It is thought plans to introduce a direct transatlantic fibre-optic data cable from Cork will bring more business to the county.
The announcement of the new project was made by Minister Simon Coveney today.
It will see the island of Ireland's second ever fibre connectivity access point to the UK and US developed in the county.
The piece of infrastructure is seen to be vital for attracting more companies to the area.
CEO of Cork Chamber Conor Healy said he believed it would make a significant difference to the economy. The delivery of this vital piece of infrastructure has been a core policy focus of Cork Chamber since 2008.
The Irish link, which is estimated to cost up to €14m, will open up vital high-capacity, or Tier 1, fibre connectivity from Cork direct to the US and Britain, as reported by Eoin English in today's Irish Examiner.
English reports that as well as delivering a new data access point for the country, it is understood that the spur will have enough super-capacity to meet the data requirements of the entire southern region for several years.