INVESTMENT

 

Welcome to Bacolod City
     Emerging gateway to the Philippines and to Southeast Asia and the bustling capital of Negros Occidental in Central Philippines,    Known as the "Sugar Bowl" of the country,    the city serves as the  entry point to the 19 towns and 12 component cities of the province and the neighboring Negros Oriental (capital: Dumaguete City).
     Cleanest and Greenest Highly Urbanized City for three consecutive years, and now in the Hall of Fame, also ranked 2nd Most Livable City in its category in 2002,   Bacolod offers a pleasant and wholesome urban environment to live in. Moreover, the city’s vibrant economy, abundant resources, adequate transportation, communications, utility services, and other facilities, as well as the congeniality and superior training of its   human resources make it a promising center for investments, agriculture, trade, and industrial growth.

Transportation

     Bacolod  plays a vital role in the development of central Philippines and in contributing to the socio-economic, industrial and cultural exchange in Southeast Asia.
     Fifty five (55) minutes away from Manila by air, there are a number of morning and afternoon flights to and from the City through the country’s major airline companies - Philippine Airlines, Cebu Pacific and Air Philippines. By sea from Manila, the city is an 18-hour leisurely cruise on board well-known seafaring vessels.
     The city’s seaport in the Reclamation area serves as hub for commerce and trade , catering to international cargo vessels and regular inter-island trips to and from Manila and the rest of Luzon, Visayas   and Mindanao. Inter-island shipping firms have included Bacolod as a major take-off point for passenger and cargo transport.
     The road linkage in Negros allows comfortable travel all over the island. National, provincial and farm-to-market roads are well maintained. Barangay roads comprise 60 percent of the total road network. In many areas, private roads are under the care, mostly, of the sugar industry to facilitate better access for milling and trading purposes. The latest addition to the road network is the Northern link from Bacolod City to San Carlos City via the mountain town of Salvador Benedicto. The new highway,  reduces travel time by about two hours. Likewise,  the Kabankalan-Hinobaan highway in Southern Negros has  increased vehicular and human traffic to and from Negros Oriental via Basay, the backdoor of the neighboring province.
     Buses and jeepneys ply the route 24 hours in certain destinations. Taxicabs and car rental services are available anytime of the day or night in Bacolod. The city is also accessible via a combination of land trip and barge services from various points of Cebu. Trips to Mindanao are available  via Dumaguete  in Negros Oriental.
     Bacolod   has thriving commerce and trade relations with a number of cities, the most active being with Iloilo City  and the Northern Mindanao gateway Cagayan de Oro City.

Communication

     Bacolod City  boasts of its extensive communication facilities, among the best in southern Philippines.  Amenities include telephone stations and toll services, mobile phones, Internet service providers, telex, facsimile, and reliable messengerial services, including internationally known companies and government postal service.
     Telephone communication services have reached almost all towns and cities in the early years of the new century. Also available are mass communication facilities like cable TV, radio and television, newspapers and magazines. At least three towns have their own community radio facilities, an initiative of a private broadcasting network.

Investment Opportunities
Because of the numerous resources in Bacolod City and the rest of Negros Occidental, various opportunities are available for prospective investors. These include:
   
Processed Foods

Bacolod Business Development & Investment Promotion Center

Manufacturing
Power Generation
Gifts, toys and houseware
Garments
Metalwork
Cut flowers and ornamentals
Furniture
Banking and Finance
Travel and support services
Sports and eco-tourism
Mass housing
Information Technology
 
The Local Investment Code

     The Bacolod Investment Code, City Ordinance No. 323, was passed in 2002 to lay down the legal framework and mechanism for integrating the investment incentives laws of the national government with the local development initiative; spread development from the urban areas to undeveloped and underdeveloped areas of the city; promote the flow of investors both foreign and local, thus generating employment opportunities and providing backward and forward linkages among industries in the city, province and the rest of the country. The Code aims to transform selected areas of Bacolod into highly developed Agri-industrial, Industrial, Commercial, Tourist, Investment and Financial Centers in the province, the region and the country. Balanced development and the general welfare of the people through rationalized land use is also an objective of the Code.
     To encourage local entrepreneurs and to attract outside investors, the City offers incentives for new investments and expansion and diversification projects. A qualified investor may enjoy up to five years of exemption from local business taxes and real property taxes on improvements. The number of years of exemption depends on the  classification of the project, and the capital invested in relation to the number of employees hired or to be hired.