A Profile of the City
Pure Cork - An Action Plan For The City
With 275,600 employed, the South Western Region accounts for 14% of total national employment, 16% of national industry employment and a fifth of total national high- tech manufacturing employment. Cork is home to 146 overseas companies that employ more than 28,500 people. The City was voted no.1 small city for business friendliness in Europe, by FDI Magazine in 2014/2015. Cork City is a significant centre for 3rd level education with one of the country’s leading Universities (UCC) and a major Institute of Technology (CIT). Annually the City caters for a full and part-time 3rd level student population of over 33,000. UCC and CIT graduated over 2,100 under-grads and 688 post-grads in STEM related subjects in 2014-2015. UCC’s National Tyndall Institute is a global leader in integrated ICT research, having over 220 industry global partners and is home to over 450 researchers, engineers, students and support staff from 38 different countries. A population of approximately 520,000 persons live within 60kms of Cork Airport with over 1.2 million living within a 90-minute drive. Commercial rental costs in Cork (per sq. ft.) are less than half the price of Dublin for an equivalent property. Residential rental costs in Cork are on average over 30% lower than Dublin, with residential property prices being notably lower when comparing similar areas of both cities 10 .
The Cork City ELU Survey 2011 found a total of 4,331 employers in the city, providing 71,577 jobs. The vast majority of businesses (96%) in the City employ less than 50 employees, while a small proportion (4%) employ between 50 and 4000 employees. However 38% of the total jobs in the City (27,300 jobs) are provided by just 33 employers, each having 250 or more employees.
10 Source: “Why Cork? Why now? “Report (JCD & PWC) 2015
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