interests of US multinationals in the Irish Market
Niall Guerin Associate, CommercialCork
Michael HealyAssociate, Offi cesDublin
Larry BrennanHead of Commercial Division
Neal MorrisonDirector, Commercial Belfast
Roland O’ConnellChairman, Savills Commercial (Ireland) Ltd
Savills Dublin+353 (0) 1 618 [email protected]
Savills Cork+353 (0) 21 427 [email protected]
Savills Belfast+44 (0) 28 9026 [email protected]
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INVESTMENT HIGHLIGHTS 2014
The new Managed Services Centre will be the basis of a new professional service model that Calypso will offer for its customers globally. The entity will enhance Calypso’s ability to offer comprehensive end-to-end implementation services while meeting customer’s budget constraints.
Ethicon Biosurgery
Ethicon Biosurgery, part of the Johnson & Johnson family, announced a €80 million investment in a new state-of-the-art manufacturing facility in Ireland. The 60,000 square foot facility, based in Limerick, will lead to the creation of 270 jobs and 150 temporary construction jobs. Recruitment is already underway for the positions which are expected to be filled over the next five years.
Groupon
Groupon, a global leader in local commerce, announced the official opening of its International Engineering and Marketing Centre in Dublin. The office will serve as a Research and Development hub, responsible for the development of technology
platforms that will be used across Groupon’s 500+ local markets worldwide. Nearly 100 highly skilled roles have already been created with plans to expand to 200 over the next two years.
Founded in Chicago, Groupon is one of the fastest growing companies in history with thousands of employees across the globe.
HedgeServ
HedgeServ, a global hedge fund administrator, announced the opening of its second Irish operation in Cork. The firm already employs over 380 employees in its Dublin base and is expanding due to growth. The company has recently recruited over 50 positions in Cork and intends to hire over 200 people in the next few years.
Hewlett-Packard
HP announced that it will grow jobs through an investment in OpenStack cloud services at its new state-of-the-art facility in Ballybrit, Galway, which is currently under construction.
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American Chamber, Nov 2014.indd 1 02/12/2014 13:49:32
55The investment is part of the company’s plans to expand the global reach of the HP Helion portfolio of cloud products and services. The move will add approximately 100 high-tech jobs to their cloud R&D team.
Hollister
Hollister Incorporated, a specialty medical products company, is to invest €80 million in their facilities in Ballina, Co. Mayo. In the past 7 years, significant investments have been made in the Ballina plant, both in infrastructure and equipment. The Ballina operation coordinates the inventory, distribution and sales invoicing for Hollister throughout Europe and the EMEA region.
IBM
IBM announced a new multilingual operations centre for their global software services at IBM Technology Campus, Dublin. The announcement will create up to 40 new jobs. The new centre will drive innovation and the adaption of big data, cloud and collaboration to deliver high value operational support, using software as a service.
The services support centre is designed to be open and flexible in its delivery and will deploy key IBM products and services such as cloud computing that provides rich capabilities for enterprises considering a shared services model. With cloud computing shared services can achieve business improvements in a short time, including increased sales, a better customer experience and optimised business performance by sharing client information, analytics and reporting in the cloud.
INTEL
Intel announced details of the scale of its investment at its Leixlip facility in Co Kildare, including a spend of $5bn investment on an ongoing construction upgrade, which is employing 5,000 jobs additional workers.
At this Leixlip site, the Irish management and employees have continued to grow their role in Intel’s worldwide business for over 25 years – winning new projects for Ireland and, in the process, developing some of the most advanced manufacturing facilities anywhere in the world.
INVESTMENT HIGHLIGHTS 2014
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Jazz Pharmaceuticals
Jazz Pharmaceuticals are to create 50 full time jobs in a new plant outside Athlone. The investment will create a new manufacturing and development facility. The establishment of the plant will also result in the creation of 160 jobs in construction.
KEMP Technologies
Kemp Technologies announced the creation of 50 new high and technology based positions over the next three years. Their Limerick base is the company’s EMEA headquarters and these new jobs will bring their current Irish workforce to 80. In addition to the highly skilled roles, a proportion of jobs will be for graduates.
