IDA Ireland Moves West Coast Offices to Palo Alto

<p><strong>PALO ALTO<&sol;strong> &&num;8212&semi; IDA Ireland&comma; the foreign direct investment arm of the Irish government&comma; is deepening its West Coast presence by moving its office to Palo Alto&comma; at the heart of Silicon Valley and American innovation&period;<&sol;p>&NewLine;<p>The FDI sector&comma; established and embedded in Ireland&comma; is a national asset that has been transformative for the economy and the people of Ireland&comma; accounting for 11&percnt; of total national employment and expenditure of over €38bn in the Irish economy annually&period; Ireland is viewed internationally as a center for value and knowledge creation&comma; exporting over €420bn &lpar;&dollar;440bn&rpar; in goods and services globally per year&period;<&sol;p>&NewLine;<p>IDA Ireland’s West Coast Territory division oversees investment from 13 U&period;S&period; states and Mexico and is now operating out of Palo Alto&comma; with secondary offices in Irvine&comma; CA and Seattle&comma; WA&period; IDA Ireland has maintained a presence in California for over 40 years and California is one of the largest single source locations of FDI&comma; accounting for over 50&comma;000 jobs in Ireland&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Over the past year&comma; our collaboration with companies on the U&period;S&period; West Coast has been pivotal in advancing long-term investments and innovation&period; We are dedicated to strengthening their competitive edge and productivity through transformative talent development&period; Together&comma; we harness cutting-edge innovation&comma; drive sustainable change&comma; and maximize regional opportunities to navigate a dynamic global economy and shape a future that&&num;8217&semi;s green&comma; digital&comma; and prosperous&comma;” said Ivan Houlihan&comma; SVP West Coast U&period;S&period;&comma; IDA Ireland&period;<&sol;p>&NewLine;<p>IDA ended 2024 with 290 West Coast-headquartered companies with active operations in Ireland&comma; employing over 67&comma;000 people&period; Three of the largest 5 international employers in Ireland hail from the West Coast&colon; Amazon&comma; Microsoft and Apple&period;<&sol;p>&NewLine;<ul class&equals;"bwlistdisc">&NewLine;<li>ServiceNow&comma; the leading digital workflow company&comma; opened a new office in Dublin&period; The expansion of ServiceNow’s Irish real estate footprint comes after the company announced its intention to create a further 400 new roles&period;<&sol;li>&NewLine;<li>Microsoft selected Ireland as a key location for industrial AI and cybersecurity research investments&comma; adding 550 new Irish roles to pioneer the development of new AI technologies&period;<&sol;li>&NewLine;<li>Crusoe Cloud&comma; the industry’s first vertically integrated AI infrastructure provider&comma; announced its European headquarters in Dublin and expects to grow its workforce in Ireland to nearly 100 people over the next three years&period; Crusoe’s new European headquarters will allow the company to deepen its customer and partner relationships across the region&period;<&sol;li>&NewLine;<li>Workvivo by Zoom launched its flagship engagement hub in the heart of Cork&comma; Ireland&period; The state-of-the-art engagement hub follows the blueprint of Zoom’s other hubs around the globe&comma; marking a shift from traditional office spaces towards a technology-first experiential working hub designed for hybrid working&period; The company also plans to create 100 Irish jobs to enable its next phase of growth&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>The new office in Palo Alto reaffirms IDA Ireland’s commitment to North America&period; At the end of 2024 there were over 970 U&period;S&period; client company operations employing over 210&comma;000 people directly in Ireland with U&period;S&period; corporations accounting for over 70&percnt; of total inward investment employment in Ireland&period; IDA Ireland announced its new <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;idaireland&period;com&percnt;2Fida-ireland-strategy-2025-2029&amp&semi;esheet&equals;54224392&amp&semi;newsitemid&equals;20250317334798&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;growth&plus;and&plus;innovation&plus;strategic&plus;plan&amp&semi;index&equals;2&amp&semi;md5&equals;b312b7442990bf764a6610628dbd18e3" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">growth and innovation strategic plan<&sol;a>&comma; with the aim of creating more than 75&comma;000 new jobs across priority sectors of growth and opportunity over the next five years&period;<&sol;p>&NewLine;<p>IDA Ireland will be focused on four drivers of strategic growth and investment in Ireland&colon; digitalisation and AI&semi; semiconductors&semi; health&semi; and sustainability&comma; which will lead to a range of intersecting and connected opportunities across IDA Ireland’s core sectors of focus – Life Sciences&comma; International Financial Services &lpar;IFS&rpar;&comma; High Value Manufacturing&comma; Engineering&comma; and Technology and Content &amp&semi; Consumer Services&period;<&sol;p>&NewLine;