It's a boom, according to a recent New York Times article.
They key to this rise in new business creation? The government removing roadblocks:
The change began when Ireland entered the European Union in 1973.
In subsequent years, the government rewrote its tax policies to attract foreign investment by American corporations, made all education free through the university level and changed tax rates and used direct equity investment to encourage Irish people to set up their own businesses.
“The change came in the 1990s,” said James Murphy, founder and managing director of Lifes2Good, a marketer of drugstore products for muscle aches, hair loss and other maladies. “Taxes and interest rates came down, and all of a sudden we believed in ourselves.”
I added the bold to that sentence, just in case any of the leading Presidential candidates stumble upon my blog.
It's exciting to see a new business boom taking off in a most unlikely place, and to read about the enthusiasm they have for their new opportunities.
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