Jurisdiction Ireland Founded 1949 | Website www.idaireland.com Headquarters Dublin | |
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Formed 1949; 68 years ago (1949) CEO Martin Shanahan (Aug 2014–) Profiles | ||
Ida ireland s touchdown in ireland event 2016
IDA Ireland is the agency responsible for the attraction and development of foreign direct investment (FDI) in Ireland. The agency was founded in 1949 as the Industrial Development Authority and placed on a statutory footing a year later. Throughout the 1950s, the IDA established its vision of 'industrialisation by invitation', a vision which initiated the low corporation-tax system that remains in place in Ireland today.
According to an article in a U.S. law journal in 1984, the IDA is 'probably the most powerful governmental agency in Ireland', as it 'acts as both coordinator and lobbyist for all matters relating to manufacturing and service industries as well as the industrial infrastructure'. In recent years, many countries and regions have created industrial development authorities modeled on IDA Ireland to encourage FDI and economic growth.
IDA Ireland is responsible for the attraction and development of FDI in Ireland and collaborates with existing foreign investors to expand their businesses in Ireland.
IDA Ireland has partnered with 1,200 overseas companies who have already established operations in Ireland. These companies come from many industry sectors, including financial services, bio-pharmaceuticals, MedTech, engineering, and technology.
IDA Ireland has a global network of offices in USA, Europe, and Asia-Pacific.
Martin Shanahan is chief executive officer of IDA Ireland.