in part by ensuring that budget policies support investments and tax expenditures that drive GDP growth and that boost overall work effort.
In addition to the fiscal deficit, America also faces deficits in investment and competitiveness that are equally important. 2 The best solution is to choose a mix of regulatory reforms, investment increases,
spending cuts and tax increases that promote investment and make America a more competitive place to do business.
Merely increasing federal spending to boost aggregate demand or treating all spending and taxes the same (e g.,
in part by ensuring that budget policies support investments and tax expenditures that drive GDP growth.
Yet cutting public investment (including increasing certain business tax expenditures) in the name of fiscal discipline will slow growth
but it would also increase the investment deficit, reducing the rate of innovation and productivity growth.
DISTINGUISHING BETWEEN PRODUCTIVE INVESTMENT AND CONSUMPTIVE SPENDING BUDGET POLICIES To effectively address the budget while also growing the economy,
the second two on reducing the budget deficit. 1. Increase investments, including business tax expenditures, which spur productivity,
innovation and competitiveness (PIC) by boosting spending on public investment and cutting taxes on business (including cutting statutory rates, expanding pro-growth incentives,
a. Creating a comprehensive tax credit for business investments in R&d, new equipment, and software and workforce training;
as opposed to investment. The focus should largely be on cutting entitlements to seniors, but also on areas of spending that lower productivity (e g.,
investment and trade deficits †and will also spur growth which will help reduce the debt-to-GDP ratio. 4 An increase of just 0. 1 percent in the GDP growth rate would reduce the budget deficit by as much as $300 billion cumulatively over the next decade. 5 Given the economy†s
they also need to distinguish between productive investment (expenditures that expand productive capacity, drive economic growth and increase future incomes)
To distinguish between taxes and PAGE 4 THE INFORMATION TECHNOLOGY & INNOVATION FOUNDATION JANUARY 2014 spending that support investment versus consumption,
but by increasing investment and spurring more work effort, America can begin closing its three deficits
Tax Cuts and Investment Increases Tax increases and Spending cuts Corporate Tax Reductions Tax increases ï Establish an innovation
and investment tax credit ï Lower the corporate tax rate ï Increase taxes on individuals ï Introduce new taxes (e g.,
, carbon taxes) that do not significantly slow growth ï Broaden the tax base Increased Outlays Reduced Outlays ï Research and development ï Education ï Transportation infrastructure ï Federal IT investment ï
which, for many of the tax reductions and investment increases, we believe would be significant.
INCREASE INVESTMENTS, INCLUDING CUTTING BUSINESS TAXES A growth-oriented budget plan needs to encourage productivity-enhancing investments by the private and public sectors. This means reduced taxes on business, particularly on investments,
while also cutting the corporate rate will help move the United states away from a consumption-centered economy to an investment-centered one.
whether Congress should increase tax incentives for investment or reduce the corporate tax rate. Congress should do both.
Increase Tax Incentives for Investment Business investment in R&d new equipment and software and workforce training drive PIC.
However, in the last decade, the United states has fallen behind other nations in investment in these key building blocks. 8 As a result,
Congress should create a comprehensive tax credit for business investments in R&d, new equipment and software,
Such action would provide a tax credit of 45 percent of business investments on R&d and skills training,
However, once the effects of induced investment and higher economic growth were taken into account, ITIF estimated that the expanded credit would pay for itself after 15 years. 9 In other words,
whether Congress should increase tax incentives for investment or reduce the corporate tax rate. Congress should do both.
a lower rate would spur more investment, in part by increasing the after-tax returns from investments
and by reducing the incentive to move production offshore and encouraging more foreign companies to locate business activity here.
Policies that reward productive investment clearly increase the capital stock of the economy in turn producing higher incomes and more tax revenue.
Investment in R&d, Education, Infrastructure and Government Efficiency Federal public investment can be defined as those expenditures made today by government that produce income for the United states with a net present value greater than the cost of the expenditure.
Federal spending is truly investment only if it yields returns in excess of PAGE 7 THE INFORMATION TECHNOLOGY & INNOVATION FOUNDATION JANUARY 2014 expenditures.
America faces an investment deficit and increased public investment†along with incentives to spur private investment†is needed to remedy it. 15 In particular, Congress needs to increase public investment in four key areas:
science and technology, education and skills, surface transportation infrastructure and federal information technology (IT) investment. Although these policies would also increase the deficit,
they would have similar dynamic effects to those discussed above, which would partially or perhaps fully offset the cost.
