Shannon Free Zone gets the country’s first Starbucks drive-thru

first_imgNewsBusinessShannon Free Zone gets the country’s first Starbucks drive-thruBy Staff Reporter – July 4, 2018 3103 Urgent action needed to ensure Regional Air Connectivity Advertisement Shannon Group Focused on Recovery and Rebuilding RELATED ARTICLESMORE FROM AUTHOR Facebook Aer Lingus needs to clarify Shannon plans – Crowe Email Previous articleMcNamara qualifies for Irish OpenNext articleLimerick LGBTQ Pride Festival 2018 has officially begun Staff Reporterhttp://www.limerickpost.ie Twitter Print Sad day for Limerick and Mid-West following Aer Lingus announcement – Mayor Michael Collins TAGSShannon airportStarbucks Shannon Commercial Properties, Ray O’Driscoll, Managing Director, Grainne McInerney, Property Development Manager and Gerry Dillon, Head of Operations & Developments. Pic Arthur Ellis. One of the world’s most unusual aircraft arrives at Shannon Airport The Shannon Free Zone has become home today of the country’s first drive-thru Starbucks as the US coffee house chain opened the doors of its latest outlet to the public this afternoon.The 204 sq metre unit developed by Shannon Group subsidiary, Shannon Commercial Properties, will employ 15 people as it becomes the latest page to turn in the evolving story of the Shannon Free Zone.The US based giant, which is among the world’s largest coffee companies and coffee house chains, operates over 20,000 outlets globally but this is the very first drive-thru in the Republic of Ireland.  Starbucks opened its first Irish store in 2005.Located in Shannon Free Zone ‘West’, the single storey unit will include outdoor – as well as indoor – seating, ideal for the heatwave currently gripping the nation.Given its location in one of the country’s largest industrial parks, the unit also, appropriately, comprise a coffee dock/meeting hub that will service the entire industrial estate and prove an additional draw for FDI companies, who typically look for such facilities in new investment locations.Its development is part of the ongoing investment by Shannon Commercial Properties in the Shannon Free Zone, the 600 acre business park adjacent to Shannon Airport. The business park is currently home to 160 companies employing almost 8,000 people.  By year end, Shannon Commercial Properties current investment programme will have seen over €40 million invested in the Free Zone since 2015.Said Ray O’Driscoll, Managing Director of Shannon Commercial Properties, “We are currently working on the biggest investment programme of the millennium years in the  Shannon Free Zone. We’re developing world-class property solutions and providing facilities for amenities such as Starbucks is a key part of our redevelopment strategy. Attracting global brands like Starbucks is a great vote of confidence for the region.“Companies want their locations to have these types of services and brands in place.  The meeting hub there is also a great idea and everything has been built to the highest standard. We’re just looking forward now to our first cup of coffee there!”The unit was built by Moloney Contracts from Tralee in Co. Kerry and 40 people were employed during the construction phaseClick here for more business news. WhatsApp Linkedin Shannon Airport “has been abandoned” last_img read more

On Compliance: Field of membership rule changes

first_img continue reading » In late October the National Credit Union Administration finalized changes to part 701 its rules and regulations that broaden field of membership definitions for federally insured credit unions. The agency announced that, as a result, more Americans will become eligible for credit union products and services effective Feb. 6, 2017.The change had the added benefit of re-naming NCUA’s consumer office to clarify its function and role in promoting consumer access to affordable financial services. NCUA Acting Chairman and prior Board Member J. Mark McWatters noted that the change would enhance consumer access to credit by sensibly and reasonably updating NCUA’s rules.” He further noted that the “… field-of-membership final rule is consistent with both the letter and spirit of the law.”The shift was one of the biggest regulatory moves for credit unions of 2016. Banks and other large financial institutions see it as a threat because it could have a substantial positive impact on credit union membership growth. Opponents of the change have threatened lawsuits challenging credit unions’ not-for-profit status. 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more