Enterprise Ireland Accompanies Largest Delegation of Irish Firms to 10th SelectUSA Investment Summit
June 25 2024 - 2:24PM
Business Wire
Irish investment continues to soar in the
U.S.
Enterprise Ireland, the Irish government’s trade and innovation
agency and the number one venture capital investor in Europe, is
descending on Washington, D.C. with a delegation of over three
dozen Irish companies to further expand Ireland’s economic presence
in the U.S. market.
The Select USA Summit (June 23 – 26, 2024) marks the preeminent
event in the country, dedicated to promoting foreign direct
investment in the U.S. Enterprise Ireland’s attendance at SelectUSA
demonstrates the agency’s ongoing commitment to the vital
Irish-U.S. relationship and its dedication to facilitating
investment in the American economy.
“The U.S. presents huge growth and investment opportunities for
Irish companies with its vast consumer market, workforce and
business landscape,” said Enterprise Ireland Head of the
Americas, Aidan McKenna. “Business leaders in Ireland have long
recognized this, and Irish investment in the American economy is
soaring - Ireland is the ninth largest foreign direct investor in
the United States, investing $295 billion into the country to date.
We look forward to attending the summit to further facilitate this
critical relationship and drive further Irish investment in the
USA.”
At SelectUSA, attendees will have countless opportunities to
learn more about the incentives of investment in the U.S. and build
valuable relationships. Ireland’s business delegation will not only
showcase the ways in which investment in the American economy has
benefited Irish companies, but also highlight continued
opportunities for business growth in the U.S.
The biggest announcement of the week comes from Ireland’s
Granite Digital, which specializes in providing companies with
strategy and expertise in navigating the digital landscape. The
digital agency will inject funds in the U.S. market, bringing 50
new jobs to the states.
“This investment is a strategic one. At Granite Digital, we hope
to strengthen our business ties to the U.S., starting with our
expanded footprint in New York, and continuing to deliver
award-winning client services,” said Robert Carpenter, the founder
and Chief Commercial Officer of Granite Digital. “We are excited to
introduce our first-in-class B2B digital and technology services to
a broader market here at the Summit and look forward to the
opportunities to flourish out of this experience alongside our
supportive partner, Enterprise Ireland.”
Ireland is the ninth largest foreign direct investor in the
U.S., and according to The U.S. Bureau of Economic Analysis has
invested $295 billion into the country to date. Across the U.S.
more than 100,000 people are employed by Irish companies, driven by
an unprecedented demand for products and services from innovative
Irish businesses.
“Enterprise Ireland’s six offices across the U.S., support the
addition of around 60 new U.S. presences by its client companies
each year, and the expansion and investment by Irish companies in
the U.S. is a core focus for the Enterprise Ireland team,” McKenna
continued. “The substantial investments by Irish companies in the
U.S. is contributing to job creation, economic growth, and
bilateral trade for both nations.”
About the Irish companies accelerating investment in
U.S.:
- Granite Digital, the largest digital agency in Ireland,
has announced a round of investment in the U.S. market. The
expansion will create 50 new jobs in New York in software
engineering, data science, development operations, digital advisory
and customer experience. It comes in response to a growing demand
in the U.S. and Granite Digital’s Fortune 500 client base for
innovative and award winning B2B digital solutions.
- Kerry Group, with more than 50 years of experience is a
leader in providing sustainable nutrition for pharmaceutical, food
and beverage markets. It has continued to expand its U.S. footprint
with locations in Wisconsin, Arkansas and Massachusetts to better
provide sustainable nutrition across the globe.
- ClonBio, which owns and operates the world’s most
advanced grain biorefinery. The company is planning a five-fold
increase in its investment in a formerly moth-balled biorefinery it
acquired in Jefferson, Wisconsin in mid-2022. The planned $500
million-dollar cumulative investment will create 1,000 local jobs
and support grain farmer incomes and the state’s economy for
decades to come.
- Climeaction, an Irish climate action solutions provider,
is expanding its operations to the United States, establishing a
permanent base in Boston with a team of 10 people. This expansion
reflects the company's significant growth and will enable
Climeaction to continue to support key multinational clients in the
U.S. manufacturing industry including Analog Devices, Abbott,
Garrett Motion, and Aryzta.
- Hanley Energy, a global innovator in Critical Power and
Energy Management solutions, today announced plans to create 150
global roles, as it opens its new $12 million US Headquarters in
“Data Centre Alley” Ashburn, Virginia. In 2024, Hanley Energy will
create 100 jobs in the USA and 50 in Ireland, as the company
continues to expand its global operations, delivering critical
power and energy management innovation to global data center
operators, including Amazon Web Services and other global
players
- Sportskey, an innovative Irish SportsTech enterprise,
announced its new U.S. Midwest presence, based in Chicago.
SportsKey develops easy to use sports facility management,
scheduling, and online booking software providing clients with
increased revenue and key usage insights. SportsKey works with
sports facilities in Ireland, the United Kingdom, and the U.S. to
transform the way they manage their facilities including key MLS
professional soccer club, Chicago Fire.
- SWOOP, in partnership with Sage and The BOSS network
unveiled a new training and mentorship program, Pathways to
Success. It’s designed to support Black women entrepreneurs in
Atlanta. Additionally, Catherine Martine, Minister for Sport, and
Swoop formed a partnership with D1 Sports Training Franchise Group.
The partnership will provide training for lower school and college
athletes. Headquartered in Nashville, this training provides access
to finance for their franchisees to assist the growth of D1 across
the U.S.
- ServBlock, a secure platform to transform your company’s
supply chain operations and address the unique challenges facing
modern businesses through the integration of devices and cutting
edge blockchain technology. It recently launched a new product,
www.askgxp.com, an AI-powered knowledge management system for the
pharmaceutical industry.
About Enterprise Ireland:
Enterprise Ireland is the Irish government’s trade and
innovation agency and VC arm. According to the VC and private
equity platform Pitchbook, Enterprise Ireland is the number 1 VC in
Europe by deal count. Enterprise Ireland is responsible for the
development and growth of Irish enterprises in world markets. The
organization works in partnership with Irish enterprises to help
them start, grow, innovate and win export sales in global markets.
In this way, we support sustainable economic growth, regional
development and secure employment.
Across Enterprise Ireland’s 39 international offices, they
support Irish companies to enter and scale in global markets and
actively engage buyers in overseas markets to source Irish
innovation.
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Madison Lazas 240-839-0945 madison@globalsitroom.com