Jerry Kennelly speech and archive photos | Irish Business

Jerry Kennelly
Jerry Kennelly. In background is a slide of a photo taken by his parents, showing former taoiseach Charlie Haughey, then minister for lands and fisheries, eating lobster.
Jerry Kennelly. In background is a slide showing the recovery of the body of Kerry farmer Mossie Moore, who disappeared after a card game.
December 1956; Ladies enjoy the festivities at a social in the Meadowlands Hotel, Tralee, County Kerry.
August 1968; Kerry footballer Mick Fleming signs an autograph for a fan near his home in County Kerry before the All-Ireland Senior Football Final. The Kingdom were defeated by Down 2-12 to 1-13.
26th April 1968; An Taoiseach Seán Lemass (far right, front row) and Minister for Commerce and Industry, with Jack Lynch TD (to his right) at the Irish Management Institute Conference in the Hotel Europe, Killarney, County Kerry.

- Published

October 21, 2009

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Irish business was so strong during the 1990s that this period of rapid economic growth became known by the term Celtic Tiger. This period continued into the next century, slowing in 2001 before picking up again and finally slowing down in 2007. The provision of subsidies and investment capital by Irish state organizations encouraged major American tech firms like Microsoft, Intel and Dell to set up shop in Ireland. After 9/11, the Celtic Tiger slowed, but regained steam in 2003, ushering in a period some called Celtic Tiger 2. Dell had its major European manufacturing plant in Limerick. Irish business produced 25% of all European PCs. Google opened an office in Dublin. A new state body, Science Foundation Ireland, was created to help new science companies share in the Irish business boom. The building of the International Financial Services Centre in Dublin led to the creation of 14,000 jobs in the Irish business sectors of accounting, legal and financial management. The Irish business boom transformed one of Europe’s poorer countries into one of its wealthiest. Some of the causes of the Celtic Tiger are believed to be state-driven economic development, social partnership between employers, government and unions, more women in the workforce and a low tax rate for corporations, all of which had a positive effect on Irish business. The time zone difference between Ireland and the United States also helped Irish business, since Irish employees could start their work day while U.S. workers were still asleep. Unemployment had been 18% before the Celtic Tiger. By the end of the Irish business boom, unemployment was down to 3.5%. The success of Irish business created wealth that resulted in large investments in modernizing Irish infrastructure and cities.

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