Investment promotions officers to collaborate with CIPO, DILG

The Cebu Investment and Promotions Office (CIPO) held its collaboration meeting with the local economic and investment promotions officers and the Department of Interior and Local Government (DILG)-Cebu Province. The Nov. 18 meeting was conducted at the Cebu Provincial Capitol.

According to DILG Cebu Provincial Director Jerome Gonzales, this is the first time that a joint activity was initiated to gather all local economic and investment promotions officers (LEIPOs) ever since the Joint Memorandum Circular (JMC) 2011-01 was approved in 2011.

The JMC 2011-01 of the Department of Trade and Industry and DILG mandates the local government units (LGUs) to formulate Local Investment and Incentives Code (LIIC) in order to enhance the local investment climate.

In the recent activity, CIPO pointed out that it is willing to give technical assistance to LGUs in crafting their Local Investment and Incentives Code. This is CIPO’s initiative in improving the business climate in Cebu and attracting local and foreign investments.

Benjamin Joseph Yap, head of CIPO, plans to collaborate not only with the municipalities and component cities of Cebu Province but also with the highly-urbanized cities of Cebu, Lapu-Lapu and Mandaue.

Yap said that there should be a cohesive action between cities and municipalities because in the end, it’s the Cebuanos who will benefit from these job-generating investments. He added that the CIPO could not do it without the help from the LGUs as well as from the national government agencies.

The meeting was participated by 26 LGUs from Argao, Asturias, Barili, Bogo, Carcar, Carmen, Compostela, Consolacion, Cordova, Daanbantayan, Dalaguete, Danao City, Ginatilan, Lapu-Lapu City, Mandaue City, Medellin, Minglanilla, Moalboal, Naga City, Oslob, Ronda, San Remigio, Santander, Sibonga, Tuburan, and Tudela. July Anne C. Guibone