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Number Of Potential Factors Behind Growth In Midlands Businesses This Year

Monday, 9 November 2020 10:10

Laois has also been to the forefront of a recent survey.

Offaly has had the largest increase in creations of new companies in Ireland.

There's been a 45% rise in the number of new registrations in the faithful county since last year.

The figure is also on the rise nationally, there's been a 37 percent rise in the number of new companies formed in the third quarter.

Nearly 15-hundred additional companies were formed in that period, according to new analysis from Vision Net.

The retail and wholesale sectors experienced the biggest growth year-on-year.

Vision Net Managing Director, Christine Cullen, says there was plenty of regional growth in new start-ups:

The midlands' business sector is doing surprisingly well, despite the challenges posed by covid-19.

John McCann from MCM Accounting in Tullamore says there are a number of potential factors behind this - including foreign investment in Ireland and a better handle on the pandemic:

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