On June 28, 2024, the Provincial Economic Development Office held a consultative meeting with the members of the Guimaras Investment Board and representatives from 5 MLGUs at Edith 1945, San Miguel, Jordan, Guimaras.
The meeting discussed the Guidelines on the Formulation of the Local Investments and Incentives Code. The Local Investments and Incentives Code (LIIC) is a document that articulates local government investment policies and programs, Investments Priority Areas (IPAs), local incentives (fiscal or non-fiscal) available to domestic and foreign investors, and the mechanics for availing them.
Also, an overview of the 2017 Guimaras Investment Code was presented. It is a policy of the Provincial Government aimed at promoting and encouraging domestic and foreign investments in the Province of Guimaras. This code applies to all persons, entities, or enterprises in preferred investment areas determined by the Guimaras Investment Board.
The objective of this meeting was to update the current Guimaras Investment Code and identify new potential preferred areas aligned with the priority areas of the MLGUs.
During our discussions, concerns were raised about solid waste management, conflicting regulations between national agencies and LGUs, and parking spaces. These are important issues that we’ll be addressing as we work to make Guimaras even more attractive to investors.
