Summary
Entrepreneurship has been spreading all over the world, but Ireland has seen a rise in it’s number of entrepreneurs. These new Irish entrepreneurs are being respected by the public as if they are rock stars with prime-time televised entrepreneur awards shows with ratings of the larger music awards shows.
The Irish government and European Union have both been helpful in getting this entrepreneur wave up and running. Many are pointing back to Ireland’s entry into the European Union in 1973 as the spark because it caused the Irish government to rewrite their tax policy resulting in American Corporate investment in Ireland, free education through university level, and used direct equity investment to encourage Irish people to start their own businesses. These changes combined with the lowered taxes and interest rates of the 1990’s birthed the new entrepreneurship marketplace in Ireland.
The government devised an economic policy in 1987 that helped entrepreneurs by reducing personal taxes. The Irish government also has Enterprise Ireland, an agency of the government that aids small businesses by giving them money, introducing them to foreign government officials and even providing office building spaces in hot-spots around the world. Recently they leased spaces in Midtown Manhattan to warm up the smaller Irish businesses in the American market. They have even put up initial capital for venture investment funds and also support research and development at businesses and universities.
Ireland’s membership in the European Union has made a tremendous impact on the way it does business by lengthening the arms of the large and small companies alike. But the business men and women o ...