Science and Technology The United states is in a global competition for innovative advantage. 16 Our international competitors have been strategically ramping up their public investments in research over the last two decades
while U s. investments have grown much more slowly. In terms of federal funding for nondefense R&d as a share of GDP
the United states ranked just twenty-eighth out of thirty-four nations studied by the OECD in 2010.17 And in terms of government investment in university research, of thirty-nine nations,
There are several areas that should be targeted for investment, including science, technology, engineering and mathematics (STEM) education, manufacturing skills standards,
while the required investments amount to nearly $100 billion per year. 25 Congress should increase the gas tax by 35 cents per gallon
Congress needs to increase public investment in four key areas: science and technology, education and skills, surface transportation infrastructure and federal information technology investment.
PAGE 8 THE INFORMATION TECHNOLOGY & INNOVATION FOUNDATION JANUARY 2014 Federal IT Investment A strategy to boost the productivity of the federal government should be a key part of any budget reduction strategy.
Mckinsey & Company finds that a 15 percent improvement in the efficiency of federal government operations could generate $1. 3 trillion in savings over the next ten years. 27 These sorts of efficiency gains have been routine
The kinds of investments and tax cuts proposed above are critical to boosting productivity. But to address the budget deficit without even larger cuts in spending
as noted above, increasing critical PIC-inducing investments and increasing incentives for expanded work hours.
but to the extent possible, cuts should not harm productivity, investment, or competitiveness and should also lead to increased work hours.
as commodity prices are enough to encourage future investment in the development of oil and gas.
and investment. 70 One reason for the lack of effect on the former is that as Moffit and Wilhem found,
there is not much evidence that they affect investment, which is what really matters. Currently, ordinary dividends are taxed at roughly 25 percent,
up from 15 percent before the ATRA passed. 73 Rather than leading to more investment,
there is some evidence that reduced taxes on dividends actually lead to lower levels of investment by companies as they pay out more earnings in dividend payments.
†and a cutback on larger investments that take longer to receive a payback. †74 Given the significant decrease in investment in structures, equipment and software by companies in the United states over the last two decades,
the much more persuasive argument is that investment managers are essentially getting paid a salary for their investment advice.
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
As such any debt reduction plan should focus on expanding growth and reducing the debt-to-GDP ratio, both by increasing growth through increased investment and reduced corporate taxes,
An Investment Guide to American Renewal (ITIF; Breakthrough Institute, November 2011), http://www. itif. org/files/2011-taking-three-deficits. pdf. 3. For an example, see:
A. Stewart and Robert D. Atkinson, â€oerestoring America†s Lagging Investment in Capital Goods†(ITIF, October 2013), http://www2. itif. org/2013-restoring-americas
-lagging-investment. pdf. 9. This is a net cost with approximately $34 billion of offsetting savings coming from eliminating expensing.
This also includes the credit on the induced expansion of investment. See: Matthew Stepp and Robert D. Atkinson, â€oean Innovation Carbon Price:
Djakov et al. conclude that a â€oe10 percentage point increase in the 1st year effective corporate tax rate reduces the aggregate investment to GDP ratio by about 2 percentage points. †Simeon Djankov, Tim Ganser
and Andrei Shleifer, â€oethe Effect of Corporate Taxes on Investment and Entrepreneurship, †NBER Working Paper no. 13756 (2008), www. nber. org/papers/w13756. 12.
An Investment Guide to American Renewal. 16. Robert D. Atkinson and Stephen J. Ezell, Innovation Economics:
The Affordable Care Act added an additional 3. 8 percent tax on net investment income
Luke A. Stewart and Robert D. Atkinson, â€oerestoring America†s Lagging Investment in Capital Goods†(ITIF, October 2013), http://www2. itif. org/2013
-restoring-americas-lagging-investment. pdf. 76. Congressional Budget Office, Options for Reducing the Deficit: 2014 to 2023,111. 77.
