NABUNTURAN, Compostela Valley Province - The province is now pushing for the influx of more investments as it opened the Compostela Valley Investment Promotion and Business Resource Center (CVIPBRC).
During its launching last month, in time for the annual Bulawan Festival, Department of Trade and Industry (DTI) Davao Region Officer-in-Charge Maria Belenda Q. Ambi and Governor Arturo “Chiongkee” T. Uy signed a memorandum of agreement (MOA) which spells out their offices’ respective responsibilities.
A ribbon-cutting ceremony was done to signal the official opening of the center. It was witnessed by local officials, including the members of the Sangguniang Panlalawigan and District I Representative Maricar Zamora. On the other hand, DTI-Compostela Valley Officer-in-Charge Lucky Siegfred M. Balleque and Local Economic and Investments Promotion Officer (LEIPO) Christine T. Dompor signed as witnesses to the MOA.
With the MOA, the Provincial Government and DTI Comval then agreed to complement the services provided by the CVIPC with the services provided by Business Resource Center thru the establishment of an integrated investment promotion and business resource center located at the Provincial Tourism Office.
Located at the ground floor of the Provincial Capitol in Nabunturan, the center is expected to serve as the province’s investment facilitation arm which is mandated to lure more investors into the area. This will be headed by Dompor.
Balleque said this development actually signals the start of a more investor-friendly climate in the province.
In 2014, Compostela Valley was able to corner mutli-million investments poured in by four different malls all over the province.
“This is also a strategy to augur development among our local MSMEs (micro, small and medium enterprises),” he said.
DTI-Comval has been mandated to establish a Business Resource Center through the Shared Service Facility (SSF) Project. The said center serves as a support system to facilitate the growth of the MSMEs, as well as promote and facilitate investments in the province.
Meanwhile, the Provincial Government has also initiated the establishment of Compostela Valley Investment Promotion Center through Executive Order No. 029-2013 issued by Governor Uy.
The EO mandates to serve the needs of investors through the promotion and facilitation of investments in the priority industry cluster province of Compostela Valley. DTI-CV/Kim Evangelio/jmm
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