City Investment Board meets for trade activities PDF Print E-mail
Thursday, 11 August 2016 12:08

The Zamboanga City Investment Incentive Board convened on Friday, July 22, 2016 at the  City Hall Conference Room. The ZCIIB is chaired by the City Mayor, co-chaired by the Vice Mayor and has members from the business organizations, related national government agencies, three Strategic and dominant sectors in the city and by non-voting members representing the LGU.

The primary function of the Board is to establish policies for a favorable and stable business climate that will encourage and support private sector investments and the operation of economic activities consistent with the development needs of Zamboanga City, and aligned with the CLUP, Comprehensive Development Plan, and Zoning Ordinance, in particular.

The meeting was presided by Judge Jesus Carbon being the OIC representing Mayor Maria Isabelle G. Climaco in her capacity as Chairperson of the Board. He was assisted by Ms. Marie Angelique C. Go, Assistant City Administrator for Local Economic Enterprise and Operations.

The accomplishment of the Zamboanga City Investment Promotion Services, as part of the agenda, highlighted the participation of the city in the 12th China ASEAN Exposition 2015, the awardees of the incentive for Interruptible Load Program and Investment, and the finalization of the Sisterhood twinning with Guigang City, China. This agreement is a very much awaited event as this will strengthen the camaraderie and rapport that the city was able to establish with the Guigang City Government Officials during the CAEXPO activity.

The Integrity Circle was also introduced by Mrs. Remy Marmoleño, being one of the envoys of Zamboanga City in the Integrity for Jobs (I4J) Project Workshop held in Davao on April 28-29, 2016 intended for the Civil Society Organizations. The I4J also conducted workshops for the LGU and the Business Sector earlier held in Manila and Davao City.

This project is implemented by the Konrad-Adenauer-Stiftung (KAS) and co-founded by the European Union and the German Federal Ministry for Economic Cooperation and Development. The project aims to include LGUs as key player for clean administrative procedures and recognizes its role as a sustainable network for self-obligation and monitoring of transparent and uncorrupt structures and procedure. It also aims to create models of transparent, effective small business and investment registration and promotion procedures.

The Board is now crafting a revised Investment Code that will be aligned to the current changes and challenges in the business sector. The proposed revision will be a more comprehensive code that will entice more investors into the city looking into the benefits for livelihood with an inclusive growth that is founded by the strong partnership between community, private sector and the LGU. More priority areas will be identified to consider livelihood programs and BMBE-registered entrepreneurs With the CMCI result and other agenda that were tackled during the meeting, the body is more focused to resolve issues and concerns relating to business registry, incentives and the participation of the private sector as a vital proponent in local economic development geared towards a resilient, sustainable and inclusive growth.

The attendees of this meeting includes the ZCCFI, NEDA IX, DTI- IX &ZCO, CAFC, IGZI, SOPHIL, HORESA, BANKERS’ ASSOCIATION as partner agencies while the LGU was represented by the OIC, Judge Jesus Carbon, City Treasurer’s Office, City Administrator’s Office, Business Permits and Licensing Office, and the Zamboanga City Investment Promotion Services as Secretariat. (PR)