There is a somewhat narrow debate currently under way in this country about the importance of multinationals versus small and medium-sized enterprises (SMEs) in establishing a stable and prosperous economy.
A lot has been said about the crucial role that multinationals play in the Irish market and our journey back to economic recovery. The invaluable contribution that they make has been well documented. They provide significant employment and they give support to RD ventures, infrastructural investment and to skill-base training.
In stark contrast, the critically important role that SMEs play in the vitality of villages, towns and cities around the country is often overlooked.
We need to recognise that it is not a simple case of one versus the other — multi-nationals or SMEs. Many commentators fail to appreciate the fact that SMEs are the lifeblood of our local economy and, by extension, of our national economic heartbeat.
Both multinational investment and a healthy SME sector are of critical importance to our economic recovery — and both should be equally prioritised.
The influential Blueprint for Ireland’s Recovery report, drafted by leading businesses and public figures, places SMEs at the frontline of our economic recovery. We, at Musgrave, also believe in the power of SMEs, and can provide a unique perspective on the multinational versus SME debate.
We are a multinational business with sales of €4.5bn in
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