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Strong economic forecasts highlight urgent need to address infrastructure deficits

 

Draft Stability Programme 1Commenting on the publication of the Draft Stability Programme Update, Laurent Borla, Waterford Chamber President said, "The improved GDP forecast and the positive employment growth predicted are further evidence that now is the time for Government to invest in capital infrastructure projects.

 

"This investment will support future economic growth and help insulate the economy from any potential economic shocks that result from the UK withdrawal from the EU, as referenced in the Draft Stability Programme Update.

 

"The strong performance of the Irish economy in recent years coupled with a growing population has led to  increased pressure on  existing infrastructure, particularly in city and urban areas. The strong forecasts for employment growth in 2018 along with the recently published summary results from Census 2016 show that Ireland had the fastest growing population in the European Union between 2011 and 2016 and indicate that the pressure on transport infrastructure and housing will continue to increase.

 

"This highlights the urgent need for Government to invest in infrastructure while the economy is performing strongly and to fund capital projects that will enable us to not only keep up with the current pace of growth but also drive future economic growth across Ireland." 

 
Gerald Hurley appointed CEO of Waterford Chamber

 

Gerald Hurley 1

Waterford Chamber is delighted to announce the appointment of Mr. Gerald Hurley as Chief Executive Officer.

 

Gerald has a long and successful track record in business, both in Ireland and abroad, and is a past President of Rotary International – Waterford.

 

Speaking on his appointment, Waterford Chamber President Laurent Borla said: “We are delighted to welcome Gerald to the team and looking forward to further growing Waterford Chamber under his leadership. Gerald brings a wealth of experience to the role and has an undeniable passion for the progression of Waterford. There are hugely exciting times ahead for Waterford and Gerald will no doubt be a significant voice for business as we work together into the future.

 

“I would also like to take this opportunity to thank Nick Donnelly for his commitment to Waterford Chamber over the past four years. His dedication and contribution to the business life in Waterford has been hugely important and his support of me, the Board and Chamber staff has been phenomenal.”

 

Gerald was Managing Director of Limerick firm John Clune Ltd between 1978 and 1984 and then managed the interests of the Dubai-based National Trading Development Establishment in London. However, he has spent most of his career with McInerney Construction, which he joined in 1987, becoming an Executive Director of the company in 1997. Gerald has also been involved at different times in developing business opportunities in the Middle East, the UK and Brazil.

 

Born in Limerick in, Gerald was educated at Clongowes Wood College and the University of Limerick. He is married to Bernadette and they have lived for many years at Faithlegg. They have three children, Bryan, Laura and Gerald.

 

Gerald will take up his position of CEO of Waterford Chamber on Monday, 10th April.

 
Prudent control of current expenditure vitally important

 

fiscal monitor march 1Commenting on the release of Exchequer Returns for Q1 2017, Nick Donnelly, Waterford Chamber CEO said, “The Irish economy continues to perform strongly in the first quarter of 2017 with VAT receipts notably strong. However, Government must monitor areas such as income tax and corporate tax, which while performing solidly, are falling behind target. Prudent control of expenditure is vitally important in the coming months and Government should continue with caution in relation to increased spending.

 

“In order to prepare our economy to address global economic uncertainties Government must prioritise investment in areas of the economy that can drive future growth, protect investment and lead to continued job creation.”  

 
Chamber submission to National Planning Framework

 

Ireland-2040Waterford Chamber has recently made a submission in respect of Ireland 2040 – Our Plan, the National Planning Framework guiding strategic planning and development over the next 20+ years. In framing our contribution, we considered our city's advantages & opportunities, recognising that few projects have more potential to influence the future for Waterford, the Region and indeed the Ireland of tomorrow.

 

We have had significant input from our Board of Directors and Members which has influenced the direction of our submission. 

 

 View submission

 
Chamber Expo the perfect opportunity for new business

 

Business Expo 2017 launch 3

 

With over 100 exhibitors, the Waterford Chamber Business Expo, sponsored by BMCI Insurance & Investments Ltd., takes place this Thursday, April 6th in Audi Waterford on the Cork Road and is set to be Chamber’s biggest networking event of the year.

 

Following on from the success of last year’s event, it’s not surprising that the exhibition space is now completely full and Waterford Chamber President Laurent Borla is encouraging all business people to come along on the day and network anyway.

 

“This is a free event for everyone to attend, starting at 4.30pm. We have over 100 businesses on show, our biggest turnout yet, and we are also expecting a large turn out from the business community. It’s rare you get a chance to promote your business to so many under one roof so even if you don’t have a stand, pop in and generate those all important sales leads anyway. ‘The Ultimate Business After Hours’ is the perfect opportunity to hand out your business card, network, meet new people and support local enterprise.”

 

This year, the Expo will again have a number of interesting features – WLR’s Teresanne O’Reilly will be broadcasting live, cocktails are being served by The Reg, free tea/coffee and snacks will be provided by Musgrave Marketplace and there will be plenty of surprises, giveaways and spot prizes along the way!

 

For more information, see www.waterfordchamber.ie or call Lynda Lawton on 051 311130.

 
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Calendar of Events 2017

 

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