Firm to embark on P1.5M study on city’s economic potentials

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Sunday, January 5, 2014

THE Davao City Investments and Promotions Center (DCIPC) will be allocating P1.5 million for a study on the economic potentials of the three districts of the city, an official said.

"We will closely coordinate with the City Planning Office for the terms of reference (TOR) of the study and we expect to have partnership with tertiary institutions because we will include them in coming up with proposal on the rendering of the districts," DCIPC officer-in-charge Ivan C. Cortez told reporters on Friday, adding that those who will conduct the study are from the private sector.

The TOR will be finished by March and the study will begin in the second quarter. They hope to finish the study in one and a half years.


Cortes said the study will start an inventory of what services, businesses, and institutions -- e.g. bank, schools, and hospitals -- are present in each district and it will end with recommendations of how to and what are needed to complete it.

Cortez said these recommendations will provide investors with the idea on where to locate their businesses, which is also one of the main objectives of the study.

"Another is it will answer a lot of urban challenges. For example, if the services or businesses are complete in a certain district, we can expect the easing of traffic problems because the public do not have to go far or to the downtown area to avail of certain services or products because these are already available in their district," he said.

Aside from the study, which will help assist investors, they will also be bringing services to local investors in the city.

"We, together with the Board of Investments, will be conducting once a week visits to one company to know what their future plans and how we can help them," Cortez said.

Some of the services they will be offering will be feasibility studies, business matching, data banking, and licensing.

DCIPC is also readying a proposal for the establishment of an economic zone for electronic companies and hopes that it will be approved within the year.

Published in the Sun.Star Davao newspaper on January 06, 2014.


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