Mayo economy prepares for significant imminent changes

The need for Mayo to brace itself for a dramatically changing jobs investment landscape over the coming decade has been firmly flagged.

The matter is highlighted by Mayo TD Rose Conway-Walsh, concerned by the increasing threat of job losses in the software, technology and other sectors due to the dual impact of digitalisation and AI (artificial intelligence) on the economy.

She said: "I welcome the fact the IDA has prepared a new five-year strategy based on those factors.

"The agency is hoping to bring in €7 billion of research and development investment, growth of 15,000 jobs per annum, of which 54% will be in regional Ireland, aimed at getting 550 investments right into our regions.

"It is essential, therefore, that Mayo is fully prepared.

"These changes are going to be critical to continuing the agility of our economy."

Minister for Enterprise, Trade and Employment Peter Burke has informed the Erris-based representative that efforts are already being made via critical skills permits to bring in workers through legal pathways to feed a growing and strong industry.

"While there was recalibration in certain companies, the growth is very significant, as can be seen from the announcements in AI.

"Some incredible companies that are part of that landscape are setting up their headquarters in Ireland, which we welcome.

"We have the most prized resource of any country - our people and skills - and we are ready to absorb that opportunity."