Distinguishing Between Productive Investment and Consumptive Spending Budget Policies INCREASE INVESTMENTS, INCLUDING CUTTING BUSINESS TAXES Reduce Effective Business Taxes Increase Tax Incentives for Investment Lower the Statutory Corporate Tax rate
Increase Outlays: Investment in R&d, Education, Infrastructure and Government Efficiency Science and Technology Education and Skills Surface Transportation Infrastructure Federal IT Investment POLICIES TO INCREASE WORK HOURS Increase
Prime-Age Residents†Work Rates Will These New Workers Take Jobs from Other Workers? SMART SPENDING CUTS Reduce the Growth of Social security Payments Eliminate Unproductive Business Subsidies,
69 5. Increasing Activation of the Unemployed 73 6. Growing Irish Enterprise and Foreign Direct Investment 77 7. Entrepreneurship 85 7.
8. Competitiveness 94 8. 1 Easier to do Business 95 8. 2 Institutionalising the Drive for Competitiveness 98 8. 3 Infrastructure Investment to Underpin Employment
winning more foreign direct investment, encouraging more Irish entrepreneurs to take the leap, improving SME access to finance,
To get Ireland back to a top-five ranking in international competitiveness 1st in the world for inward investment by quality
and value investment â 1st in the world for investment incentives investment â 1st in the world for availability of skilled labour labour 2nd in the Eurozone for ease of doing business business Overall,
Indigenous exports and foreign direct investment are at all-time record levels. Our competitiveness ranking internationally has climbed to 15th1.
and property solutions to attract investment. Europe†s Energy Innovation Hub As part of this reform we will provide a one-stop shop to position Ireland at the forefront of innovation
and attracting mobile investment in energy related research, management services, technologies and solutions, and drive energy efficiency in the public and private sectors to improve competitiveness.
and 35 new spinout companies. 12 Other Key Actions and Impacts Growing Jobs EI and IDA Ireland are embarking on new ambitious strategies to grow jobs, investment, entrepreneurship
IDA Ireland will target the winning of 160 new investment projects for Ireland and EI will target 5 FDI food projects.
and achieving the ambitious targets under Food Harvest 2020 (FH2020) for farm level investment and in food processing will impact directly on employment prospects in rural areas
EI will support 28 significant food industry investments, including five from foreign multinationals. The Food Competitiveness Fund will help to improve productivity and employment in the food processing sector.
We will continue our â 245 million programme of investment with industry in SFI Research Centres throughout the country.
but there is an encouraging shift in the make up for new investments. In 2015, efforts will continue to reinforce measures already introduced
and investment and access to talent. All agencies and departments have set out actions to contribute to the key indicators as part of this Action Plan for Jobs.
investment and growth in domestic sectors of the economy to help in addressing the employment challenge,
Foreign Direct Investment was buoyant in 2014 with IDA Ireland securing 197 investments and reporting a net increase in employment in client firms of 7, 131.
IDA Ireland figures indicate that 45 per cent of the investments came from companies investing in Ireland for the first time,
as Ireland†s value proposition continues to resonate with new investors. The Government Policy Statement on FDI published in 2014 is designed to ensure that Ireland†s inward investment offering continues to be attractive and competitive.
The long-term trend of declining sub-supply purchases in the economy by foreign subsidiaries has been reversed
Enterprise Agency Strategic Ambition Enterprise Ireland and IDA Ireland are embarking on new strategic drives to support enterprise and investment in the economy over the coming years.
and long term economic and job growth. 18 Foreign Direct Investment (FDI) has been, and will continue to be, an integral part of Ireland†s economic development strategy.
Ireland†s success in attracting foreign direct investment requires a focus on national competitiveness. Targeting of specific growth sectors
A number of structural weaknesses remain that we will continue to address as part of the Action Plan process including diversifying our export base and destination markets and sources of inward investment,
Similarly, IDA is making good progress on diversifying source markets for investment securing 20 per cent of new greenfield investments from high-growth and emerging markets in 2014.
ï§Win 160 new FDI investment projects together with five food FDI projects; and ï§New targets as part of IDA 2019 Strategy.
ï§Support 28 significant food and drink industry investments, five of which will be FDI projects; ï§Introduce a new Graduate Development Programme with a target of 10 graduates into the Food SME sector;
for example enhancing the weak growth levels in net capital stock particularly with regard to investment in machinery and equipment.
both in terms of the level of investment and the human resources engaged in RD&I activity. Business expenditure on RD&I and the number of indigenous and overseas firms that are RD&I active has continued to increase since 2011.
Given the ongoing programme of budget consolidation, sustained under-investment in infrastructure has the potential to act as a limiting factor with regard to future productivity growth.
while Ireland has made significant investment in infrastructure in recent years, further investment is required to ensure that our critical infrastructure can support economic recovery and enterprise growth.
