DTI, BOI sets investment promotion seminar in ZC PDF Print E-mail
Saturday, 06 September 2014 13:38

The Department of Trade and Industry (DTI) and the Board of Investments (BOI) is conducting a two-day seminar-workshop on investment promotion for Local Economic and Investment Promotion Officers (LEIPO) here in the region.

DTI Regional Officer-in-Charge Sitti Amina Jain said the seminar–workshop in scheduled from September 8-9 in this city.

Jain said the seminar is aimed at strengthening the capacity of LEIPOs in promoting their respective areas as investment destination by assisting them on how to come up with investment plans; conduct investment promotion activities like investment forum/conference; preparation of promo collaterals; and update them on various investment promotion initiatives.

Jain said that 72 LEIPOs all over the region and six DTI staffs are expected to participate in the two-day seminar with resource speakers coming from BOI.

Jain said the designation of LEIPOs among local government units is in response to President Benigno S. Aquino III’s agenda of job creation, which the President stressed during his first State of the Nation Address (SONA) in 2010.

The late Secretary Local Government Jesse Robredo issued Memorandum Circular 2010-113 on October 13, 2010 encouraging all local government units to designate LEIPOs tasked with facilitating, preparing, coordinating, and executing local economic and investment promotion policies, projects, and activities; establish an aggressive, systematic, coordinated, and sustained promotion and marketing of the LGUs investment location; provide basic information on business potentials in their area to include services extended by the local government to would-be investors to attract more investments; and establish local economic data base.

The circular also tasks LEIPOs to coordinate with other agencies and the private sector under the Private-Public Partnership (PPP) for promotion activities and campaigns, and conduct information dissemination on local government policies on investment, investment wage laws, required permits and other pertinent documents among others.

DILG Regional Offices were also to designate Regional Economic and Investment Promotion Officers to assist LEIPOs connect with other national line agencies, private sector, and other stakeholders for joint initiatives; and provide data on investment as well as services available to LGUs to include product development and packaging, marketing and business development and promotion.