US foreign direct investment has remained committed to Ireland during 2020, a positive sentiment to be grateful for this Thanksgiving.

94% of respondents to an American Chamber of Commerce Ireland survey say their corporate headquarters in the US are positive about Ireland as an investment location.  

When asked to rank their priorities in terms of investment decisions in Ireland, talent is the number one priority, followed by gaps in Ireland's physical infrastructure; delays in digitisation; and availability of residential accommodation.

A less competitive corporate tax offering due to international changes, and personal tax increases were also highlighted.

The American Chamber believes that it is more important than ever for Government to present a confident message to the world that the country is open for business amid Covid.

In that regard, the Chamber has welcomed the adoption of the EU Traffic Light System, with the vast majority of members, 81%, believing it will improve the situation for international business travel before June 2021. 

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The American Chamber also asked members for their views regarding staff returning to their offices in 2021.

26% said they expect the majority of their staff to be back in the office by the end of March, 2021, while 52% said it would take until the end of June, with a further 19 % saying they don't expect the majority of their people to be back in the office until October next year.

Mark Redmond, Chief Executive, American Chamber, said that US FDI played a strong role in Ireland’s recovery from the last recession, and our expectation is that it will be equally strong this time around.

"The sector has continued to perform strongly this year, particularly the pharma and technology companies, and will continue to contribute significantly to the overall Irish economy," Mark Redmond said.

"We welcome the introduction of the EU traffic light system for international travel, and we would urge Government to focus on the issues that are of paramount importance to US FDI in making their investment decisions, for example, ensuring our excellent talent pipeline is maintained and addressing the infrastructure gaps in the economy," he added.