Ireland INC celebrates 10 years of Ireland’s expanding business footprint across the United States as Ibec joins in support of the 30:50:30 Initiative
Today, at the Ireland INC leadership breakfast in partnership with the New York Stock Exchange at the New York Stock Exchange, a new strategic plan on the expansion of Irish jobs in the United States was launched. The meeting was co-chaired by Congressman Richard Neal, Chair of the House and Ways Committee and Ian Hyland, CEO of Ireland INC.
Despite the unprecedented challenges of the past two years, Irish businesses have not only survived but thrived, expanding their investment footprint across the United States.
The strategic plan – entitled the 30:50:30 initiative – focuses on achieving a 30% increase in the number of Irish jobs across all fifty states by the year 2030. Ibec is supporting Ireland INC on the initiative as Ireland’s largest business lobby, with many of their members spread across the United States. Select USA – the federal government program housed within the U.S. Department of Commerce charged to promote and facilitate business investment into the United States – is also supporting the 30:50:30 initiative. The US is Ireland’s second largest export market, with almost 800 Irish companies operating across the United States.
Now, more than ever, our respective business communities must champion the benefits of retaining our outward focus while ensuring that future growth is sustained and sustainable.
The 30:50:30 initiative was launched at the 10th annual Ireland Day at the New York Stock Exchange where business and political leaders gathered to discuss Irish US trade issues under the theme of ‘New Era, No Limits’. Topics included how to further two-way investment between Ireland and the United States as well as factors and events that will help drive business growth for Irish and US companies. They also discussed furthering the collaboration and partnership between business and political stakeholders. Ireland Day, the only recognised Country day at the NYSE, was established as a C-Suite forum to promote Irish business interests globally.
As we celebrate the tenth anniversary of ‘Ireland Day’ at the New York Stock Exchange, we do so with excitement about the future of United States-Ireland relations.
The Roundtable was jointly hosted by Ian HyIand, President of Ireland INC, Danny McCoy, CEO Ibec, Ireland’s leading business representative group, along with Congressman Richard Neal, Chairman of the House Ways and Means Committee.
Speaking at the New York Stock Exchange, Ian Hyland, President Ireland INC, said: “Despite the unprecedented challenges of the past two years, Irish businesses have not only survived but thrived, expanding their investment footprint across the United States. The 30:50:30 initiative is the next step in building on this progress and expanding the presence of Irish companies across all 50 states. I am delighted that Ibec are joining with us to partner on the initiative given their expansive base of members scaling in the United States”
Speaking at the NYSE, Danny McCoy, CEO Ibec, said: “Ibec and the broader Irish business community is supportive of Ireland INC in their endeavours of the 30:50:30 initiative. It is a recognition that the economic relationship between Ireland and the US is a two-way story. Our two economies have embraced trade and internationalisation, to the benefit of the citizens of Ireland and the US. Now, more than ever, our respective business communities must champion the benefits of retaining our outward focus while ensuring that future growth is sustained and sustainable.”
Speaking at the NYSE, Congressman Richard Neal, Chair of the House Ways & Means Committee, said: “As we celebrate the tenth anniversary of ‘Ireland Day’ at the New York Stock Exchange, we do so with excitement about the future of United States-Ireland relations,” said Congressman Richard E. Neal, Chair of the House Committee on Ways and Means. “Ireland INC has been a champion of fostering business and economic relationships between the two countries since its founding and this new strategic plan will ensure that it only strengthens our bond.”
Other participants included John Tuttle Deputy Chair NYSE, Martin Shanahan CEO IDA Ireland, Minister Roderic O’Gorman representing the Irish Government, Brian Ruane, CEO BNY Mellon Government Securities Services Corp.,Helena Nolan Consul General of Ireland NY and Mike Burke, Partner Arnall Golden Gregory LLP, amongst others.