Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor, took a first-hand look at one of Galway’s employment success stories – the Galway Technology Centre that has trebled its number of companies in just three years.
The Minister visited the Centre in the IDA Business Park, Mervue, this week, accompanied by Minister of State for Gaeltacht Affairs and Natural Resources Sean Kyne and his fellow Galway West Deputy Hildegarde Naughton.
Ireland’s largest enterprise centre, Galway Technology Centre is currently home to 46 start-ups, growing companies and SME’s employing in excess of 230 people.
The Centre has experienced record growth since 2013 with a trebling of the number of companies based at the centre from 16 to 45.
A critical part of Galway’s entrepreneurial ecosystem, Galway Technology Centre has supported over 145 companies and 1300 high value jobs in the west since its establishment in 1994.
Galway Technology Centre is a key partner for the IDA, hosting several of the IDA’s multi-national clients and providing a ‘soft-landing’ for companies until they are settled into the region. GTC has supported many international companies over the years including EA Games, Avaya, Lumension and Wayfair.
The centre has recently completed the second phase of a €360K investment in its 50,000sq. ft. facility which included the refurbishment of the meeting rooms, public areas and lift installation.
The centre recently launched ‘thekitchen@gtc’ a new shared multifunctional tenant employee space for hosting talks, clinics and pitching events in an informal environment.
During the visit, Minister Mitchell O’Connor viewed the upgraded facilities and met with Frank Greene, Chairman Galway Technology Centre, members of the GTC Board, as well as a number of Galway Technology Centre clients including Black Pug Studio, IPSwitch, Hillwalk Tours and 9th Impact.
Mr. Greene discussed with Minister Mitchell O’Connor future plans for the provision of facilities and service enhancements at the centre which focus on fostering digital innovation through the growth of Digital Media Enterprises and encourage the emergence of new digital enterprises in a flexible structure with networking opportunities.
New President for Local Ireland
The new President of Local Ireland, the association representing local news publishers around the country, is Head of Irish Times Regionals Dan Linehan.
Mr Linehan takes over the presidency from Declan McGuire of the Connacht Tribune. His appointment was confirmed at the recent Annual General Meeting of Local Ireland at Bloomfield House Hotel near Mullingar, Westmeath.
Mr Linehan, who has served as Vice President of the organisation for the last two years, said: “The coming years are a very important time for local publishers with many important issues to be addressed, including the implementation of the Future of Media Commission recommendations, defamation reform, the role and support for local publishers in public service reporting and helping publishers develop commercial digital offerings.”
Speaking at the AGM, Mr McGuire acknowledged the work done by the Executive in the past two years under the direction of Executive Director, Bob Hughes, on several projects related to the publishing industry but most especially the successful conclusion of the long-running campaign for the abolition of VAT on newspapers.
He also wished Mr Linehan the very best in his new role as President of the association for the next two years.
Mr Hughes thanked Mr McGuire for his leadership and support during his term of office and said he looked forward to working with Mr Linehan on the key policy priorities for the association, including Government supports, Government advertising, fair remuneration for content from the tech platforms and the reform of the legislation for defamation.
Local Ireland members also elected Seán Mahon, Managing Director of the Southern Star, as Vice President for the next two years.
Employers’ group hears of key challenges facing businesses in the region
The shortage of affordable housing is the single biggest impediment in attracting and retaining workers in the West, according to business group Ibec.
At a ‘Regional Insights Series’ meeting in the Galmont Hotel in Galway last week, employers were told that capacity constraints and labour supply are the key challenges facing business growth in the region.
Ibec Head of Regional Policy Helen Leahy said: “There must be greater focus by government on enhancing quality of life issues such as housing and infrastructure which are driving labour shortages in the region.
“Ibec’s vision for the West is to realise its potential to become a globally competitive location. An inadequate supply of affordable housing is now the single largest impediment to attracting and retaining talented workers, without whom business investment and expansions are not possible.
“Labour shortages are a real concern for businesses in the region. People decide where to live and work based on quality of life and access to high quality services and amenities. Industry tends to follow talent, and in this regard, the region needs to have all the building blocks in place as the attraction and retention of world-class talent becomes increasingly competitive on a global level,” said Ms Leahy.
Amongst Ibec’s priorities for the West are:
- Addressing housing and infrastructure challenges
- Transitioning towards a new growth model with Net Zero energy powered by Atlantic offshore wind resources
- Adapting businesses to the new economic realities
- Enhancing capacity and skillsets to achieve sustainable development objectives
- Investment in people and skills
- Creating competitive advantage through digitalisation
- Innovation as a key driver of productivity growth
Survey finds one in five retailers in Galway want to go fully cashless
One in five Galway businesses want to go fully cashless, as the move towards card payments and tapping continues unabated post-Covid.
In all, 22% of Galway businesses would like to be fully cashless, according to a survey carried out by BOI Payment Acceptance (BOIPA), a provider of payment technology solutions, which asked Irish businesses about the current payment landscape as well as business confidence and concerns.
Over one-third (36%) of Galway businesses were unaware there is no contactless limit on mobile wallets – just below the national average – while 54% believe the increase in card over cash transactions has helped them run their business.
Six out of ten Galway businesses expect to grow this year despite the cost-of-living crisis and running costs dominating as key concerns; 62% believe their business will grow over the next twelve months despite global economic uncertainty.
Unsurprisingly cost-of-living increases and running costs were the main concerns the majority of businesses had.
For more, read this week’s Connacht Tribune.
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