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Boost for the Munster Region as over 200 new jobs are announced for Cork and Tipperary

The Munster Region is expected to get a jobs boost today, as two companies announce over 200 new jobs

Global software firm Solarwinds is expected to announce 100 new jobs in an IDA Ireland backed expansion of their Cork City headquarters.

The networking monitoring software company already employs around 150 people at their City Gate headquarters.

The company’s European headquarters acts as a sales and tech-support hub and will employ 100 IT professionals in the short-term.

In Tipperary, cooked meat provider Ribworld is expected to announce around 100 jobs for their Fethard plant.

The company is today opening a 9,000 square metre expansion to their plant, which exports 85% of its produce. The company is making an €8 million investment that will more than double their numbers.

Both announcements will be attended by Jobs Minister Richard Bruton today.

450 tech jobs are also to be created via new US$70m investment fund

The launch of a new US$70m transatlantic investment fund by SmartInvest to support Irish companies expanding the US and US firms expanding into Europe will lead to the creation of 450 new jobs across Ireland.

The jobs will be spread across the island of Ireland, impacting at a regional and local level in counties such as Louth, Donegal, Meath, Roscommon and Antrim.

The SmartInvest fund will provide 30 early stage technology-led companies with continued access to capital to encourage further growth and development. In addition, the rigorous selection process will include mentoring, advice and training for over 300 prospective companies nationally representing some 1,500 employees in the same period.

The Fund will leverage relationships and prospects identified through the SmartStart mentorship programme and similar incubator and accelerator programmes which have been operational in Ireland and Philadelphia since 2011.

These programmes have attracted funding from, and established strong working partnerships with, preeminent academic institutions including the University of Pennsylvania and Drexel University in the US, and regional economic development initiatives in Ireland including New Frontiers, Discovery Zone and Best Young Entrepreneur.

 

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