MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--The US and Ireland have a long history of cultural, business, economic and political ties and this St. Patrick’s Day is time to celebrate this relationship, not only for the 9,000 Irish-born people living in the greater San Francisco Bay Area, but also for the 36 million Americans that claim Irish heritage across the United States, according to the Investment Development Agency (IDA) Ireland, the Irish government agency responsible for foreign direct investment.
“West Coast American businesses have always been drawn to Ireland. It’s a tradition that goes back to the early 1900s and we are proud to support such growth from our office in California which has been operational for close to 40 years,” said Paraic Hayes, SVP Western US, IDA Ireland. “Developments in Europe such as Brexit have created global ripples. But upheaval also creates opportunities for the US and for Ireland to forge even closer, mutually beneficial ties.”
For the over 200 US West Coast companies that have made Ireland their home and the Irish firms who have created 100,000 US jobs, the coming year poses challenges, but also unprecedented opportunities. Ireland has been a bridge to Europe for over 70 years and today’s invaluable, transatlantic technology and business gateway is very much a two-way highway along which the US enjoys access to a barrier-free market of 500 million Europeans and a great base from which to access the Middle East, Africa, and further afield.
Similarly, Irish companies such as Altocloud, Aerogen, Fenergo, MCor, Voxpro, as well as Irish founded tech leaders like Stripe, Intercom, and Movidius, have all capitalized on global opportunities that can be tapped into from the US. 2017 is set to be a landmark year for the many thriving Irish companies that have made the US their home, establishing Ireland as the 7th largest source of Foreign Direct Investment (FDI) in the US.
Post Brexit, Ireland will now be the only English-speaking country in the EU. Its skilled workforce, multicultural and multilingual talent, pro-business policies, gateway status to Europe and the Middle East market means it will become even more attractive than ever as an FDI hub for expanding US firms. In addition, Ireland was recently voted the number one Go-To location for the next wave of fast-growing, exciting companies.
“This St. Patrick’s Day, it is only fitting to recognize this transatlantic technology and business partnership that’s proving so valuable for US and Irish business alike,” continued Hayes. “We are proud to work with great US tech and life sciences companies such as Fitbit, Airbnb, Looker, NGNIX, Gilead, Facebook, Apple, Microsoft, Amazon and so many more globally-recognized firms that now call Ireland their home away from home.”
About IDA Ireland
Ireland's inward investment promotion agency, IDA Ireland is a government agency promoting Foreign Direct Investment into Ireland through a wide range of services. We partner with potential and existing investors to help them establish or expand their operations in Ireland. For more information visit www.idaireland.com