IDA Ireland is the agency responsible for industrial development in Ireland. The agency was founded in 1949 as the Industrial Development Authority and in 1994 became the Industrial Development Agency (Ireland) or more commonly the IDA Ireland.

The 1994 reform also limited its sphere of influence to the foreign direct investment arena, the promotion of indiginous companies has been passed to Enterprise Ireland, whilst policy and advisory matters are dealt with by Forfas. The agency is responsible to the Minister for Enterprise, Trade & Employment in the Irish Government.

The agency is responsible for the development and promotion of foreign industry and enterprise in Ireland. Typically this is done by offering incentives, such as tax reduction, grants and buildings to carry out business in. In recent years the Celtic Tiger has raised concerns that the agency is not introducing enough research and value added companies into Ireland, high skills industries are believed to be critical for the continued development of the economy of Ireland.

External link

• Official site (http://www.idaireland.com)