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IDA Ireland Recommits to Silicon Valley and U.S. Innovation, Moves West Coast HQ to Palo Alto

Mar 17, 2025 - financialpost.com
IDA Ireland, the foreign direct investment arm of the Irish government, is strengthening its presence on the U.S. West Coast by relocating its office to Palo Alto, California, at the heart of Silicon Valley. This move underscores IDA Ireland's commitment to fostering innovation and investment from the region, which has been pivotal in advancing long-term investments and innovation in Ireland. California-based companies have contributed significantly to Ireland's economy, accounting for over 50,000 jobs. The agency aims to create more than 75,000 new jobs over the next five years by focusing on digitalization, AI, semiconductors, health, and sustainability.

IDA Ireland has maintained a presence in California for over 40 years, with the West Coast being a major source of foreign direct investment. The agency's strategic plan includes expanding operations in Ireland across various sectors, including technology, pharmaceuticals, and financial services. Notable companies like Microsoft and ServiceNow have recently expanded their operations in Ireland, contributing to the country's reputation as a center for value and knowledge creation. The new office in Palo Alto reaffirms IDA Ireland's dedication to driving economic growth and job creation by fostering a vibrant and sustainable business ecosystem.

Key takeaways:

  • IDA Ireland is moving its West Coast headquarters to Palo Alto to strengthen its presence in Silicon Valley.
  • California-based companies have created over 50,000 jobs in Ireland, with a new company establishing operations in Ireland every four weeks on average.
  • IDA Ireland's strategic plan aims to create over 75,000 new jobs in sectors like digitalisation, AI, semiconductors, health, and sustainability over the next five years.
  • Major companies like Amazon, Microsoft, and Apple are among the largest international employers in Ireland, with significant operations established by West Coast-headquartered companies.
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