The World Economic Forum Competitiveness Report finds that Ireland ranks 28th in terms of transport infrastructure. Without appropriate investment in transport infrastructure and service deficits, this congestion will erode our competitiveness,
negatively impacting on quality of life and reduce the attractiveness of our cities with regard to foreign direct investment.
In other key infrastructure areas such as next generation broadband significant commercial investment is now taking place,
and further investment is planned in the provision of high speed fixed line and mobile broadband services.
The Government has committed to a fibre based intervention to address areas where there is no commercial case for investment.
Selected Targets for 2015: 6 European commission Innovation Union Scoreboard 2013 2015 ACTION PLAN FOR JOBS 25 ï§A tender for the delivery of high speed broadband
and investment and that there are a series of upward cost pressures emerging. Particular focus is required to address domestically influenced cost factors in the labour market
Credit and Investment for Growth Limited funding flows in an economy damage the environment for entrepreneurship
which would have inhibited investment and growth. However, through strong support mechanisms now being offered at local level by the LEO network and centrally by Enterprise Ireland for the domestic SME sector
Public investment in education and training since the 1960s has had a major impact on Ireland†s social and economic development.
Action Plan for Jobs 2015 will see continued emphasis on the importance of skill levels as a key element of Ireland†s competitive position in terms of global investment and trade.
and investment in education and training, raising their skills profile, productivity and attractiveness to international investors.
For this reason, maintaining a strong level of investment to support high-quality outcomes in terms of skills will be critical to maintaining Ireland†s international competitiveness.
Direct engagement with the diaspora from a local level also has the potential to open up local investment and job opportunities.
s na Gaeltachta will continue a programme aimed at increasing investment in Gaeltacht areas. The Report of the Commission on the Economic Development of Rural areas (CEDRA) was published in 2014.
to help to support the attraction/embedding of Foreign Direct Investment in those locations. IDA) 45 Continue to work to attract Foreign Direct Investment in areas outside of Dublin and Cork.
IDA) 46 Growing on the successful strategy of providing property solutions in regional locations, continue a building
and refurbishment programme to help to support the attraction/expansion of Foreign Direct & Indigenous Investment in regional/rural locations in the Gaeltacht.
and investment to Ireland in terms of sustainable energy supply chain opportunities. Our current areas of success include:
as it focuses on how energy policy can facilitate increased investment, innovation, job creation and economic development without acting as a barrier to these important factors for the economic and social recoveries prioritised by the Government.
stimulate increased investment in growth, and generate additional employment opportunities. The SBCI€ s new forms of credit will give SMES a greater capacity and, indeed incentive,
to make investments on the basis of cash flow that is more tailored and customised to their business needs.
and ICO (the Spanish State Investment Bank) to support the financing of their respective SME sectors.
ï§The European Investment Bank (EIB; ï§Kreditanstalt fur Wiederaufbau (Kfw; and ï§The National Pension Reserve fund (ISIF.
The SBCI and the newly established Irish Strategic Investment Fund (ISIF) will, in relation to SME financing, operate as enabling institutions,
Furthermore, both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
s best-in-class by 2018 ï§Put in place a †Knowledge Development Box†income-based tax regime for intangible assets Knowledge Based Capital Increasing the level of investment in knowledge
which have existed for many years in countries that compete with us for foreign direct investment
This intellectual property offering will be a key element in attracting future foreign direct investment to Ireland.
A number of significant initiatives and investments were progressed in 2013 and 2014 in partnership with the enterprise sector
In particular Ireland has developed a world class research capability through investments in INSIGHT and Ceadar, and in 2014 the Government launched the Open Data Portal to act as the primary source of public sector datasets.
Ringfence â 4 million in 2015 to secure increased inward investment and export growth in high growth and emerging markets.
for exports and inward investment. The increased investment through IDA Ireland in overseas offices is targeting the creation of an additional 10,000 new jobs (6, 000 direct and 4, 000 indirect) over 5 years through an investment programme
which will see the provision of additional resources to IDA Ireland to be deployed overseas including in emerging markets,
tourism and investment and implement Local Market Plans in priority markets and to undertake targeted initiatives in sectors including international education services, engineering services, cultural services,
and design. 2015 Actions Winning Abroad 96 Ringfence â 4 million in additional funding in 2015 to secure increased inward investment and export growth in high growth
In addition LEOS have delivered a very successful competition to find Ireland†s Best Young Entrepreneur which gave rise to over 1, 000 applications for investment in new business projects from people under 30 years of age.
