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  • Writer's pictureBy The Financial District

₱500-M Investments Eyed For Iloilo, Guimaras

The Metro Iloilo-Guimaras Economic Development Council (MIGEDC) is hopeful of obtaining at least half a billion pesos worth of investments following a forum set on Nov. 20 at the Conrad Hotel Manila in Pasay City.

This will be the first-ever forum aimed at bringing development outside of Iloilo City. I Photo: Vista Land International Marketing, Inc.

MIGEDC, an inter-local government cooperation initiative established in 2006 that promotes private sector-led and market-driven growth, partnered with the Iloilo Economic Development Foundation (ILEDF), the umbrella organization of various business groups in the province, to conduct the first-ever forum aimed at bringing development outside of Iloilo City.

“As economic developments are moving beyond the borders of Iloilo City, the Metro Iloilo-Guimaras Alliance invites investors to look into the growing economies of these new areas, for it provides a rare opportunity to grow their investments,” Iloilo City Mayor Jerry P. Treñas, also the chairperson of the council, said in a statement.

Iloilo City Local Economic Development and Investment Promotion (LEDIP) office head Velma Jane Lao, who also sits as MIGEDC executive director, said the member LGUs will present investment opportunities in the towns of Leganes, Pavia, Sta. Barbara, Cabatuan, Oton, San Miguel, and Guimaras province.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Investible areas include Information and Communications Technology-Business Process Management (ICT-BPM), logistics, manufacturing, tourism, healthcare, and real estate.

She said San Miguel town, while serving as the province’s food basket, is interested in going into agro-processing. It has a space that the town would like to convert into a mixed-use commercial area for the Technology Park.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Leganes has a 286 contiguous land area consisting of 100 hectares of privately-owned land and 186 hectares of LGU-owned lot that can be developed into an economic zone.

Sta. Barbara, meanwhile, is eyeing a recreation and retirement village, while Oton eyes a waste processing facility and an ecological park while sustaining its local industries, like weaving.

Banking & finance: Business man in suit and tie working on his laptop and holding his mobile phone in the office located in the financial district.

Cabatuan, which hosts the international airport, is eyeing to become a logistics and food terminal hub.

Pavia, on the other hand, would maintain its standing as an industrial center of Iloilo. Guimaras is looking for a stable power supply to complement its target of having cold storage facilities and agri and eco-tourism projects.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Joining the forum is former Senator Franklin M. Drilon, who was behind the huge investments in infrastructure in the city and province, and Mission Director of the United States Agency for International Development (USAID) Ryan Washburn.

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