BIBA News

BIBA President AJ Gerritson and Board Member Sean Moynihan Recognized by Irish Echo

The Irish Echo published its 2012 “Irish Small Business 50” which recognizes entrepreneurs and business leaders who form the backbone of the American economy. BIBA president AJ Gerritson of 451 Marketing and BIBA board member Sean Moynihan of the Moynihan Group were among the “doers and risk-takers” who have ensured that where business is being built and wealth created, you will find the Irish.

“We are honored to be recognized by the Irish Echo,” stated Moynihan. “Small businesses are the life blood of our economy in Massachusetts and that of the entire country.  We are very excited about our continued work with the Irish business community both in Ireland and here in Boston.”

The Irish Small Business 50 list includes business professionals, start-ups, and fast-growing companies that are driving the economy forward.  Full list of recipients here

BIBA President AJ Gerritson featured in Boston Herald with Congressman Richard Neal

Read original article on BostonHerald.com

"Irish eyes are smiling at biz conference in Seaport"

By: Brendan Lynch

Boston’s cultural ties to Ireland paraded up Broadway in Southie on St. Paddy’s Day weekend, but the business connections between the Hub and the Next Parish Over will be the focus today on nearby Seaport Boulevard.

Businesses from both sides of the Atlantic will gather at the Ireland Gateway to Europe Expo 2012 at the Seaport Hotel in South Boston. The event is aimed at encouraging U.S. investment in Ireland, which boasts a 12.5 percent corporate tax rate, and a highly educated workforce as enticements.

“Europe is getting better, but the recovery has been slow,” said U.S. Rep. Richard Neal, a speaker at the conference. “But there’s no question Irish austerity and the well-educated population makes them a good business partner going forward.”

Neal expects investment to flow in both directions — he said 80,000 Americans work for Irish-owned companies in the United States, while 100,000 Irish work for American-owned companies in Ireland.

“The days of rigid geographical borders for business are over, due to the Internet,” Neal said.

A.J. Gerritson, president of Boston Irish Business Association, agreed.

“These companies continue to grow in the U.S., but now they’ll grow into a market they wouldn’t have access to otherwise,” Gerritson said. “When the water rises, we all rise with it.”

Gerritson sees a wave of high-tech entrepreneurship pulling Ireland out of its slump.

“Everyone knows about the tax benefit and the educated workforce,” Gerritson said. “But there are other opportunities borne out of the tough economic times over there.”

Irish security technology company Netwatch opened its 10-employee U.S. office last month. The company expects to have 15 employees by the end of the year, and double that for three years. It’s in Medford now, but it’s looking for space in Boston, or somewhere near the Massachusetts Turnpike.

“We’re bursting at the seams and need to get into larger office space,” said Thomas Walsh, Netwatch’s business development manager.

Tradin’ of the green

EXPORTS

  • In 2011, Massachusetts exported $517 million in goods to Ireland. That is up from $483 million in 2010 and $339 million in 2009. Ireland was Massachusetts’ 16th largest export partner in 2011.

    IMPORTS

  • For imports from Ireland, the number was $1.563 billion in 2011, down from $2.054 in 2010 and roughly similar to the $1.680 billion in 2009. Ireland was the commonwealth’s sixth largest import partner in 2011.