START-UP IRISH COMPANIES IN CAVAN AND MONAGHAN TO GET INVESTMENT BOOST- DEPUTY O’REILLY


Speaking after the Minister for Jobs and Enterprise’s, Richard Bruton TD, announcement that his Department has secured an increase in its capital budget, from €508million to its highest ever level of €514million in 2012, Fine Gael Deputy for Cavan and Monaghan, Joe O’Reilly, welcomed this significant boost for Job Creation for National and Local Economic Recovery.

‘I welcome this positive news for Job Creation. It will mean a 4% increase in the Enterprise Ireland capital budget in 2012, a 10% increase in the number of high potential start-up Irish companies supported in 2012 and full maintenance of the County Enterprise Boards’ budget’ explained the Deputy.

‘This is a good news story for the people of Cavan and Monaghan. This Government is prioritising the Enterprise capital budget and making job creation one of our top priorities. There are many innovative and enterprising people in Cavan and Monaghan who will benefit from this opportunity of a 10% increase in investment in start-up companies’ stated the Deputy.

‘Investment in enterprise creates a spin-off effect of minimum 0.7 indirect jobs per direct job created. What this means is that the total number of jobs created by investment in enterprise can be up to 8 times higher than investment in infrastructure.

I believe that this announcement will represent the beginnings of the recovery in economic growth and job-creation we so badly need’, concluded the Deputy.

Senator Joe O'Reilly representing Cavan & Monaghan 2010. | An ExSite website