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dmkirwan | 2 years ago
On institution benefited from the lion's share of this: University of Limerick. I recall the then-President of the university saying in an interview that he was under extreme pressure to reveal the source of investment as there was a significant drug problem in the city at the time and people were speculating it was the proceeds of crime! Another story that came out years after the fact was that he once invested millions in third level education in Ireland on the condition that the government match it, which they reluctantly did.
dvas|2 years ago
Take an example such as a multiplier effect of 5 times, that $1 billion created at least $5 billion of value at a minimum and second-order effects economically that are harder to measure over time.