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De Lorean also sought lucrative incentives from various government and economic organizations to pay for constructing the company's automobile manufacturing facilities. To gain these, he looked to build his first factory in a country or area where unemployment was particularly high. One candidate was the Republic of Ireland, although the country's then Minister for Industry and Commerce, Des O'Malley, decided not to support the project. A deal in Puerto Rico was about to be agreed when De Lorean took up a last-minute offer from the Northern Ireland's Industrial Development Board (IDB). As part of this offer, De Lorean was apparently under the impression that the British government would provide his company with Export Credit financing. This would provide a loan of 80% of the wholesale cost of the vehicles ($20,000) upon completion and delivery for shipping.