In 1957, The Shannon Airport Development Authority (SADA) was set up with the aim to make Shannon Airport more appealing through the promotion of freight traffic and the development of nearby tourist facilities.
In 1959, SADA became the Shannon Free Airport Development Company (SFADCo). SFADCo would receive funding from the government and have the additional functions of establishing an industrial estate and housing for workers.
In 2014, Shannon Development was amalgamated into Shannon Group (later The Shannon Airport Group), a conglomerate of aviation, property, and tourism businesses created to drive the economy of the west of Ireland.