IDA Ireland
Encyclopedia
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...
. The agency was founded in 1949 as the Industrial Development Authority and placed on a statutory footing a year later. The sponsoring minister was Daniel Morrissey
Daniel Morrissey
Daniel Morrissey was an Irish politician who served in Dáil Éireann for thirty-five years.He was a native of Nenagh, County Tipperary. He was first elected to the 3rd Dáil at the 1922 general election as a Labour Party Teachta Dála for Tipperary Mid, North and South...
of Fine Gael
Fine Gael
Fine Gael is a centre-right to centrist political party in the Republic of Ireland. It is the single largest party in Ireland in the Oireachtas, in local government, and in terms of Members of the European Parliament. The party has a membership of over 35,000...
who was influenced by a friend of his, a Czech businessman who experienced his country's economic success in the pre war period.
During the Lemass Era
Lemass Era
The Lemass era is the term given to the period of economic change between 1959 and 1966 in the Republic of Ireland. It is so termed because the Taoiseach of Ireland at the time was Seán Lemass...
the authority changed its role greatly and took a central role in reform
Reform movement
A reform movement is a kind of social movement that aims to make gradual change, or change in certain aspects of society, rather than rapid or fundamental changes...
and industrialisation
Industrialisation
Industrialization is the process of social and economic change that transforms a human group from an agrarian society into an industrial one...
of the economy. In 1994 the authority became the Industrial Development Agency (Ireland) or more commonly, IDA Ireland. In recent years many countries and regions have created industrial development authorities modelled on the agency to encourage foreign direct investment and economic growth.
IDA Ireland is responsible for the attraction and development of foreign direct investment in Ireland. The promotion of Irish companies is the responsibility of Enterprise Ireland
Enterprise Ireland
Enterprise Ireland is the Irish leading state economic development agency focused on helping Irish-owned business deliver new export sales. The core mission of Enterprise Ireland is to accelerate the development of Irish enterprises capable of achieving strong positions in global markets resulting...
and policy and advisory matters are handled by Forfás
Forfás
Forfás is the national policy advisory board for enterprise, trade, science, technology and innovation in the Republic of Ireland. The agency was established in January 1994 under the and is run by a board appointed by the Minister for Enterprise, Trade and Employment, to whom the agency is...
. These agencies are responsible to the Minister for Enterprise, Trade & Innovation
Minister for Enterprise, Trade and Employment (Ireland)
The Minister for Jobs, Enterprise and Innovation is the senior minister at the Department of Jobs, Enterprise and Innovation in the Government of Ireland.The current Minister for Jobs, Enterprise and Innovation is Richard Bruton, TD...
in the Irish Government
Irish Government
The Government of Ireland is the cabinet that exercises executive authority in Ireland.-Members of the Government:Membership of the Government is regulated fundamentally by the Constitution of Ireland. The Government is headed by a prime minister called the Taoiseach...
.
The IDA is responsible for the development and promotion of foreign industry and enterprise in Ireland. The IDA is focusing on attracting high value investment into Ireland such as Research & Development activities, European Headquarters, Advanced manufacturing and supply chain management activities.
See also
- Shannon DevelopmentShannon DevelopmentShannon Development is an important regional development body for the Shannon Region of Ireland and encompases counties Clare, Limerick, and parts of Kerry, Offaly and Tipperary....
- Enterprise IrelandEnterprise IrelandEnterprise Ireland is the Irish leading state economic development agency focused on helping Irish-owned business deliver new export sales. The core mission of Enterprise Ireland is to accelerate the development of Irish enterprises capable of achieving strong positions in global markets resulting...
- Irish Business and Employers ConfederationIrish Business and Employers ConfederationThe Irish Business and Employers Confederation is Ireland's largest business and employers lobbying organisation. It represents the interests of over 7500 organisations of all sizes, regions and industry sectors...
- ForfasForfásForfás is the national policy advisory board for enterprise, trade, science, technology and innovation in the Republic of Ireland. The agency was established in January 1994 under the and is run by a board appointed by the Minister for Enterprise, Trade and Employment, to whom the agency is...