"Our chamber hails the enactment into law of the twin-pro business ordinances. This would further encourage local and foreign investors to establish business operations in the city taking into serious consideration the business-friendly policies and the package of incentives that will be offered by the city government," Zulueta said.
The following are the identified investment priority areas (IPA’s) in the ordinance: Pioneering ventures, light manufacturing, infrastructures and services, tourism, consumer productivities, engineering industries, electronic industry, communication and information technology, environment protection projects and mass housing projects.
The QC ITPC shall formulate policies and implement the provisions of the investment ordinance and shall be composed of the following: the city mayor or his duly authorized representative, as chairman; the president or duly elected representative of QCCCI, as vice chairman; representative from QC Federation of Filipino-Chinese Chambers of Commerce & Industry (QC FFCCCI); representatives from three accredited and recognized organizations representing tourism, banking, real estate as members; and treasurer’s office, business permit and licensing office, budget office, PESO office, and city planning office as ex-officio members.
With the passage of the twin ordinances, Quezon City can now rationalize the systems and processes of investment accreditation and intensify promotional and business development activities that would magnify the viability of the city as a haven for productive investment and businesses for both local and foreign investors.