MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) said it signed agreements with business organizations in the Metro Clark area in Pampanga to conduct investment studies and promotions.
The BCDA said its vice president for investment promotions and marketing Erwin Kenneth Peralta signed two separate agreements with the Metro Angeles Chamber of Commerce and Industry Inc. (MACCII) and the Pampanga Business Development Coordinating Council (PBDCC) last June 8.
“Under their respective agreements, both MACCII and PBDCC agreed to share knowledge and information on investment opportunities, incentives, facilities, and development projects within BCDA properties, especially New Clark City, to enable effective promotion to potential investors,” the government-owned and controlled corporation said in a statement.
READ: Clark freeport attracts P44.5B investment in 1st quarter of 2024
The BCDA said both groups committed to organizing joint workshops, seminars, and networking events with them to promote knowledge-sharing, business-matching, and exploration of potential ventures.
Specifically, the MACCII also agreed to use its network and resources to promote investment opportunities inside BCDA’s properties to local and foreign investors.
Business incubation facility
It also vowed to represent the interests of the business community in Angeles City and Central Luzon, advocating for policies and initiatives that promote economic growth, investment, and business development in the region, said the BCDA.
READ: Maharlika keen on funding key BCDA projects
The MACCII will provide inputs and recommendations to the BCDA and other government agencies on matters affecting the business sector.
Meanwhile, the BCDA said PBDCC had agreed to establish and operate a business incubation facility in New Clark City, with the goal of conducting market research and studies on identified projects.
For its part, BCDA said it will share knowledge and information on urban planning, infrastructure development, and management of economic zones.
The government-owned and controlled corporation said it will also collaborate with both groups in all investment promotion events and activities, market research, and feasibility studies.