WHY BOSTON SCIENTIFIC LOCATED ITS PLANT IN IRELAND
Boston Scientific Corporation (SSG) is a manufacturer of disposable medical devices, with its headquarters in Natick, Massachusetts. With its strong emphasis on customer support, SSC decided to establish a physical presence that was nearer its rapidly growing European market. After analyzing several potential locations on both the continent and in the United Kingdom, SSC determined that Ireland was the most appropriate location for its operation. The reasons for selecting Ireland were many, including
• Political stability in a democratic society that was similar to that of the United States.
• Telecommunications infrastructure that was at the
level of sophistication and reliability similar to that in the united states.
• Financial assistance and tax incentives provided by the Irish Development Authority (IDA) and the Irish government.
• Strong work ethic of the population, its education level, and the nearly common language.
• Ease of doing business in terms of existing support services and examples of prior successes.
• Ireland's corporate tax rate and hourly labor costs among the lowest in Europe As a result of its decision to locate in Ireland, SSC now has a 400,000-square-foot facility in Gaway that employs nearly 2,500 people. Its experience in Ireland has been so favorable that SSC recently expanded its presence with another 200,OOO-square foot facility in Cork, which employs 700.
Former Soviet Union provides ample evidence of the problems associated with locating a business in unstable economies.