ï§Transitioning of the NPRF into the Ireland Strategic Investment Fund (ISIF; and ï§The roll out of a National Information Campaign on Late Payments.
Furthermore both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
and platforms being developed by the SBCI and the Ireland Strategic Investment Fund (ISIF) in conjunction with Enterprise Ireland.
DJEI) 4. 3 Engagement with International Funding Institutions Multilateral Development and National Promotional Banks Since 2012 there has been an emphasis on increasing our engagement across Government with both the European Investment Bank (EIB)
and the European Investment Fund (EIF) in developing and implementing mechanisms designed to maximise the provision of financing to SMES.
Similarly, building on its positive relationship with the German state investment bank Kfw, the SBCI will also continue to explore the potential for cooperation with other National Promotional Banks in seeking to enhance the funding environment for SMES in Ireland.
there is a need to encourage firms away from the current high level of reliance on debt financing towards a greater use of equity to fund investment.
and increasing the range of companies prepared to utilise it to finance investment. Indeed, the ESRI indicates that there are opportunities to expand the use of equity financing by the more domestically orientated cohort of Irish SMES.
and Investment Scheme (EII) and the Seed Capital Scheme (SCS) that are designed to increase the usage of these funding mechanisms for SMES.
ï§Investment in the management and operation of nursing homes, medium-sized enterprises in non-assisted areas,
and will target investment in the wider information and communications technologies and life sciences sectors of the economy.
ISIF) 118 Enterprise Ireland to work with the European Investment Fund to progress the establishment of a European Angel Fund in Ireland.
EI) 2015 ACTION PLAN FOR JOBS 69 119 The Department of Finance to work with the relevant stakeholders in raising awareness of the EII Scheme and promoting it as vehicle for channelling investment to grow enterprises and support employment.
For investment approximately 6. 1 per cent of firms used trade credit and it accounted for just over 58 per cent of total funds when used9.
Enterprise and Foreign Direct Investment From the onset, the Action Plan for Jobs has pursued an export-led approach to dealing with the jobs crisis
IDA Ireland, The irish Government agency responsible for attracting foreign direct investment, has reported the creation of 15,012 new jobs by IDA client companies during 2014.
and embed foreign direct investment here or our actions to strengthen and promote our world-class export base,
and Trade, oversees implementation of the Government Trade, Tourism and Investment Strategy (a Review of which was published in February 2014)
investment and education. 78 It reviews Local Market Plans which are produced annually for each of our 27 priority markets.
These Embassies and Consulates will provide a platform for further promotion of Irish exports, investment, tourism and education.
investment and people in order to deliver on Government†s ambition to have 2. 1 million people in employment in 2018
including sectoral effects, of a potential Transatlantic Trade and Investment Agreement (TTIP. Ireland†s enterprise policy will continue to be informed by independent and robust evaluations (ex-ante,
ï§Continue to implement the Government Trade, Tourism and Investment Strategy, the Africa Strategy and develop Strategies on Global Sourcing and Business Process Outsourcing;
ï§Publish a new IDA Ireland Strategy to grow foreign direct investment over the next 5 years;
and impacts, including sectoral effects of a potential Transatlantic Trade and Investment Agreement. DJEI) 138 Potential Exporters:
EI) 139 Implement the Review of the Government Trade, Tourism and Investment Strategy, published in February 2014.
and use such initiatives as the Africa Ireland Economic Forum to identify new opportunities for investment
investment and education events focused on key target markets, including exploratory and high potential markets as defined under the Review of the Trade, Tourism and Investment Strategy.
A substantial number of these missions and related events will be led at Ministerial level. DFAT, DJEI with relevant Departments and agencies) 80 145 Enterprise Ireland to develop a series of collaborative initiatives to drive exports and investment in priority markets in partnership with IDA Ireland, Bord
Bia, Science Foundation Ireland and the Department of Foreign affairs and Trade. EI, DJEI, DFAT) 146 Implement a targeted programme to attract senior level key Inward Buyer Visits from key companies to match Irish supply capability in key sectors.
IDA) 149 Roll out the delivery of Winning Abroad (see earlier section 3. 4).(IDA) 150 Work to win another 160 new FDI investment projects in 2015.
