PIA Press Release
Saturday, January 21, 2012
Balanga mayor encourages more stakeholders from the private sectors to investBALANGA CITY, Bataan, Jan. 21 (PIA) -- "A thriving local economy through investments will be the key to our success,” said Mayor Jose Enrique Garcia III during his recent State of the City Address (SOCA), as he invited businessmen to invest in the city.
One of the ways to achieve this desire is by updating the Comprehensive Land and Water Use Plan (CLWUP) to suit the needs of our environment, which we are currently undertaking now, said Garcia.
“Through the revision of this plan by the Planning and Development Office, investors will now be given a list of businesses that they could profit in the city,” he said.
The land area of the city reached almost 11,000 hectares, 54 percent of this is fully developed and productive, while the remaining 46 percent is seeing the potential that entrepreneurs would come pouring in to invest.
“And to further develop this city and encourage more businessmen, the City government has passed the idle land tax ordinance that aims to encourage property owners to invest or partner with us to increase the production of agriculture, industrial, mixed used commercial or residential, etc,” Garcia explained.
In a related development, the city received two national awards that include the Seal of Good Housekeeping, an award given by the Department of Interior of Local Government (DILG); and Hall of Fame awardee of the Philippine Chamber of Commerce and Industry (PCCI) as Most Business Friendly Local Government Unit (LGU) for the third time.
Garcia said that “these awards shows dedication, hardwork, and good camaraderie of the LGU to entrepreneurs that we assist and provide us with their products and services, as well as giving job opportunities to Balangueños. (WLB/JGB- PIA 3)