LinkedIn, the world’s largest professional network on the internet, announced plans to invest in its international headquarters in Dublin after acquiring a 17,507sq m site at Wilton Place. The new site has
capacity to see LinkedIn’s current Irish workforce grow from 600 to 1,200 people in the future.
Since its arrival in Dublin in March 2010, LinkedIn has grown substantially from an initial 3 people, to more than 600 employees today. LinkedIn’s international headquarters in Dublin is now one of the leading employers in the Irish digital technology sector. The company bases a variety of different functions including sales and marketing at its offices in Wilton Place.
Oxford International
Oxford International, Information Technology and Engineering recruitment specialists, announced a €16 million investment in their Cork-based European headquarters which will result in the creation of more than 50 new jobs over the next 18 months. The move will bring employee numbers to 130 at Oxford International’s Pehrose Quay facility.
INVESTMENT HIGHLIGHTS 2014
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PayPal
PayPal announced the creation of 400 new jobs based as its eBay Inc. European Operations Centre in Dundalk. These positions are in addition to the 1,000 announced by PayPal in 2012. The expansion will bring the combined PayPal and eBay employee numbers in Dundalk to 1,850 by 2018, and their total Irish workforce to 2,900. PayPal is recruiting roles in the areas of customer solutions, risk operations, merchant services, telesales and operational excellence. The positions will be primarily English speaking, with a number of other language opportunities available.
Tyco
Tyco, the world’s largest fire protection and security company proposed the establishment of a business service centre in Cork. The move will potentially create more than 500 positions in three years. The centre will enable the company to improve the efficiency of the processes in several central support functions, including sourcing and procurement, customer service, research and development, information technology, and finance. The company is interested in building the local talent pool which would eventually fill these positions.
Workday
Workday, a leader in enterprise cloud applications for human resources and finance, announced plans to create 200 new jobs in Ireland over the next three years. The company already recruited more than 100 new employees in just over two years given their strong growth in Europe. Workday’s Dublin office is the company’s headquarters in Europe and serves a major centre for key roles in product and technology development, customer support, services, data centre operations, and sales. Recruitment for the new positions on those teams is currently underway.
INVESTMENT HIGHLIGHTS 2014
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January February March April
LOOK BACK ON 2014
Louise PhelanAppointed President
Louise Phelanvisits the White House
Mark Redmond appointed CEO
Nationwide CEO Forums
President’s Lunch Smart People Smart Economies Conference with the
US Embassy
LOOK BACK ON 2014
62
May June July August
Energy, Water & Waste: Gaining Competitive
Advantage Conference
Summer Drinks Reception
University of Central Florida - V - Penn State
Celebration of Irish US Links
DNA ofLeadership Conference
Spring Business Lunch
Independence Day Lunch
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September October November December
Mindset & PerformanceConference
Special Receptions with the Mayors of Boston and
Seattle
Launch of ‘Ireland: A Global
Centre for Excellence’Talent Report
Ambassador O’Malley visits the American
Chamber
An Taoiseach Enda Kenny TD meets with American Chamber Board
Launch of Women in FDI Network
Meeting with Minister
Charlie Flanagan
Cork Business Lunch American Chamber
welcome 2015 Budget
Thanksgiving Business Lunch
Christmas Drinks Reception
LOOK BACK ON 2014
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American ChamberGala Events 2015
March 5
The President’s Lunch The Shelbourne Hotel, Dublin
May 15
American Chamber Annual Dinnerwith the presentation of the US-Ireland Research Innovation Awards by the American Chamber of Commerce Ireland & the Royal Irish AcademyThe Double Tree by Hilton, Dublin
July 3
Independence Day Lunch The Double Tree by Hilton, Dublin
September 25
Cork Business Lunch The Maryborough Hotel
November 26
Thanksgiving Lunch The Double Tree by Hilton, Dublin
For bookings and further information www.amcham.ie/events www.amcham.ie/events
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MEMBERSHIP PROGRAMMES
The American Chamber of Commerce offers a dynamic programme of peer to peer networking and information sharing meetings each year, all of which are free to attend for members. These occasions are always based on member needs and the subjects determined by our vibrant membership groups. Input from members determines agendas, guest speakers and topics so you can count on the American Chamber for industry driven content.
