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About LinkBacksExplain this please Schuhart. I just dont see massive investment anywhere in the midwest in the last 10 years...relative to what Galway, Cork etc have got.Originally Posted by Schuhart
Explain this please Schuhart. I just dont see massive investment anywhere in the midwest in the last 10 years...relative to what Galway, Cork etc have got.
Support for the Mid-West has been going on for longer than the last 10 years. Briefly, some of those incentives like the special tax regime at Shannon and the trans-Atlantic stopover have gone. But there is still a dedicated regional development organisation and the region still has the airport with the longest runway in the State. The Mid-West might not have a lot of show for this, but that's another matter. The supports were certainly put in place.
Galway and Cork can hardly be said to get the same level of treatment. Sure, just to illustrate, Knock Airport has a longer runway than Cork.
There is simply no way that the Mid West, out of all regions, can claim State neglect. To do so after receiving such an incredible package of benefits over the years would be to take language to a place where it ceases to have meaning.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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To be fair you have not justified your statment at all with that response. You have quoted no examples of special treatment to the Mid West that any other region hasnt got (or similar) in the last ten years. Knocks runway length has nothing to do with the Mid West. Your statement is just not true all though the "boom" and since.
There are none so blind as they who refuse to see.The reference to Cork's airport having a shorter runway than Knock's is, of course, merely to underline the extent to which Galway and Cork have receieved nothing like the attention lavished on the Mid-West. That point is clear to anyone actually interested in engaging with reality.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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To be fair, thats a horse manure answer.
There is an agency that is specifically dedicated to economic development in the Mid West called Shannon Development. Its remit is Limerick, Clare, North Kerry and parts of Tipp, even as far as Birr if I'm recall correctly.
No other region in Ireland has a dedicated agency. (Gaeltacht areas have Udarás, but thats a different matter)
Notwithstanding the above, Limerick has been disproportionately affected by job losses. This has been dealt with in time honoured "Yes Minister" fashion by the MidWest task force, for which not 1 extra euro will be allocated to Limerick on the back of it.
This is a political crisis with financial symptoms rather than a chronic systemic economic crisis
In honesty, I think we actually need a different approach to the 'central government must throw even more money at us' view that the task force seemed to be coming out with, as discussed on another forum.
Considerable resources are already in and around Limerick. We've already mentioned Shannon Development and the Airport. They also got UL, which is another publically funded resource. They presumably have a pool of local workers with experience of working for a major multinational. I can't see what in particular is missing from that mix. It can't be quite so impossible to make something of all of that.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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Schuhart - do you think €300,000 + per employee is a little highwhen jobs are to be created over 5 years !!!!!!
My short answer is yes. I mean, at that rate it would be cheaper keeping people on social welfare.Schuhart - do you think €300,000 + per employee is a little high
That said, my longer response is I'd be open to a rational case that there is something about the project in terms of spin-off and linkages that make it worthwhile.
I'm not saying that such a case exists - I simply don't know why the State is putting so much money into a project that yields so few jobs. If the facts are as reported, it seems like an awful lot.
So my longer answer is I would certainly want to see the State yielding some appreciable benefits - say, rights in respect of whatever products this R&D produces or the like - for that investment to make sense. €300,000 seems like an impossible amount to subsidise a job.
I've a dim memory of reading sometime of the limits the IDA has for grants per job, and I thought it was much less than that. That's just what makes me wonder if there's some other factor at work there.
But, just to end where I started, I'd absolutely agree that if we had to shell out €300,00 per job we'd be a long time finding the money to support these 120,000 'Innovation Economy' jobs.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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