US as Lucky Charm and Reliable Partner for Irish Businesses

27 Aug, 2024

US as Lucky Charm and Reliable Partner for Irish Businesses

Ireland has emerged as a leading source of foreign direct investment in the U.S., ranking sixth globally despite its small population. Irish companies like Tines are now playing a crucial role in high-tech sectors, with Tines providing cybersecurity solutions for Oak Ridge National Laboratory, a key U.S. research facility. This marks a significant shift from Ireland’s traditional association with agriculture to a focus on innovation and technology.

Over 900 Irish-owned companies are currently exporting to the U.S., leading to a nearly 60% increase in exports over the past five years. The U.S. is now a major growth market for Ireland, driven by advancements in fields such as drone delivery and medical technology. Companies like Manna Drone Delivery have successfully launched operations in Texas, while others prioritize U.S. certification for medical devices.

Despite the opportunities, Irish businesses face challenges, including regulatory hurdles and the need for greater recognition of Ireland’s evolving business landscape. However, with strong support from agencies like Enterprise Ireland, Irish companies are increasingly establishing a significant presence in the U.S., highlighting the robust and reliable partnership between the two nations across various sectors.