Hi everyone & welcome back to my blog! This week I will be sharing my thoughts on if Tech firms should invest in the South-East of Ireland - The counties of Wexford, Waterford, Kilkenny, Tipperary, and Carlow. Overall, I think the South – East is an excellent choice.
What are tech companies looking for from their location choices?
Good Infrastructure – The South East of Ireland has good infrastructure Including the N25 Waterford by-pass & the N25 New Ross by-pass. Modern infrastructure allows employees to travel to the office reliably and efficiently from a commuting county. For example, the South- East Infrastructure system is better suited than the West of Ireland.
Who do we want to Invest in the South – East?
The magic 7 Tech companies: Amazon, Alphabet, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, all which have offices in Ireland but Nvidia. This is due to Irelands low rate of corporation tax. These companies make up over 30% of the S & P 500 index and are monumental to any country's economy that they get involved with. (foolwealth.com)
Why relocate from Dublin?
Cost Savings
- 50% lower industrial property costs (Ireland Southeast, 2024)
- 33% Cost savings for businesses in Southeast compared to Dublin
Same access to workers
The Southeast Technological University has close to 20,000 students that are undertaking the relevant business and computer science courses to become competent employees in a technology company. Also, many current workers who travel to the Dublin office are from the south – East area.
People are incredibly happy in the South – East
89% of People are satisfied after locating to the South-East (Local Enterprise Office, 2024) & Workplaces in the region have a staff retention rate of 90% (Ireland Southeast, 2024).
If my reasons have not been convincing enough. Please check out this informative video on the topic:
https://www.youtube.com/watch?si=nn-pfG_cgzSmnQYx&v=atQLxBYJMvY&feature=youtu.be
I encourage all workers in a Dublin based office to speak to their managers and campaign for a re- location to the South- East!
Thanks for reading & please leave your feedback below!
I would argue that the lack of housing is disrupting the move to the south-east
ReplyDeleteGood point - Government Investment is definitely needed in this area
DeleteVery interesting points made in this piece Dara!
ReplyDeleteGood work
Thank you!
DeleteYou make some great arguments, it will be interesting to see the growth in this area!
ReplyDeleteThanks for the feedback!
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