IDA consultancy payments to entrepreneurs
The Minister said prospective entrepreneurs could be employed by the IDA as consultants while preparing projects, but only in a few cases and at no significant cost; Dr. Browne questioned the support for private enterprise.
asked the Minister for Industry, Commerce and Energy if the recently announced IDA Enterprise Development Programme to encourage potential entrepreneurs to leave their present employment may involve the retention and payment of such individuals by the IDA on a consultancy basis; and the amount of public money set aside for such consultancy payments.
Comment on this
Under the IDA's Enterprise Development Programme a prospective first-time entrepreneur may be employed in a consultancy capacity by the authority while completing the research and planning necessary to bring the project to an early start-up.
It is expected that this type of arrangement will be necessary in a small number of cases only and that the expenditure involved will not be significant.