Irish Tech company announces $1 billion investment to expand its operations in the US

New York – The Irish Tech and Innovation (ITI) company has announced a $1.3 billion investment in a new $3 billion manufacturing facility in New York, which will see it invest 1,000 jobs.

The Irish Tech Institute (ITII) announced the news at a press conference on Tuesday, which was attended by US President Donald Trump.

In total, the company said it would invest around 1,600 jobs, which is roughly the size of its current workforce of around 100 people.

“I am extremely excited about the opportunity to create jobs in America, and the new manufacturing facility at the US-Canada border is an important step in this process,” said ITI CEO and president John O’Sullivan.

“The Irish Technology Institute has been a major beneficiary of the Trump administration’s support for the American manufacturing economy, including the expansion of US-Canadian trade.

I am proud to be part of this investment.”ITI has been actively involved in the Irish IT industry for over a decade and is known for being the first Irish technology company to offer direct digital sales to customers in the United States.

It is also home to the world’s largest and most advanced open source software project management platform, known as Project Goliath, which allows ITI’s IT staff to manage software projects from start to finish.

The company employs more than 1,400 people in Ireland, with around 400 employees at its new manufacturing centre in the heart of Manhattan.

The announcement came after the US Commerce Department said on Friday that ITI was one of four companies it has targeted to receive $1bn in support to expand operations.

Other US-based companies to receive funding include Microsoft, Apple and Amazon.