In 2015 these include our HR Leadership Programme, in partnership with Aviva, which will deliver two all member conferences; and in camera HR Leaders meetings which provide a forum for senior HR executives to meet and discuss issues of general interest and importance within US MNC member organizations. The first conference will be on March 27 and is focussed on Employee Resilience & its Impact on Bottom Line and on September 17 the Chamber will host a national conference looking at Industry’s interaction with Education.
The American Chamber’s RD&I Network Programme, supported by PwC, 2015 Programme Partners, aims to help members develop their business in Ireland by facilitating the sharing of information and best practice, through discussion, case studies and research. It supports the sharing inspirational examples of companies safeguarding their future through successful innovation, not only in the design and implementation of products but also in services, and facilitating discussions among
successful companies about evolving strategies and structures for more agile, strategic, resilient businesses.
The AmCham Women in FDI Programme symbolises excellence, inspiration, celebration and success for all women in business. Facilitating purposeful approaches to beneficial networking, embracing new ways of enriching connections and raising awareness of our members. Mentoring, sharing experiences, challenges and wisdom, collaborating within the network, and ultimately the greater business community. In 2015 programme partners are Vodafone and there will be an exciting programme of events for members during the course of the year.
The AmCham US Executive Circle, is a network of US expatriates, which works, with the support of the US Embassy and the American Women’s Club Dublin (AWCD), to identify key challenges and opportunities facing senior US executives working in Ireland. Ireland has been a location of choice for US companies’ strategic investments in advanced manufacturing, R&D, customer service and headquarters functions. In 2015 the Chamber will be establishing a free ‘one stop shop’ on line portal of critical information for coming to live & work in Ireland and will organise some fun social networking events to help expand the positive experience of US citizens and their families in Ireland.
68
Call 1890 721 721 or visit www.aviva.ie
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69
MEMBERSHIP GROUPS
General Counsel Forum
The General Counsel (GC) Forum is designed to provide an in camera forum for GCs from member companies for peer learning, best practice and input to policy. It meets to discuss particular topics of relevance to the business operations of the companies represented in the group and allows for peer learning among group members and to hear from subject matter experts.
Chair: David Dobbyn, EMEA Regional Counsel, Xilinx
Participants: General and Lead Counsels
Chamber Contact: Jonathan Small [email protected]
Healthcare Policy Working Group
This group was established to examine the rising cost of healthcare and health insurance premiums. The group is responsible for examining the issues and drafting policy recommendations in response. Its work also includes lobbying activities in support of these recommendations.
Chair: Tony Phelan, Compensation & Benefits Manager, Intel
Participants: HR Managers and Retention, Compensation & Benefits Managers
Chamber Contact: Jonathan Small [email protected]
Taxation Group
The work of this group monitors Irish and international taxation and forms recommendations on a range of taxation areas. The group maintains an on-going dialogue with the Department of Finance on income tax, pension policy and the international competitiveness of Ireland’s overall tax offering and the crucial area of corporate tax.
Chair: Feargal O’Rourke, Senior Partner Elect, PwC
Participants: Directors/Heads of tax; Tax partners/Directors advising US MNCs
Chamber Contact: Brian Cotter [email protected]
Research, Development & Innovation Network
A peer sharing and learning network for member companies active in research and development. The Network aims to identify positive steps that can be taken to enhance the R&D environment to maximise economic and societal benefit.
Chair: Mark Gantly, MD, Hewlett-Packard Galway.
Participants: Directors of R&D
Chamber Contact: Brian Cotter [email protected]
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MEMBERSHIP GROUPS
Employment Law Sub-Group
This is a sub-group of the Human Resources Leadership Group. Its core purpose is to lobby for change at the formulation stage of EU and Irish employment law, to keep the Board and the HR Leadership Group, appraised of legal changes requiring intervention and to keep the membership informed of changes in law, which may directly affect the way they do business.
Chair: Joanne Hyde, Partner, Eversheds.
