US firms operating in Ireland are calling on the Irish government to address the country’s housing gap and take action to plan for its growing population.
A recent survey conducted by the American Chamber of Commerce in Ireland (AmCham) reveals that the majority of US companies are planning to expand their workforce in Ireland over the next year. These companies view Ireland as a favorable investment location, with 91% of respondents reporting a positive perception of the country.
However, housing has emerged as a significant challenge for business growth, with 57% of firms identifying it as a top priority. In response, AmCham is urging the government to prioritize critical infrastructure and investments within the planning system. The organization also emphasizes the importance of ensuring certainty in energy cost and supply, as well as investing in renewable energy and digital and cyber skills.
Addressing these issues will be crucial for sustaining Ireland’s attractiveness as an investment destination for US firms.
Challenges for Business Growth
Housing is identified as a significant challenge for business growth in Ireland by a majority of US firms surveyed by the American Chamber of Commerce in Ireland (AmCham), with 57% of respondents citing it as the most important obstacle to overcome.
The survey conducted by AmCham revealed that US firms view the housing gap in Ireland as a pressing issue that needs immediate attention from the government. This concern is further highlighted by the fact that 60% of the surveyed firms believe that housing requires the most urgent investment.
The lack of affordable and suitable housing options in Ireland poses a major hindrance to business growth and expansion. It is imperative for the government to address this issue and prioritize housing investments in order to facilitate a conducive environment for businesses to thrive.
Investment and Infrastructure
Investment and infrastructure are key areas of concern for US companies operating in Ireland, according to a recent survey conducted by the American Chamber of Commerce in Ireland.
The survey revealed that 57% of firms cited housing as the most important challenge for Ireland to overcome for business growth, with 60% stating that housing requires the most urgent investment from the government.
In addition, 82% of firms believe that the government should implement a triage system to prioritize critical infrastructure and investments within the planning system.
The survey also highlighted the importance of certainty of energy cost and supply, with 96% of firms stating that it is important for foreign investment in Ireland.
These findings emphasize the need for the government to address these concerns and invest in the necessary infrastructure to support business growth and attract foreign investment.
Vision for the Future
One aspect of the American Chamber of Commerce in Ireland’s vision for the future involves prioritizing critical infrastructure and fostering collaboration between universities and industry.
According to a survey conducted by AmCham, 82% of US firms believe that the Irish government should implement a triage system to prioritize critical infrastructure and investments within the planning system. This indicates the importance of ensuring that necessary infrastructure is in place to support business growth and attract foreign investment.
Additionally, 76% of firms surveyed believe that there should be more collaboration between universities and industry, emphasizing the need for a strong research ecosystem and the development of relevant skills.
By prioritizing critical infrastructure and promoting collaboration, Ireland can position itself as an attractive investment location and ensure its continued economic growth in the future.
