Ireland has one of the strongest economies in the European Union (EU).
For decades, US business has intuitively understood this potential and availed of the springboard that Ireland provides to a market of more than 500 million people to its advantage.
From Henry Ford a century ago to the presence of the Europe Middle East and Africa (EMEA) headquarters of many of the modern world’s global technology, bio-pharma, and med-tech
leaders, Ireland offers a home from home environment for US business.
Irish business in the US The economic relationship between Ireland and the US is a two-way story. Irish companies employ almost as many people in the US as US companies employ in
Ireland. Over 500 Irish companies operate in the US in sectors as diverse as agri-food manufacturing, building materials, construction, and services. These firms bring investment, good quality jobs and wages to the US. A new chapter is now being written by a generation of young entrepreneurs from Ireland who have begun in recent years to set up new businesses in the US, emphasising the mobile nature of talent between the two countries and cultural compatibility.
Ireland has a unique proposition to offer US companies and shareholders. Between 2012 and 2016, the annual return on investment in Ireland by US companies averaged 12.7%. In 2017, the European Commission ranked Ireland as the fastest growing economy in the EU with a growth rate three times the EU average.