Participants: Employment lawyers
Chamber Contact: Brian Cotter
HR Leadership Group
This group provides a forum for senior HR executives to meet and discuss issues of general interest and importance within member organizations. This includes sharing best practises across a range of topic and considering how to maximise upon the potential of human capital within your organisation.
Chair: Libby Gribben, Senior HR Director, Xilinx
Participants: Lead HR contacts within US MNCs
Chamber Contact: Miriam O’Keeffe [email protected]
US Executive Circle
The US Executive Circle supports and engages US expatriates working in Ireland. This group is of benefit both as people move to Ireland and by providing peer support and information resources once they are on the ground.
Participants: Senior US ex-pats working in Ireland
Chamber Contact: Miriam O’Keeffe [email protected]
Learning & Development Group
A new Forum within the American Chamber to support shared thinking, best practice and to put forward ideas that influence and enhance policy within the learning and development community (L&D). The Group aims to provide meaningful peer-to-peer engagement on real issues that concern senior L&D professionals in Ireland.
Chair: Carmel Keane, HR Training & Development
Manager, Allergan
Participants: Senior L&D practitioners (invitation only)
Chamber Contact: Miriam O’Keeffe [email protected]
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MEMBERSHIP GROUPS
Data Contact Group
This group brings together senior executives from a range of Data and Social Media companies in an in camera forum. The group is focused on data innovation and protection, regulatory matters and other issues affecting the data sector.
Membership: Managing Directors/CEOs (invitation only)
Chamber contact: Brian Cotter [email protected]
Energy Roundtable
The Energy Roundtable was formed in response to persistent concerns among senior management of our member companies to increasing energy costs. The roundtable is focused on energy policy matters and has engaged strongly with the Department of Communications, Energy and Natural Resources on the shaping of Ireland’s energy policy into the future.
Membership: Operations / Environmenta / Energy management
Chamber contact: Jonathan Small [email protected]
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AMERICAN EMBASSY IN DUBLIN
American Embassy, Ballsbridge, Dublin 4
Telephone: + 353 1 668 8777Fax: + 353 1 668 9946Web: www.dublin.usembassy.gov
Commercial Service at the Embassy
Telephone: + 353 1 237 5850Fax: + 353 1 667 4754Web: www.buyusa.gov/ireland
Ambassador Kevin F. O’Malley
Deputy Chief of Mission Stuart Dwyer
Political/Economic Brian Jensen Counselor
Defense Attaché Sean Cosden
Management Officer Jennifer McAlipine Dilem
Director of Public Affairs Susan Cleary
Consular Section Chief Shannon Farrell
Senior Commercial Representative Finola Cunningham
Commercial Specialist Padraig O’Connor
Commercial Assistant Nicola Hale
OFFICIAL UNITED STATES GOVERNMENT REPRESENTATION IN IRELAND
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AMERICAN EMBASSY IN DUBLIN
The U.S. Department of Commerce’s Commercial Service is the federal government’s lead export promotion agency that seeks to Support American Jobs Through Increased Exports and Inward Investment.
The mission of the U.S. Commercial Service encompasses:
• Export Promotion - to promote exports of goods and services from the United States, particularly by small and medium-sized enterprises (SMEs).
• Commercial Diplomacy - to protect U.S. business interests abroad
• Investment Promotion - to facilitate business investment in the United States.
Assistance is provided to U.S. companies, international buyers and inward investment
clients through public and private partnerships and a global network of more than 1,400 trade and investment experts and diplomatic staff encompassing 80 U.S. and 100 offices worldwide.
At the U.S. Embassy in Dublin, the U.S. Commercial Service team promotes the export of US goods and services to Ireland and Europe, protects American business interests, and markets the attractiveness of the U.S. as an investment location to Irish investors. These professionals offer business counseling and a wide range of customized services to assist American firms in identifying opportunities and potential business partners in Ireland. They also promote Ireland as a location for U.S. firms to access the larger European marketplace and link American companies into the CS Europe network (www.export.gov/europe).
