There was bad news on the double for Laois this week, as a US firm chose Cork over Portarlington while a family-run business suddenly closed down in Portlaoise.
The Magni Group was granted planning permission for a 40,000sq ft factory in Botley Lane, Portarlington. However ,the firm has changed tack and chosen Mallow in Cork to manufacture their paint product. The project had promised 50 much needed jobs for Port, badly hit by unemployment.
Connect Ireland CEO Michael McLoughlin sympathised with Port, but said the company were “in a positive situation where they have a more immediate demand for their product,” and bought a factory in Cork close to another Magni owned business, backed by the IDA.
Meanwhile in Portlaoise, there was shock and sadness where Ging’s Homevalue hardware shop unexpectedly closed, with the recession to blame.
The shop is believed to have employed 25 staff including the Ging family, some of them for 24 years.
The IDA has given grants of €380,000 over a 6 year period to companies in Laois compared to €8.37 million in Westmeath. There are 8,500 people unemployed in Laois.