The 1,000 jobs created in Cork in the past month show how the city “has become a much more competitive location” than Dublin, according to Agriculture Minister Simon Coveney.
Another 250 jobs were announced in the city by the Taoiseach during a visit to Cork yesterday.
Enda Kenny said “it has been a good time for Cork” and that the benefits of investment in Cork City should filter out into the county.
Global hedge fund administrator HedgeServ announced the expansion in the city of its second Irish operation. It recently took on 50 employees at City Gate in Mahon but announced yesterday that it will employ another 150 over the next several years.
Earlier yesterday, another 50 jobs were announced at Westbourne IT Global Services, a company that was set up by a husband and wife team 20 years ago and employed just three people.
Now employing 50, it is planning to double its workforce to 100 within the next 18 months.
Operating from two facilities in Cork, Westbourne provides secure, remote multilingual IT support.
Mr Coveney said in spite of the structure of the IDA whereby Cork competes directly with Dublin for foreign direct investment, it has become an increasingly attractive location.
“Cork is being viewed as a more competitive cost destination than Dublin yet having much of the infrastructure like good roads, airport and office space that a capital city has,” said Mr Coveney.
He said Cork was more competitive as the cost of building, renting, leasing and buying property was less than the capital.
Chief executive of Cork Chamber of Commerce, Conor Healy, said: “Today’s announcements adds to the significant positive jobs news for the region since the beginning of 2014 and we are delighted to see Cork continuing to show strength in attracting high-level industry players.”
Aside from the 200 jobs announced yesterday, 500 were announced by Tyco, 100 by BioMarin, 200 by Tyndall/ Phototonics, and 30 by Global Reviews.
The Taoiseach said the Government continues to have “a relentless focus on jobs”.
“We are determined that 2014 will see us build on the 1,200 jobs a week created in 2014. The international financial services sector is a key target area for the Government.”
While in Cork, the Taoiseach spoke regularly of “a recast economy” in Ireland with IT, research and development, and global finance to the fore as the country emerges from recession.
He also stopped off at Blizzard Entertainment in Blackpool where the company runs a customer support centre since 2007.
Blizzard makes games such as World of Warcraft and Call of Duty.
It employed up to 880 in Cork before making 200 redundant last year.
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