INVEST

INVESTMENT ENABLING ENVIRONMENT

 

THE PROJECT AND ITS OBJECTIVES

The Investment Enabling Environment (INVEST) Project is a two-year initiative of the United States Agency for International Development (USAID) under its City Development Initiative to help the Philippines attract more investments and thus achieve progressive, sustainable, and inclusive development. It assists three partner cities, namely, Batangas, Iloilo, and Cagayan de Oro, to: (1) lower their transaction costs and reduce the cost of doing business and (2) increase their competitiveness as investment destinations. INVEST will thus make government operations more efficient, while promoting cities as development hubs.

 

THE PROJECT’S COMPONENTS

INVEST has two components: streamlining business registration processes and lowering business transaction costs, and improving investment planning and promotion in the partner cities.

The first component has two program areas: enhancing Business Permitting and Licensing System (BPLS) in the partner cities; and strengthening national government support to BPLS reforms. The second has three
program areas: strengthening planning and investment programming and budgeting in the partner cities; enhancing capacities in investment planning and promotions; and enhancing the performance of the partner cities towards competitiveness.

 

THE PROJECT’S BENEFICIARIES

Investments bring in capital, innovative technologies, access to new markets, and other resources that a country needs to strengthen its economy and generate employment. By helping the country bring in investments, INVEST will benefit, over the long-term, the millions of Filipinos who will reap the fruits of
a more vigorous economy that provides more and better employment opportunities. In the immediate
term, INVEST will benefit the citizens of Batangas, Iloilo, and Cagayan de Oro cities.

 

INVEST will help the Philippines attract more private investments by assisting cities lower their transaction costs and reduce the cost of doing business and increase their competitiveness as investment destinations.

 

THE PROJECT’S PARTNERS

INVEST is partnering with the first class cities of Batangas, Iloilo, and Cagayan do Oro and is assisting them
become models for other cities.

Because cities need the support of national government for them to be better investment destinations,
INVEST also provides technical assistance to relevant national government agencies to enable them
to provide the right support at the right time to the investment-related reform efforts of cities in the
country.

Finally, INVEST will work closely with local business groups, the academe, and civil society organizations so that they can be catalysts and advocates of reform.

 

INVEST IN BATANGAS!

The partnership between INVEST and Batangas City will result in the city having a better environment for investments through:

  • reduced cost of doing business and more streamlined permitting processes
  • a business-friendly city government that responds appropriately and speedily to the needs of investors
  • a clearer vision for economic and investment growth for the city that is shared by all
  • a city government that is more capable of managing and implementing investment policies and of encouraging innovation in the private sector
  • a stronger tripartite partnership among the city government, local civil society groups, and local business chambers