Overseas funding ‘crucial’ for mid-west growth

THE future economic development of the mid-west depends on the region’s ability to attract foreign direct investment.

The warning came yesterday from Defence Minister Tony Killeen as an economic profile for the mid-west was launched.

The document outlines the key infrastructure and enterprise supports in the region.

It was prepared by the Mid-West Regional Authority (MWRA) with Shannon Development, Forfás, the business community and the region’s four local authorities.

Mr Killeen said in addition to new foreign direct investment, the continued development of the necessary supports for existing indigenous and multinational operations was essential.

“The collaborative approach adopted in the preparation of this profile report further strengthens the mid-west’s status as a progressive region and an attractive investment location.

“I will be holding a series of meetings with the MWRA and regional agencies in the coming weeks and months with a view to exploring and promoting the job potential of the mid-west at Government level.”

He said: “As a minister based in the region, I will be urging the Government to continue to work with agencies in the mid-west in order to protect and nurture the competitiveness of the region as an attractive location for inward investment.”

MWRA chairman Cllr Leo Walsh stated it “sends out a clear message to the wider business community that the region can and does offer multinational firms real opportunities for expansion and investment”.

Liam Conneally, director of the MWRA, said the fact file has been circulated to all regional development and employment agencies.

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