Capitol sets strategy to spur local investments
Lingayen – The Espino administration wants to start with livelihood ventures at the grassroots level to spur investments in the province.
This was the direction provided by Provincial Administrator Rafael Howard Baraan during the first meeting of Investment Promotion Board (IPB) last week.
He urged IPB members to help organize communities to set-up big-scale economic operations while the government builds strategic infrastructure projects to bolster investments.
“We must build from whatever we have,” Baraan said.
“Investment promotion is not just about waiting for outside entities to come in. At the end of the day, the ultimate measure of success is how we are able to translate the vision of the province (The best place to invest, work, live and raise a family) to the household level,” he pointed out.
The IPB is currently updating the Pangasinan Investment Code of 2003 which will be renamed the Pangasinan Investment and Incentives Code of 2014.
Meanwhile, the provincial government continues to empower households and sectoral groups by providing seed capital and financial assistance for livelihood ventures through membership in the Credit Surety Fund (CSF) program and the Livelihood Assistance program of the provincial government.
The Pangasinan CSF has so far facilitated the release of P91million to 18 CSF-member cooperatives in the province engaged in various livelihood ventures such as rice and corn production and trading, livestock raising and piggery since it started in 2011.
The Livelihood Assistance program launched in 2008, has already released P41million for 317 cooperatives and associations with 11,527 beneficiaries; and 33 owners of Medium, Small and Micro Enterprises (MSMEs).
Baraan said the goal of the present administration to transform each Pangasinense household to become productive is slowly being realized through the two programs.
“Every household leader should stand up with confidence to say that Pangasinan is the best place for my family – because here, we have the means (livelihood opportunities),” he said. (PIO/MGNO)
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