Louth ranked fifth best county to start a business in recent study
Louth has been ranked the fifth best county to start a business in recent study carried out by business utility consultants Procure.ie.
When analysing all 26 Irish counties, Procure.ie considered crucial factors like population, average office rent per square metre, average square metre, average salary, jobs per capita, and houses to rent per capita, all crucial things to consider when running a business.
The study generated an overall score, offering entrepreneurs and businesses valuable insights to make informed decisions about where to establish or expand their ventures.
The study said: "While Louth may be the smallest county in Ireland it has a lot of untapped business potential. Louth, with its population of 139,100, emerges as a hub of opportunity."
The county's average office rent €184, coupled with an average salary of €35,000, which the report says creates an enticing landscape for any business owner and potential workers.
The top five counties in Ireland for launching a business include:
- Leitrim
- Mayo
- Wexford
- Roscommon
- Louth
Sean Og O’Halpin, National Sales Manager at Procure.ie said:
“Embarking on a business venture is both thrilling and challenging, and location can play a pivotal role in its success. At Procure.ie, we understand that setting up or expanding a business involves a myriad of decisions, one of them being utility management. By optimising office energy costs and cost-effective operational strategies, we empower businesses to focus on the things that truly matter.”