Memorandum of Understanding was signed in the USA on 16th January 2019. Limerick delegation signs Memorandum of Understanding in Texas, Austin.
Memorandum of Understanding signed as high-level Limerick delegation visits the USA
A wealth of opportunities lie ahead for the business, tourism, education and culture sectors in Limerick. This is following the creation of links between Limerick and one of the most innovative and entrepreneurial cities of the United States.
The MoU was signed by the Mayor of the City and County of Limerick, Cllr James Collins, and Mayor of Austin, Steve Adler, at a special ceremony in Austin, Texas.
The signing is part of a high-level delegation from Limerick to Austin, Texas led by the Mayor. It includes the University of Limerick, Limerick Institute of Technology, Limerick Enterprise Development Partnership, Limerick Chamber, the Shannon Group, Bank of Ireland and the GAA. Along with the Chief Executive and officials from the Economic Development Directorate of Limerick City and County Council.
Austin is one of the high-tech powerhouses of the United States and home to some of the world’s most recognisable corporations – Dell, WP Engine and Trusource – companies, which have also made Limerick their home.
The city and region is also a creative hub for industry and the arts.
It is hoped that the signing of the Memorandum will establish long term, collaborative relationships in the areas of business, technology, manufacturing, professional services, education, the creative industries and culture. As well as any other area that is of interest and benefit to both communities.
The formal mutual trade and investment relationship anticipated by the MoU will result in the creation of new employment opportunities and the expansion of foreign direct investment. It will likely also result in an increase in the hugely sought after STEM (Science, Technology Engineering and Maths) capabilities of workers and an increase of collaboration between third level institutions in Limerick and Austin.
Speaking at the signing ceremony, Mayor of the City and County of Limerick, Cllr James Collins, said: “I’m delighted to sign the Memorandum of Understanding on behalf of the citizens and businesses of Limerick. The agreement will allow partnerships to be formed to allow industry, education and cultural interests on both sides to capitalise and learn from each other.”
“Austin is one of the innovative high-tech powerhouses in the United States and it is important that Limerick links up with industry leaders to see how we can develop and become world-class leaders in our own right. It shows that Limerick has the vision to be the best and by linking up with Austin we are setting our sights at the top. This link between Austin and Limerick will allow entrepreneurs and businesses to work closely for the benefit of both cities and regions.”
Adrian Farrell, Consul General of Ireland, in Austin said: “The Consulate of Ireland in Austin has worked closely with both cities to develop this exciting new agreement which will strengthen relations and deliver benefits in trade and enterprise, innovation, education and culture for citizens and businesses in Limerick and Austin.”
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