This morning/afternoon
The Government has given the go-ahead to the the development of a Grand Canal Innovation District (GCID) at Grand Canal Quay, Dublin 2.
The €1bn plan will ‘encompass’ some of the biggest companies operating here including Google, Facebook, Stripe, Twitter, LinkedIn and Huawei. The district will be developed over a 10-year time span with €150 million state investment.
Via TCD:
Trinity College Dublin plans to create a Grand Canal Innovation District in Dublin, involving a collaboration of business, Government and the university sector.
At the heart of the planned innovation district is a planned €1bn campus which will be built and financed by Trinity in collaboration with industry, debt funding entities and other sources of funding.
The development is an exciting opportunity to build a world-class innovation district where companies, researchers and entrepreneurs link up, to identify new products or services and discuss how they might be brought to market.
The development of the District will also offer opportunities for the local community with open spaces, new retail spaces and services as well as creating educational and employment opportunities for all those living in close proximity to the district.
FIGHT!
Grand Canal Innovation District for Dublin gets green light (Jack Quann, Newstalk)
And of course they become a powerful lobby against corporate taxation and regulation.
Could this be better located in a satellite town BTW?
The short-sightedness of not locating it outside Dublin city centre is baffling. This government really couldn’t care less about the country beyond the pale.
There’s certainly an argument for doing this in Cork City, given the relocation of the Cork University Business School downtown and the large number of commercial developments underway around the station and port.
Interesting that none of the tech companies referenced in the blurb feature in the video or appear to have any particular view on it. I’d say that
Huawai would make for interesting bed fellows with the Silicon Valley outfits.
You missed the part about this being a project by Trinity College Dublin who are raising the finance.
And no, a satellite town would not be better as then they would not be located next to tech companies that they can collaborate with.
Moe free food millennial self pleasurersin woke “tech” companies screwing the Irish system.
blushirts encouraging more corporate tax evasion
I’d imagine that this is a response to TCD’s ongoing decline in the World University Rankings.
https://www.irishtimes.com/news/education/trinity-college-dublin-drops-44-places-in-world-university-rankings-1.4015187
ah the ‘ol “it will bring lots of jobs for the locals” sweetener. Which these developments never do. There might be an opening for a security guard or two, but they won’t be providing any gainful employment for locals. This idea only serves tech companies, yet looks like the Gov. are set to pump millions of our money into it for them. they simply do not work for the public.
What jobs do you suggest for the inner city “public”? Should we set up tax loopholes for textile and biscuit factories?
Great news. More investment, more jobs, more FDI, more tax revenue. Everyone wins.
Grand Canal is becoming more and more of a good sized tech hub. If it continues that whole area is going to be very international and upmarket within a decade.
Pity about the huge council estates in that area that will never change and filled with the can work, wont work brigade though.
Cant work, wont work AND actively campaign to stop ANY developments in the area especially when they can get paid off by developers to drop objections.
What do ‘Stripe’ do?
…don’t make me Google it :0p’
They do PayPal. But with a different name.
What about all the money squandered on the previous “Dublin Digital Hub”
Was in or around 27 Million
The digital hub is a massive facility in Dublin 8 that rents space and provides support to many innovative companies. There is nothing “previous” about it.
This on the other hand is a project by Trinity College.