Paypal revealed as potential investor in Limerick city

IF PayPal were to come to Limerick and create 1,000 jobs, it would represent “the best news for many years”, according to Mid-West jobs task force chief Denis Brosnan.

It has been revealed that the global online payments giant is the firm behind the plans to open a new customer support centre in Ireland.

The venture would create close to 1,000 jobs, with Limerick believed to be vying with Dundalk in Co Louth for the investment.

It is understood a local business consortium here in Limerick is putting together a package to bring PayPal to this region, with Dell’s former manufacturing plant mooted as a possible location.

A high powered meeting is set for this Thursday in Dublin.

A well placed source told the Limerick Leader: “We are trying to find out exactly what they want, exactly where they want it, and exactly what they are willing to pay.”

The source added that the meeting is “commercial” and “non political”, but Mayor Jim Long said he is on “standby” to attend the summit.

PayPal is the global leader in online payment solutions. It was founded in 1998 and has 123m customers in 103 markets worldwide.

The firm already employs some 1,600 people in Blanchardstown, West Dublin alongside its parent firm, Ebay.

*See the Limerick Leader for a full version of this story.