IDA) 151 Continue to win investments from High Growth and Emerging Markets together with new forms of FDI, the focus
and report on recommendations to increase foreign and domestic investment in Ireland†s film and TV sound stage studio infrastructure-and thereby increasing jobs-in the face of growing demand for audiovisual content across multiple platforms.
including through the regular updating of key messages on Ireland†s economic progress and trade, tourism and investment strengths and their communication by Ireland†s Embassy Network.
and ï§Develop an action programme of support for pre-investment HPSUS. 2015 Actions Culture,
so as to support innovation, entrepreneurship and attract mobile investment. EI/IDA) 196 Examine the Advisory Group on Small Business (AGSB) recommendations from December 2014
EI) 199 Develop an action programme of support for pre-investment HPSUS. EI) 200 Develop an action programme of support for scaling post-investment HPSUS.
EI) 201 Promote Ireland internationally as a startup location and attract 15 new overseas startups to establish their business here.
investment in infrastructure to underpin economic growth, enhancing firm level productivity, decreasing the costs of doing business,
and does not necessarily require investment. In fact, streamlining administrative process for businesses can simultaneously reduce overheads for public bodies
NCC) 8. 3 Infrastructure Investment to Underpin Employment Growth The NCC assessment is that our infrastructure still lags other countries
The NCC highlight in particular the importance of investment in telecommunications, transport, energy and waste management.
This investment will be across government, in support of social and economic infrastructure that will support direct employment through construction related activity,
Investment Area â million Agriculture, Food & the Marine 198 Arts, Heritage & the Gaeltacht 62 Children & Youth Affairs 35 Communications, Energy & Natural resources 89
Investment in 2015 â 3, 619 million Great Place to Live and Work Such investment in capital projects can have an immediate employment impact by way of jobs in the construction sector and related activity,
as well as supporting the longer term competitiveness of the economy. In addition, much of this capital spend will help make Ireland a better place in
The investment will also support the provision of enhanced or replacement facilities for 2, 000 primary school students and 4,
minor investment to increase capacity to address congestion in our cities, most notably LUAS Cross City in Dublin and other low-cost public and sustainable transport improvements,
and seek to maintain the competitiveness gains made through past investment. ï§Invest â 42 million in Sport,
Ros Muc and other investments as part of the Ireland 2016 programme, the refurbishment of the National Gallery, support for the film
since 2010, tackling barriers to investment in high growth sectors is vital to support real and sustainable productivity growth leading to increased employment. 102 The ramping up of world trade as we emerge from the global economic crisis presents the potential
for example enhancing the weak growth levels in net capital stock particularly with regard to investment in machinery and equipment.
This Framework is aimed at developing robust projects that are investment-ready, stimulating the development of a market for Energy Services Companies (ESCOS) and supporting sustainable employment in construction and professional services.
The key aim of the Framework is to encourage the development of robust projects which are investment-ready for financing entities (such as the National Energy efficiency Fund.
not least the public sector. The Fund is established with investment from the Government, Glen Dimplex and London and Regional Properties.
and have helped to increase RD&I activity and investment. Research prioritisation has aligned publicly funded research around 14 priority areas that are most likely to deliver economic and societal returns.
and international) to maximise return on investment and to optimise success under EU Framework programmes,(d) facilitating the translation of knowledge and the transfer of technology into jobs.
Based on national investment in research in recent years, Ireland is participating in EU Programmes from a far stronger position than ever before. 110 A critical mass of research activity has developed in both the public and private sectors
Enterprise Ireland will support 825 Industry-Led Collaborative research projects and 12 major food and drink innovation investments.
these important firms will be supported over the next twelve months in a variety of ways ranging from direct investment,
and industry leaders, with assistance from state enterprise agencies, have made strategic capital and capability investments in growth areas such as dairy,
In the dairy and whiskey industries alone, investment plans of up to â 600 million are being pursued actively by industry leaders,
ï§significant support for on farm capital investment; ï§a range of knowledge transfer measures;
which is a clear statement of the Government†s commitment to continued investment in rural Ireland. 2015 Actions Agri-food 295 Enterprise Ireland to support 28 significant food and drink
industry investments, five of which will be FDI projects. EI) 2015 ACTION PLAN FOR JOBS 117 296 Enterprise Ireland to introduce a new Graduate Development Programme with a target of 10 graduates into the Food SME sector to improve company
and Investment Missions to boost exports to priority markets and attract additional inward investment. DAFM and EI) 299 Implement the new Seafood Development Programme 2014-2020 (EMFF.
