The American Chamber of Commerce has said that the Northwest must demonstrate competiveness if it is to attract new investment to the region.
The group, which includes Pramerica , Solis Lough Eske Castle and Letterekenny IT amongst its members has also called for infrastructural investment to be carried in the region by government.
In a statement Fergal Broder, Chairman of the American Chamber of Commerce in Ireland said that Ireland need to align our salary structures to the EU norms
Wage costs for manufacturing workers in Ireland exceed that of the OECD average and the US by approximately 20% and this is not sustainable he said.
Pointing to the long term presence of leading global companies such as Abbott, Lotus, Pramerica and Bank of American/MBNA in the region, Mr. Broder said that multinational companies were important to the economic prosperity of the region.
He said Its important that we enhance infrastructural supports in the region in order to encourage more investment.
He said local electricity transmission infrastructure is particularly poor in the North West and needs to be greatly enhanced.
The chamber is also calling for transport corridors to be developed highlighted the N14 (Lifford-Letterkenny) as a route that should be prioritised.