Ireland’s Overdependence on Foreign Investment | Cork News

Ireland’s small and medium businesses are sounding the alarm as the country’s heavy reliance on foreign investment threatens economic stability—warning that without urgent action, a sudden shift by multinationals could cripple the economy. Despite year-long lobbying, government inaction persists, with Isme’s CEO Neil McDonnell calling for a national emergency response to boost homegrown firms. He urges policies mirroring Italy’s post-crash success: targeted tax incentives for training and accelerated digitalization. McDonnell also argues the national training fund should prioritize upskilling mid-career workers over higher education, ensuring Ireland’s workforce stays competitive amid AI disruption. Isme is ready to hear counter-proposals—but demands a concrete plan to reduce dependence on foreign capital before it’s too late. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4c96d66d19621a8c