It's Hoped Ireland's First Digital Hub in Skibbereen Will Create Over 500 Direct Jobs
It's also hoped 1,000 indirect jobs will be created in the West Cork area by 2020.
Last year 'XSellco' became the first Dublin company to set up a satellite office in the Ludgate Hub and the firm have since doubled in size.
The facility has led the way in terms of rural broadband bringing 1GB of connectivity to Skibbereen and to date over 100 direct jobs have been created as a result.
Speaking to RedFM News Adrienne Harrington says the Ludgate Hub is becoming more and more attractive as the cost of doing business in cities continues to rise:
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