U.S. COMMERCIAL SERVICE UNITED STATES EMBASSY, IRELAND
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AMERICAN EMBASSY IN DUBLIN
U.S. Commercial Service Dublin works in close cooperation with Irish economic development agencies as well as local chambers of commerce, industry and trade associations to further U.S. commercial success in Ireland. Through these cooperative efforts, the team offers a wide variety of services to assist US companies enter the Irish and European marketplaces including:
• Counseling of U.S. companies on doing business in Ireland
• Provision of market intelligence and export strategy guidance
• Identification of partners through matchmaking services
• Facilitation of foreign government access and advocacy
• Provides assistance to Irish companies looking to source U.S. products/services, develop joint ventures and facilitate technology transfer and licensing agreements.
SelectUSA is a federal government initiative to facilitate business investment in the United States. U.S. Commercial Service Dublin supports SelectUSA in promoting the United States as an investment location to prospective Irish investors and provides local investors and U.S. economic development organizations with counseling and advocacy/ombudsmen assistance.
For further information visit: www.buyusa.gov/ireland
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OTHER AMERICAN CHAMBERS
AMERICAN CHAMBER OF COMMERCE TO THE EU (AMCHAM EU)
AmCham EU is the key organisation representing the views of companies of American parentage committed to Europe. It has an unrivalled network of contacts and expertise. With over 600 active professionals producing around 50 position papers annually, it provides substantial input into the European legislative process. Member companies are drawn from a broad cross-section of the European business community and are typically based in most Member States of the EU. As such, AmCham EU represents some of the earliest and most committed business supporters of the European ideal and in particular, of the single market concept.
For more information, please contact AmCham EU at their Brussels office on +32 2 5136892 or e-mail [email protected]
For further information please see www.amchameu.eu
AMCHAMS IN EUROPE
Founded in 1963, AMCHAMS IN EUROPE (the European Council of American Chambers of Commerce) today represents the corporate interests of more than 17.000 American and European companies, based in 41 countries and employing more than 20 million people. AmChams in Europe’s member companies account for more than $ 1.1 trillion in investment on both sides of the Atlantic. Membership of AmChams in Europe is not defined by geographical borders but by the willingness and ability to contribute to the network, as well as the basic requirement of being accredited by the US Chamber of Commerce. Member Chambers of the Council are voluntary associations supported entirely by membership dues. In addition, all Member Chambers are members of the U.S. CHAMBER OF COMMERCE and work closely with its International Division to coordinate policy and strategy.
The governing body of AmChams in Europe is the Executive Committee, which consists of the chairman, vice-chair, treasurer and four members-at-large. Key groups running the day-to-day activities include the Executive Committee and regional and policy clusters. AmChams in Europe is proud to play an integral role in the dynamic European business environment.
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OTHER AMERICAN CHAMBERS
ALBANIA www.amcham.com.alAUSTRIA www.amcham.atAZERBAIJAN www.amchamaz.orgBELGIUM www.amcham.be BULGARIA www.amcham.bgCROATIA www.amcham.hrCYPRUS www.amchamcyprus.com.cyCZECH REPUBLIC www.amcham.czDENMARK www.amcham.dkEUROPEAN UNION www.amchameu.eu ESTONIA www.amcham.eeFINLAND www.amcham.fiFRANCE www.amchamfrance.orgGEORGIA www.amcham.geGERMANY www.amcham.deGREECE www.amcham.grHUNGARY www.amcham.huISRAEL www.amcham.co.ilITALY www.amcham.itLATVIA www.amcham.lvKOSOVO www.amchamksv.org
