PRIMER

BACOOR INVESTMENT CODE OF 2008

R E N ATO G . O C A M P O
( L E G A L A S S I S T A N T, B T I I C / BCCII)

BACKGROUND
The Bacoor Investment Code of 2008 was enacted by the Sangguniang Bayan of Bacoor on March 31, 2008, authored by then Councilor, Hon. Hubert G. Gervacio; The BIC 08 though enacted, was not fully implemented until the Hon. SBR created the BTIIC ( Bacoor Trade & Investment Information Center), tasked to enforce/implement provisions of BIC08.
(Bacoor Investment Code of 2008 Chapter 4 Section(s) 1 & 2 and all subsections thereof)

DIRECTION & ASPIRATIONS (AS MANDATED BY

BIC 08) a) Promote & Encourage Domestic & Foreign Investments in the Municipality of Bacoor.

Attract & Entice Investments in Priority Areas (defined by BIC08) that will Contribute to the SocioEconomic Development, through Optimal Utilization of Resources. c) Activation of Bacoor Investment Board (BIB) to ensure the provisions of the BIC of 2008 thereto, be Implemented & Adopted by all business communities in Bacoor.

b)

PRIMER:
d

) Create the Bacoor Trade and Investment Information Center;

Shall serve as:

 A Venue for All Business Opportunities Information Services; Showroom or Product Display Center .

&

 Trade & Investment & Information Resource Center;

BACOOR INVESTMENT BOARD

COMPOSITION Chairman, LGU, LCE ( Hon. Strike B. Revilla) Vice Chair, LGU Accredited Business Organization (President - BCCII, Rowena B. Mendiola) MEMBERS  Congressional District Representative ( Hon. Lani Mercado Revilla)  SB Chairman Trade & Industry & Appropriations Committee (Hon. Reynaldo Palabrica)  SB Chairman Environment Committee ( Hon. Jaime Sapanghila)

 SB Chairman Ways & Means; Infra & Environment Committee (Hon. Jaine san Miguel)  Assessors Office,; (Mr. Teodoro L. Dayday ;Dept. Head)  Treasurers Office, LGU; (Mr/Ms ;Dept. Head)  Power Sector Representative (MERALCO)
(as mandated by BIC 08)

AGENDA
To establish a favorable & stable business climate encourage & support private investment consistent with developmental needs & environmental objectives of the LGU-Bacoor.
(Chapter 3; Sec. 4. & all Subsections thereof; BIC08)

The LGU is looking for strategies to increase the flow of money into its economy.

Bacoor has the potential for increasing local tourism and other industries. As a result will create more jobs and other peripheral benefits to its more than 600,000 residents

VISION
To become a GLOBALLY Competitive, 1ST Class Municipality & City in the soonest possible future in harmony with all the Component Elements of SOCIETY & GOVERNMENT, Ensuring & Promoting Social Justice for all.

MISSION
To Mainstream Growth & Development of Bacoor, Without Exclusivity to Existing Stakeholders but also to Ensure the Maintenance & Promotion of Continued Growth & Development, Coinciding to Meet the Basic Needs of All Constituencies in Social, Economic & Political Perspectives, towards a Global Bacoor.

OBJECTIVES
To improve and promote a sound and sustainable economy which encourages commercial growth to offer residents and visitors (TOURISTS) a wider choices of local & international products in the market. To establish the Bacoor Trade and Investment Information Center as main conveyor for business & shall develop Bacoor as the most friendly LGU in trade & investment.

To establish Bacoor as one of the sought after hub for all business ventures in all legal forms of any marketable agenda of all business communities whether local, international, micro & macro economic perspectives in line with the socioeconomic policies that will entail sustainable development & environment ally conscious society. To promote the growth of investment in Bacoor particularly in the preferred investment areas, the Board shall renew the package of incentives and support measures at least every two (2) years, and recommend for approval to the Sangguniang Bayan.

PRIORITY AREAS
CRITERIA
Environmental Impact Economic Soundness Long Term comparative advantage Extent of Contribution to a specific development goal Market & Technical Considerations Value of Social Benefits
(Chapter 5; Sec. 1(a,b,c,d,e&f), BIC08)

PREFERRED INVESTMENT AREAS

MANUFACTURING
o Metalcrafts o Furniture/furnishimgs o Garments o Gifts, Toys & Housewares o Handicrafts o Assembly Plants o Fashion Accessories o Cement Production

SERVICES
Media / Advertising Indeginous Power Resources Medical Human Resource Information Technology Funeral Homes Memorials Parks Financial Institutions Engineering/Architectur Infrasructure al Transportation Training & Sports Reseach & Education Ship Building, Repair & Pawnshops Development Development of

REAL ESTATE DEVELOPMENT

Housing Shopping Malls Retirement Village Convention & Cultural Facilities Fast Food Centers

QUALIFIED CAPITAL FOR INVESTMENT SMALL SCALE Enterprises P 3M 15M MEDIUM SCALE Enterprises P 16M 100M LARGE SCALE Enterprises Above P100M
(Chapter 6; Sec. 1 (A-H), BIC08)

INCENTIVES
FISCAL INCENTIVES

 Exempt for Three(3) years Municipal

Impositions  Shall apply only to NEW Investments 100 % - 1st year 75 % - 2nd year 50 % - 3rd year 0 % - 4th year
(Chapter 8; Secs. 1&3; BIC08)

NON FISCAL INCENTIVEScenter/  One-stop/simplified documentation

    

procedure Secure direct source of power & water connections Negotiation of special rates on industries with a minimum load of 1000KWs Assistance for sight selection, right of way & access roads Assistance in labor recruitment & arbitration Others may be determined by the BIB.

: SHALL APPLY TO NEW & EXISTING ENTERPRISES, (Chapter 8; Secs. 2&3; BIC08)

ORGANIZATIONAL FLOW
MAYOR

SANGGUNIANG BAYAN

BIB

CONSULTANTS

BTIIC

PESO

MPDC

BPLO

BCCII

ALL OTHER GOVERNMENTAL AGENCIES; HOAS; OTHER BUS. ORG.

THINGS TO DO
Funding for BTIIC to effectively implement the mandate of BIC 08. Implementing Rules & Regulations for BIC 08. Suggestion to Include BPLO as member of BIB. Trade-Investment & Tourism interrelated. Adaptability; Innovations & Infrastructure. Zoning Ordinances must be enacted. To lessen LCE workload we recommend that Chairmanship of BIB be delegated, he shall be Vice-Chair.

BCCII BOARD OF DIRECTORS

BTIIC FAMILY

THANK YOU.