Economic Profile
Introduction
7.1 The Cork Metropolitan Area (CMA) is recognised as a key employment base and economic driver in Ireland. Over recent decades, the CMA has been successful in attracting a significant level of foreign direct investment (FDI) and indigenous enterprise, a trend that has accelerated over recent years. The CMA has a track record in attracting investment in key sectors such as bio pharma, medical devices, food, international business services and ITC. The City is also building strengths in rapidly emerging and expanding clusters in areas such as financial services, fintech, cyber security and energy. 7.2 In addition, the city serves as one of Ireland’s key services centres. Cork City offers a range of business services, hospitality, cultural, tourism and retail to support the needs of both businesses along with residents and visitors to the region.
7.3 Details of the Economic Profile of Cork City are presented in the Socio-Economic Profile of the City. This is based on 2016 Census data, the most up to date data available at the time of preparation of this plan. The profile highlights that: • There is a lower than average proportion of people working in Agriculture, Forestry and Fishing (1%); Building and Construction (4%); and Public Administration 4%); • There is a higher than average proportion of people working in Manufacturing (15%) , which is anticipated given the strength of a number of manufacturing sectors in the CMA. There is also a higher proportion (10%) of the working population employed in Transport and Communications than the State average; and • The proportion of people working in Commerce and Trade and Professional Services is on a par with the average for the State at 23.5% and 25% respectively.
216
Cork City Draft Development Plan 2022-2028
Volume 1 I Chapter 7
Powered by FlippingBook