LITHUANIA www.amcham.ltLUXEMBOURG www.amcham.luMACEDONIA www.amcham.com.mkMALTA www.amcham-malta.orgMOLDOVA www.amcham.mdNETHERLANDS www.amcham.nlNORWAY www.amcham.noPOLAND www.amcham.plPORTUGAL www.amcham.org.ptROMANIA www.amcham.roRUSSIA www.amcham.ruSERBIA www.amcham.rsSLOVAKIA www.amcham.skSLOVENIA www.amcham.siSPAIN www.amchamspain.comSWEDEN www.amchamswe.seSWITZERLAND www.amcham.chTURKEY www.amchamturkey.orgUKRAINE www.chamber.uaUNITED KINGDOM www.babinc.org
AMCHAMS EUROPE MEMBERS
AMCHAMS WORLDWIDE
ABU DHABI www.amchamabudhabi.orgARGENTINA www.amchamar.com.arAUSTRALIA www.amcham.com.auBAHRAIN www.amcham-bahrain.org BANGLADESH www.amchambd.org
BOLIVIA www.amchambolivia.comBOSNIA AND HERZEGOVINA www.amcham.ba BRAZIL www.amchamrio.com.brCAMEROON www.amchamcam.org
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OTHER AMERICAN CHAMBERS
CANADA www.amchamcanada.caCHILE www.amchamchile.clCHINA www.amchamchina.orgCOLOMBIA www.amchamcolombia.com.coCOSTA RICA www.amcham.co.crDOMINICAN REPUBLIC www.amcham.org.doECUADOR www.amchamecuador.orgEGYPT www.amcham.org.egEL SALVADOR www.amchamsal.comFIJI ISLANDS www.fijiamcham.comGHANA www.amchamghana.orgGUAM www.guamchamber.com.guGUATEMALA www.amchamguate.comHAITI www.amchamhaiti.comHANOI www.amchamhanoi.comHONDURAS www.amchamhonduras.orgHONG KONG www.amcham.org.hkINDIA www.amchamindia.comINDONESIA www.amcham.or.idJAMAICA www.amchamjamaica.orgJAPAN www.accj.or.jpJORDAN www.amcham.joKAZAKHSTAN www.amcham.kzKENYA www.amcham.co.keKOREA www.amchamkorea.orgKYRGYZ REPUBLIC www.amcham.kg
LEBANON www.amcham.org.lbMALAYSIA www.amcham.com.myMEXICO www.amcham.com.mxNEW ZEALAND www.amcham.co.nzNICARAGUA www.amcham.org.niNIGERIA www.abcnig.comPAKISTAN www.abcpk.org.pkPALESTINIAN TERRITORIES www.pal-am.comPANAMA www.panamcham.comPARAGUAY www.pamcham.com.pyPERU www.amcham.org.pePHILIPPINES www.amchamphilippines.comQATAR www.amchamqatar.orgSAUDI ARABIA www.us-saudi-business.orgSINGAPORE www.amcham.org.sgSOUTH AFRICIA www.amcham.co.zaSRI LANKA www.amcham.lkTAIWAN www.amcham.com.twTANZANIA www.amcham-tz.comTHAILAND www.amchamthailand.comTRINIDAD & TOBAGO www.amchamtt.comTUNISIA www.amchamtunisia.org.tnURUGUAY www.ccuruguayusa.comUZBEKISTAN www.amcham.uzVENEZUELA www.venamcham.orgVIETNAM www.amchamvietnam.com
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Index of Advertisers
A&L Goodbody 2
AIB Back Cover
Aramark 58
Arthur Cox 54
Aviva 68
BAM 26
Bank of Ireland inside front cover
BT 46
Citi 42
DeCare Dental 44
EMC 22
Eversheds 30
Greenstar 56
Intel 6
Invesco 4
Kingston 34
Laya 40
M+W Group 48
Matheson 32
Medtronic Inside back cover
Microsoft 36
MSD 28
PayPal 14
Pfizer 8
PM Group 20
EMC 22
Savills 52
Shannon Airport 64
Towers Watson 12
Trinity College Dublin 10
VHI 50
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Source: AIB has the largest market share of day to day banking relationships amongst foreign direct investment companies, Ipsos MRBI AIB Foreign Direct Investment Research, February 2014. Allied Irish Bank, p.l.c. is regulated by the Central Bank of Ireland.
Mick Murray Head of AIB International
Corporate [email protected]
or +353 (1) 641 4248
Simon ScroopeHead of AIB Corporate Banking
[email protected] +353 (1) 641 4219
Ireland’s No.1 Bank for Inward InvestmentAIB International Corporate Banking can help you build a powerful presence in Ireland. To see how our dedicated team can work with you, contact Simon or Mick.
WELCOME TO IRELAND FROM AIB CORPORATE BANKING
01200RO 210x210 Corporate.indd 1 15/01/2015 16:02
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