TMCnet News
North West of Ireland Launches Economic Development Initiative in MassachusettsThe North West of Ireland announced today the establishment of a new economic development program will serve a dual mission assisting U.S. companies utilize their region as a gateway to Europe and help accelerate Irish companies expand to the North American market. The North West of Ireland is a connected area of leading universities, research and development centers, and global corporations. As a result of this knowledge economy cluster, DuPont, Fujitsu (News - Alert), United Health, and Abbot all have located significant operations in this region. The North West of Ireland has engaged Boston-based economic development consulting firm Benchmark Strategies to support its bilateral trade and investment initiative in Massachusetts. The region will be working closely with corporations, industry associations, and site selection consultants to build business partnerships that will lead to job creation and economic growth. CEO's of Derry City and Strabane District Council and Donegal County Counci commented: "The North West of Ireland has a long history of collaboration and business linkages with the wider Commonwealth of Massachusetts. We are delighted to announce this strategic initiative aimed at further embedding these relationships. "Our proposition is a simple one - we have some of the most talented, innovative and creative companies situated anywhere in the world. We can offer companies, with expansion plans the opportunity to trade within both the EU and UK regulatory environments. We can support this expansion through superfast broadband connectivity, a University Educated skills base and a competitive corporation tax base." The key strengths of the region is the strategic cross-border partnership which has evolved between Derry City and Strabane District and Donegal, capitalizing on the many exceptional resources. This partnership exemplifies regional economic development collaboration that best serve inbound and outbound foreign investment. The North West of Ireland has served as a nexus point for global companies due to the region's reputation as an excellent base for business, whether a small local company or a multi-national corporation, firms can benefit from the world class level of wireless and high-speed broadband connectivity. The connectivity infrastructure provides companies with a competitive advantage in the European marketplace. In November, the North West of Ireland will lead a business delegation of technology companies that are interested in expanding to the United States.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160629005744/en/ |
