Shannon Free Zone: Difference between revisions
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'''Shannon Free Zone''' is a {{convert|2.43|km2|acre}}, international [[Industrial estate|business park]] adjacent to [[Shannon Airport]], [[County Clare]], [[Republic of Ireland|Ireland]] which is 18 km from [[Ennis]] and 20 km from [[Limerick]]. Businesses based on the site enjoy special tax incentives on staff and profits. This has served to attract a large number of [[Multinational corporation|multinational]] companies. Currently there are over 100 international firms and 6,500 people employed at Shannon Free Zone in a diverse range of activities. Companies who have invested at Shannon include [[Avocent]], DeBeers Industrial Diamonds (Now Element Six) [[Kraus & Naimer]], [[GE Capital]], [[Precision Castparts Corp.]], [[Genworth]], [[Ingersoll Rand]], [[Intel]], [[Lufthansa Technik]], [[Mentor Graphics]], [[Molex]], [[Illinois Tool Works]], [[Transaero]], [[RSA Security]], [[Ohshima]], [[Schwarz Pharma]] and [[Zimmer Holdings|Zimmer]]. |
'''Shannon Free Zone''' is a {{convert|2.43|km2|acre}}, international [[Industrial estate|business park]] adjacent to [[Shannon Airport]], [[County Clare]], [[Republic of Ireland|Ireland]] which is 18 km from [[Ennis]] and 20 km from [[Limerick]]. Businesses based on the site enjoy special tax incentives on staff and profits. This has served to attract a large number of [[Multinational corporation|multinational]] companies. Currently there are over 100 international firms and 6,500 people employed at Shannon Free Zone in a diverse range of activities. Companies who have invested at Shannon include [[Avocent]], DeBeers Industrial Diamonds (Now Element Six) [[Kraus & Naimer]], [[GE Capital]], [[Precision Castparts Corp.]], [[Genworth]], [[Ingersoll Rand]], [[Intel]], [[John Crane]], [[Lufthansa Technik]], [[Mentor Graphics]], [[Molex]], [[Illinois Tool Works]], [[Transaero]], [[RSA Security]], [[Ohshima]], [[Schwarz Pharma]] and [[Zimmer Holdings|Zimmer]]. |
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The Free Zone is managed by [[Shannon Development]], an [[Irish government]] agency. It was established in 1959, as the world's first [[Free Trade Zone]]. With Shannon Airport almost entirely depending on transit passengers and refueling for trans-Atlantic flights, the lack of support from the Government and the clear signs that commercial aircraft would soon have the range to bypass the airport, [[Brendan O'Regan]], the director, realised that something had to be done. He submitted a proposal for a special manufacturing zone with special tax incentives. This would create dearly needed jobs and specific Shannon Airport bound airtraffic. The site adjacent to the airport was established in 1959, the second zone, Smithstown, a number of years later.<ref>{{cite book |last= Sweeney|first= Valerie|authorlink= |title= Shannon Airport, A unique story of survival|url= |accessdate= 27 December 2012|year= 2004|publisher= |location= |isbn= 0-9547424-0-0|page= |pages=}}</ref> |
The Free Zone is managed by [[Shannon Development]], an [[Irish government]] agency. It was established in 1959, as the world's first [[Free Trade Zone]]. With Shannon Airport almost entirely depending on transit passengers and refueling for trans-Atlantic flights, the lack of support from the Government and the clear signs that commercial aircraft would soon have the range to bypass the airport, [[Brendan O'Regan]], the director, realised that something had to be done. He submitted a proposal for a special manufacturing zone with special tax incentives. This would create dearly needed jobs and specific Shannon Airport bound airtraffic. The site adjacent to the airport was established in 1959, the second zone, Smithstown, a number of years later.<ref>{{cite book |last= Sweeney|first= Valerie|authorlink= |title= Shannon Airport, A unique story of survival|url= |accessdate= 27 December 2012|year= 2004|publisher= |location= |isbn= 0-9547424-0-0|page= |pages=}}</ref> |
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Revision as of 12:29, 19 June 2014
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Shannon Free Zone is a 2.43 square kilometres (600 acres), international business park adjacent to Shannon Airport, County Clare, Ireland which is 18 km from Ennis and 20 km from Limerick. Businesses based on the site enjoy special tax incentives on staff and profits. This has served to attract a large number of multinational companies. Currently there are over 100 international firms and 6,500 people employed at Shannon Free Zone in a diverse range of activities. Companies who have invested at Shannon include Avocent, DeBeers Industrial Diamonds (Now Element Six) Kraus & Naimer, GE Capital, Precision Castparts Corp., Genworth, Ingersoll Rand, Intel, John Crane, Lufthansa Technik, Mentor Graphics, Molex, Illinois Tool Works, Transaero, RSA Security, Ohshima, Schwarz Pharma and Zimmer.
The Free Zone is managed by Shannon Development, an Irish government agency. It was established in 1959, as the world's first Free Trade Zone. With Shannon Airport almost entirely depending on transit passengers and refueling for trans-Atlantic flights, the lack of support from the Government and the clear signs that commercial aircraft would soon have the range to bypass the airport, Brendan O'Regan, the director, realised that something had to be done. He submitted a proposal for a special manufacturing zone with special tax incentives. This would create dearly needed jobs and specific Shannon Airport bound airtraffic. The site adjacent to the airport was established in 1959, the second zone, Smithstown, a number of years later.[1]
References
- ^ Sweeney, Valerie (2004). Shannon Airport, A unique story of survival. ISBN 0-9547424-0-0.
{{cite book}}:|access-date=requires|url=(help)
52°42′18.93″N 8°53′58.24″W / 52.7052583°N 8.8995111°W
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