- Irish exports to North America reached a record €6.48bn in 2023, while exports to the United States have increased by almost 60% over the past five years.
- North American IDA Ireland clients now employ over 210,000 people directly across all regions in Ireland.
- Series of high-level meetings with key decision makers in Life science, Technology and Financial Service sectors to promote Ireland for new investment.
- 80 new market presences have been established by Enterprise Ireland clients in the United States in the last 18 months.
- Irish companies, Version 1, Tines, Intact Software, Novum, Uniphar and Apple Green announce new offices and expansion in US market.
The Trade Mission is taking place on the back of record Irish exports to North America of €6.48bn in 2023 and a record number of 210,000 people employed by US multinational companies in Ireland. North America now accounts for 19% of all exports by Enterprise Ireland backed companies.
Several Enterprise Ireland companies will announce new market presences and expansion plans in the United States during the Trade Mission, including Version 1, Novum, Tines, Uniphar, Intact Software and Apple Green. The new office announcements signify the growing presence of Irish businesses in the US market and their commitment to providing localised services to their American clients. 80 new market presences have been established by Enterprise Ireland clients in the United States in the last 18 months.
There are currently over 900 Irish owned companies exporting to the United States, an estimated 73% of these having a full-time presence in the market, ranging from sales offices to manufacturing operations with thousands of employees.
From a Foreign Direct Investment (FDI) perspective, US companies choose Ireland as an entry point to Europe, the world’s largest single market area. From Ireland, they have a proven location from which they gain access to a highly skilled, English speaking, flexible work force which shares many cultural and historic ties with the United States.
The travelling delegation will have a series of meetings with C-Suite executives from some of the most innovative companies in the world, such as, Analog Devices, BD, Citi, JP Morgan, PepsiCo and State Street which employ a significant number of people across Ireland. This Trade Mission offers an opportunity to build and enhance our partnerships and highlight how Ireland offers a stable and pro-business environment for investment.
IDA Ireland clients from North America have 972 operations in Ireland, employing over 210,000 people directly. Most recent figures available show that US companies spent approximately €16bn on payroll in Ireland in 2022, €10.8bn on goods & services and invested approximately €14.2bn of Capital Expenditure.
Speaking ahead of the Trade Mission, Minister Peter Burke said, “Trade Missions to key cities on the East Coast, such as New York and Boston, play a pivotal role in promoting thriving entrepreneurship between the United States and Ireland. Irish companies already make a significant impact to the United States economy, with exports to North America exceeding €6 billion in 2023. I look forward to promoting Ireland as both a source of world-class products and services and as a world-leading destination for FDI on my visit."
Highlights of the programme include:
- An Enterprise Ireland and Ireland Strategic Investment Fund (ISIF) co-hosted Venture Capital Breakfast roundtable in New York City. Enterprise Ireland clients VRAI, Get Visibility and Vaultree will pitch during the programme.
- High level meetings with IDA Ireland clients in Financial Services, Technology and Life Sciences sectors.
- Visit to AppleGreen’s newest site in Ardsley, Westchester County, New York.
- Visit to Workhuman’s new 157,000 sq ft office in Framingham, Massachusetts.
- Executive meetings with EnteraSense, PM Group, Tines, and Uniphar in Boston.
- Enterprise Ireland announce partnership with CHIEF, a private women's business networking organization for senior executives to support Enterprise Ireland women leaders, based in the United States.
IDA Ireland CEO, Michael Lohan said, “2024 marks the centenary of the economic relationship between Ireland and the United States and I will be using this trade mission to remind investors of Ireland’s global position as a stable location for investment and expansion. Throughout the week, we will be meeting with some of the largest and most dynamic companies in the technology, financial services and life sciences sectors, both existing and new, who are seeking a pro-business location to grow their businesses. Competition for foreign direct investment has never been as intense and trade missions like this enable IDA Ireland to increase awareness of Ireland’s offering as an attractive place to invest and to grow. I will use the opportunity to highlight how IDA Ireland is partnering with clients on delivering competitiveness-enhancing, transformative investments with a focus on R&D, digitalisation, sustainability and talent development. I look forward to discussing these opportunities with our existing and target companies in person on this trip.”
Enterprise Ireland client announcements during the Trade Mission include:
- Version 1 has recently opened an office in New York to be centred close to its strategic customers in financial services, insurance, and capital markets. Today it is celebrating the introduction of a re-energised brand identity and the launch of a new website, signposting a strong growth trajectory where the US market plays an important role.
- Capella, the software company that specialises in data, reporting and insights on occupancy and space utilisation, today launched a €2 million funding round to further fund its expansion into the US. The funding round is supported by Enterprise Ireland. The significant growth will enable Capella to further develop its software and expand its US presence, where it holds an office in New York City. In preparation for its expansion, Capella announced 30 jobs last year.
- Headquartered in Dundalk, Intact Software, announce opening of their first US office in Connecticut, with plans to scale the business across the continent.
- Commercial refrigeration company, Novum announce opening of new US showroom and distribution centre. The award-winning LEAP™ Technology developed with customer-collaboration at the Novum Refrigeration Labs in Dublin is accelerating the futureproofing and growth of Frozen Food Retail, globally.
- WaterWipes continues to grow and expand in North America, supported by their most recent launch of their latest innovation, Hydrating Clean wipes. WaterWipes now employs 400 employees globally, 30 in North America alone, with an additional 55 added in 2024.
- Salaso Health Solutions, an award-winning digital health company, is excited to announce a multi-year extension of its partnership with Northwell Health, New York State’s largest health system. Salaso will support the physical health and well-being of Northwell Health’s 87,000+ employees with their myHealthyBody digital solution.
- Workflow automation company, Tines, headquartered in Dublin with offices in Boston announce the expansion of their US team by 35%, with over 40 new jobs to be recruited in areas including engineering, product development, product marketing, and management. Tines have recently raised an additional $50 million in an oversubscribed Series B extension round, with the company having raised a total of $145 million since its foundation in 2018.
- Irish healthcare services firm, Uniphar, with revenues of €2.6bn in 2023, continues to scale across the United States, complimenting their recent acquisitions with a significant investment in a new 65,000 square foot pharma grade facility on the East Coast.
