The Quezon City Sangguniang Panlungsod has filed a resolution adopting the QC Economic Development and Investment Plan 2022-2025 during the 80th Regular Session.
The measure was filed by its proponents Coun. Donato Matias, Coun. Jun Ferrer, and Majority Leader Coun. Franz Pumaren, the rest of the members of the city council was also included as co-introducers.
The QC Economic Development and Investment Plan aims to set forth the economic direction and investment priorities of the city.
It prioritizes investments related to logistics, ICT, education, health, design, alternative tourism, manufacturing, retail of essential goods, and green infrastructure.
“It is aligned with the three-year main thrust of the economic development sector from the 14-point agenda of Mayor Joy Belmonte’s administration, which is to make QC the preferred business destination, create more jobs across businesses and develop new growth hubs,” Coun. Matias said.
The three main thrusts of the economic development sector will fuel the development of new growth hubs and provide an avenue for workforce development while fostering environmental protection, food sustainability, education and health, and industry linkages.
“We are fully supporting this measure, at kailangan na kailangan natin ang plan na ito,” Vice Mayor Gian Sotto said.
In 2013, the city council passed City Ordinance SP 2219-2013, an “Ordinance Adopting the Economic Development Incentives Code of Quezon City” to persuade potential investors in QC through incentives. The QC Local Economic Investment Promotions Office was created as the implementing arm of the QC Economic Development and Investment Code.
Last September 14, LEIPO head Pierangelo Dominguez presented the Economic Development and Investment Plan for 2022-2025 to the QC Economic Development and Investment Board.
“We are looking forward for more businesses to thrive here in Quezon City. Our city is ready and open for investors,” Dominguez said.
“The Economic Development and Investment Plan is an important tool in which we can set our city’s economic and investment priorities, to provide more jobs, and help businesses in QC especially during these times. We want to help our medium and small businesses bounce back and continue their operations in the future. Quezon City is a business-friendly city,” Mayor Belmonte said.
Earlier, QC LEIPO rolled out the Kalingang QC sa Negosyo: Financial Assistance Program for QC Small Enterprises and Kalingang QC sa Negosyo: Wage Relief Program for QC Small Enterprises which aims to provide assistance to small businesses to continue their operations during the coronavirus pandemic.