Discover the pressing economic challenges and unique opportunities for Dungannon businesses in today's climate.

Topics covered
Last week, the atmosphere buzzed with urgency at the Dungannon and South Tyrone Chamber of Commerce seminar. Local business owners gathered to dissect the mounting challenges and explore avenues for growth in the face of uncertainty.
Setting the stage in Dungannon
Traveling to Dungannon is always a treat. Just a 45-minute drive from Belfast, the route boasts stunning views and charming coffee stops, like the cozy Linen Green. For those passionate about economics, Dungannon stands out as a hub of engineering prowess and innovative spirit.
Topics on the table
The discussion, led by presenter Aidan Logan, sparked a lively exchange on various hot-button issues. From competitiveness to trade tariffs, and Northern Ireland’s unique access to both Europe and Great Britain, the topics were as diverse as they were crucial. The panel also addressed the struggles local retailers face against global online giants.
Common challenges echoing across the region
The economic landscape for Dungannon businesses mirrors that of many towns in Northern Ireland. Global trading uncertainties and skyrocketing business costs are hammering home the point: adaptability is essential. Consumers are tightening their belts, seeking value and convenience like never before.
High street stores, especially in rural areas, are feeling the heat from online sales. The hospitality sector isn’t spared, either—menu prices are climbing due to rising labor costs, leading to a dip in demand.
Budget-conscious decisions
Businesses are tightening their belts, keeping a hawk-like watch on budgets. The hospitality sector, in particular, has reported a marked decrease in corporate bookings. The mood is serious; every penny counts.
Skills shortages remain a pressing issue, with some manufacturing giants in Dungannon reporting up to 150 vacancies at any given time. The need for skilled labor is critical.
Embracing challenges with resilience
Yet, challenges are just that—challenges. It’s how businesses respond that defines their future. As the saying goes, ‘necessity is the mother of invention.’ In tough times, companies often dig deep to unearth creative solutions.
Two sectors stand out as pillars of support for Dungannon’s economy: engineering and agri-food. Food security is always in demand, and the transferable skills honed in engineering—like project management and analytical thinking—can benefit various fields.
The entrepreneurial spirit thrives
The path to entrepreneurship is paved with experience in engineering firms, with many employees launching their own ventures. This entrepreneurial spirit is palpable in Mid-Ulster, showcasing the region’s innovative drive.
Looking to the future
However, to realize its full potential, Dungannon must embrace change and ambition. As the working-age population shrinks across Northern Ireland, investment in automation and digitization becomes vital for both production and service delivery.
Infrastructure and connectivity are key to attracting skilled labor, retaining youth, boosting tourism, and ensuring smooth logistics for local producers. High-speed broadband is no longer a luxury; it’s a necessity for future success.
Attracting talent back
Bringing talent back to Dungannon is crucial. The area offers a high quality of life and a cleaner environment, appealing to those who have fled to bustling cities like London and Dublin. But for many professionals, the allure of coming home hinges on reliable broadband access.
Reviving the high street experience
Keeping rural high streets vibrant is another essential ingredient for success. While small retailers struggle against the vast selection available online, their unique offerings—experience, warmth, and personalized advice—shouldn’t be overlooked.
Cultural events, historical tours, and community living spaces enhance the vibrancy of any town. Collaboration from businesses, schools, and colleges can breathe life into public spaces, drawing in local support and enriching the visitor experience.
Community spirit shines
Just last month, the community rallied to celebrate the Dungannon Swifts’ triumphant Irish Cup victory, uniting locals of all ages in a jubilant evening.
One business owner even suggested appointing a “retail Tsar” to spearhead revitalization efforts—a bold idea that deserves serious consideration.
But the onus of driving economic prosperity cannot rest solely on the shoulders of local businesses and communities. The Executive and UK government must create conducive environments for growth, addressing bottlenecks like planning delays and excessive red tape.
Adjusting taxation policies to alleviate burdens on struggling sectors and boosting support for R&D investment is critical. Partnerships with the private sector can help finance essential infrastructure projects, particularly when government resources are stretched thin.
Niall Maneely, chair of the Dungannon and South Tyrone Chamber of Commerce, left attendees with a powerful reminder: the business community is interconnected. Like the Dungannon Swifts, we achieve greatness when we unite as one team.