DAFM) 300 Attract graduate talent into the sector through the Bord Bia Marketing Fellowship and Strategic Growth Programme to improve export sales.
and will aim to promote investment, jobs and growth in the sector. Specific details and updates on the implementation of HOOW are provided on www. ouroceanwealth
The ide quipment he with our car ely needed to g Online Vou y. Olivia on t investment ugh the local cation proces n and revise o urpose built
and 126 ï§An examination of and report on the availability of development finance-the Ireland Strategic Investment Fund (ISIF) under the auspices of the NTMA is exploring ways, through its commercial mandate,
and interpretative centre at the GPO, the development of visitor facilities at Teach an Phiarsaigh, Ros Muc and other investments as part of the Ireland 2016 Programme.
and encourage investment in design by businesses in order to increase competitiveness; and ï§Leave a legacy to build on these aims over the longer term.
and encourage investment and collaboration in the design sector. ï§Create a startup investment platform for creative industry entrepreneurs,
aimed at accelerating some of the country†s most promising designers from a range of design disciplines. 132 ï§Support a series of cross-sectoral collaborations leading to new product development
and targeted trade and investment missions in alignment with Enterprise Ireland†s programme of events.
and investment missions and supported through an International Trade Fund to assist Irish designers and makers in accessing international markets.
and Education initiatives including design hubs, design networks, startup and investment platforms, cross-sectoral collaborations, design challenges and funded design development programmes.
DCCOI, ID2015, DJEI) 348 Devise a strategy to ensure longer-term development of the design sector and business investment in design as part of the legacy of ID2015.
the findings of EI and IDA's engagement with manufacturing firms to assess the need for public investment in research infrastructure
in order to encourage greater investment in the sector in Ireland. The opportunity will also be taken to explore the potential for the development of new employment opportunities in the Green Economy at regional level as part of the development of Regional Enterprise Strategies.
and appropriate tools to communicate the performance of Ireland†s Green Economy to global audiences more effectively to encourage greater investment in the sector in Ireland.
IDA, EI, SFI) 365 In response to continued growth in biopharmaceutical manufacturing investment, there will be a continued focus on this skill area in Springboard 2015,
and emerging markets ï§Win 160 new FDI investment ï§New targets as part of IDA 2019 Strategy 2. 1-National Talent Drive
Abroad 3. 7-Trading Online 4-Financing Growth 6-Growing Irish Enterprise and Foreign Direct Investment 8. 2-Easier To do Business
by â 30m ï§Tourism to 250,000 by 2025 ï§Support 28 significant food and drink industry investments, five
and lifelong learning 7. 9%of adults engaged 8. 2%of adults engaged 3. 7 In-company investment in training and education â 132 million â 149 million 146
150m in research funding for Ireland under EU Horizon 2020 in 2015 ï§Number of firms with RD&I investment>â 100
000 (1, 016) of indigenous and MNC (2017) ï§Number of firms with RD&I investment>â 2, 000,000 (169) of indigenous and MNC (2017) ï§Increase
Enhances the availability of funding mechanisms for SMES Objective Baseline (2011) Current Performance 2015 Targets Relevant APJ Sections 10.1 Increase in investment by enterprises Q1-Q3
2011 Manufacturing Capital Investment â 1. 06bn Q1-Q3 2014 Manufacturing Capital Investment â 2. 8bn(+163%)ï§To demonstrate the Online Tool
Finance Ireland 149 (Scheme launched on Oct 1 2012) 119 (Q3 2014) 10.7 Goods Vehicles Investments Goods vehicles registrations 2011: 17,415 Goods vehicles
Tourism and Sport EGFSN Expert Group on Future Skills Needs 2015 ACTION PLAN FOR JOBS 157 EI Enterprise Ireland EIB European Investment Bank
EIF European Investment Fund EII Employment and Investment Incentive scheme EMFF European Maritime and Fisheries Fund EPA Environmental protection agency EPC Energy Performance Contracting ESRI
Foreign Direct Investment FET Further Education and Training FH2020 Food Harvest 2020 GEDI Global Entrepreneurship Development Index GEM Global Entrepreneurship Monitor
Research Council ISIF Irish Strategic Investment Fund ISME Irish Small and Medium Enterprises Association ISO International organisation for Standardisation ITI Intertradeireland Kfw Kreditanstalt
Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011