Economy of Limerick
Encyclopedia
Statistics
County ClareCounty Clare
-History:There was a Neolithic civilisation in the Clare area — the name of the peoples is unknown, but the Prehistoric peoples left evidence behind in the form of ancient dolmen; single-chamber megalithic tombs, usually consisting of three or more upright stones...
, County Limerick
County Limerick
It is thought that humans had established themselves in the Lough Gur area of the county as early as 3000 BC, while megalithic remains found at Duntryleague date back further to 3500 BC...
and North Tipperary
North Tipperary
North Tipperary is a county in Ireland. It is part of the Mid-West Region and is also located in the province of Munster. It is named after the town of Tipperary and consists of 48% of the land area of the traditional county of Tipperary. The county was established in 1898 and has had a county...
as part of the Mid-West region with a population of 360,000 has a GVA of €10.7bn(2005).
GVA per capita(2005) in Greater Dublin is €42,435, while GVA in the Mid-West is €30,423, which means that the MW region has the third highest GVA per capita in Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
.
Most of the industry in the Mid-West is concentrated around the Limerick urban area and the Shannon Free Zone
Shannon Free Zone
Shannon Free Zone is a , international business park adjacent to Shannon International Airport, County Clare, Ireland which is 18 km from Ennis and 20 km from Limerick city. Businesses based on the site enjoy a very attractive tax package on their profits. This has served to attract a...
, centred on the Limerick/Ennis Suburban Rail network.
The main urban centres in the region are the Limerick urban area with almost 100,000, then Ennis
Ennis
Ennis is the county town of Clare in Ireland. Situated on the River Fergus, it lies north of Limerick and south of Galway. Its name is a shortening of the original ....
(25,000), Shannon
Shannon, County Clare
Shannon or Shannon Town , named after the river near which it stands, is a town located in County Clare. It was given town status on 1 January 1982. The town is located just off the N19 road, a spur of the N18/M18 road between Limerick city and Ennis....
(9,000), Nenagh
Nenagh
Nenagh is the county town of North Tipperary in Ireland. It is the administrative centre of North Tipperary and in 2011 it had a recorded population of 7,995. It is a civil parish in the historical barony of Ormond Lower...
(9,000), Thurles
Thurles
Thurles is a town situated in North Tipperary, Ireland. It is a civil parish in the historical barony of Eliogarty and is also an ecclesiastical parish in the Roman Catholic Archdiocese of Cashel and Emly...
(8,000), Newcastle-West (7,000).
Limerick is the second biggest city in the province of Munster
Munster
Munster is one of the Provinces of Ireland situated in the south of Ireland. In Ancient Ireland, it was one of the fifths ruled by a "king of over-kings" . Following the Norman invasion of Ireland, the ancient kingdoms were shired into a number of counties for administrative and judicial purposes...
and
Ireland's third biggest city..
Here are some of the companies within this area:
- Dell
- Analog Devices
- Kostal
- Vistakon (Johnson & Johnson)
- Roche
- Olympus
- Procter & GambleProcter & GambleProcter & Gamble is a Fortune 500 American multinational corporation headquartered in downtown Cincinnati, Ohio and manufactures a wide range of consumer goods....
- Banta
- Intel
- GE Capital Services
There are two main third-level institutions, University of Limerick
University of Limerick
The University of Limerick is a university in Ireland near the city of Limerick on the island's west coast. It was established in 1972 as the National Institute for Higher Education, Limerick and became a university by statute in 1989 in accordance with the University of Limerick Act 1989...
and Limerick Institute of Technology
Limerick Institute of Technology
Limerick Institute of Technology is an institution of higher education in Limerick, Ireland and is one of 13 institutes that are members of the Institutes of Technology Ireland . The Institute has four campuses in Limerick City, one in both Thurles and Clonmel in County Tipperary and a regional...
which have a combined population of over 20,000 students.
Shannon Free Zone
The Shannon Free Zone is a 600 acres (2.4 km²) site in County Clare, located 15 minutes from EnnisEnnis
Ennis is the county town of Clare in Ireland. Situated on the River Fergus, it lies north of Limerick and south of Galway. Its name is a shortening of the original ....
and 20 minutes from Limerick city. Over 7,500 are employed in the business park, making it one the biggest in the state and a huge employment hub in the region.
Companies located there are: Avocent, GE Capital, Ingersoll Rand, Intel, Lufthansa Technik, Mentor Graphics, Molex, Shannon Engine Support, RSA Security and Veritas Software.
Shannon Airport
Shannon AirportShannon Airport
Shannon Airport, is one of the Republic of Ireland's three primary airports along with Dublin and Cork. In 2010 around 1,750,000 passengers passed through the airport, making it the third busiest airport in the Republic of Ireland after Dublin and Cork, and the fifth busiest airport on the island...
is the key piece of infrastructure in the region and is extremely important for companies in the region to have easy access to other international markets by using the airport.
The airport is the 2nd busiest airport in the Republic of Ireland with 3.62 million passengers in 2007.
Business parks
The IDA business parks in the Mid-West region are:Limerick
Limerick
Limerick is the third largest city in the Republic of Ireland, and the principal city of County Limerick and Ireland's Mid-West Region. It is the fifth most populous city in all of Ireland. When taking the extra-municipal suburbs into account, Limerick is the third largest conurbation in the...
:
- National Technology Park -325 Hectare (800 acres) - on the campus of the University of Limerick
- Raheen Business Park - 178 Hectare (440 acres).
Ennis
Ennis
Ennis is the county town of Clare in Ireland. Situated on the River Fergus, it lies north of Limerick and south of Galway. Its name is a shortening of the original ....
:
- A new 30 acres (121,405.8 m²) Business Park is currently under development called Information Park Ennis with Building 1 now complete. Other buildings, to be completed, will provide a total 4,185 sq m/45,000 sq ft of office and incubation space.
A range of privately owned properties are also available in Ennis.
Thurles
Thurles
Thurles is a town situated in North Tipperary, Ireland. It is a civil parish in the historical barony of Eliogarty and is also an ecclesiastical parish in the Roman Catholic Archdiocese of Cashel and Emly...
:
- Tipperary Technology Park is a fully serviced park with a Business Incubation Centre and manufacturing and office accommodation.