The decision by US med-tech company Edwards Lifesciences that it is to invest €80 million in a 600-job facility at the National Technological Park is further validation of Limerick’s attractiveness to leading global companies, the Mayor of the City and County of Limerick James Collins has stated.
The announcement by company today is the latest in a long list of FDI and indigenous job commitments for Limerick, with over 12,000 posts created over the past five years.
Welcoming the decision, Mayor of the City and County of Limerick Cllr James Collins said: “Today’s announcement by Edwards Lifesciences is a huge endorsement of the Limerick city region and its ability to attract global leaders in the Life Sciences sector to set up in Limerick.
“The Med-tech sector is growing in Limerick and today’s decision further cements Limerick’s reputation as a go-to location for companies wishing to innovate and expand. The work to be carried out in the firm’s permanent facility in the National Technology Park in Castletroy will help change the lives of millions of people worldwide.
“The eco-system in Limerick centred around co-operation between the local authority, state agencies and education providers has once again proven to be a winner for companies looking at investing in Ireland.
“Like Edwards Lifesciences, we all need to continue to innovate, in order to remain an attractive location for foreign investment. We are operating in a global marketplace and need to remain competitive. I can assure the company of the continuing support of Limerick City and County Council.”
Said Chief Executive of Limerick City and County Council Conn Murray: “This announcement is the latest validation of the enormous and collective effort of a range of key stakeholders who together have transformed this city and region from the state of economic crisis it was in a decade ago into perhaps the biggest success story of the economic recovery.
“We have unique advantages here, not least our competitiveness as one of the most affordable regions for cost-of-living in the country. Our accessibility is unrivalled for a region of this size thanks to a brilliant road infrastructure that has us already connected to two of the countries four largest cities, Dublin and Galway, and is going to be further improved with the M20 to Cork, as well as having an international airport on our doorstep at Shannon. We also have a strong graduate supply through our third level institutions here.
“All these and more played a vital role in the recovery so far but, equally, we remain committed to ensuring this momentum is maintained and great strides continue to be taken. Today, however, is a day for celebrating as we welcome Edwards Lifesciences to Limerick and look forward to working with them to make sure that this is but the start of a long and fruitful relationship.”