The Department of the Interior and Local Government (DILG) RO2 and the Department of Trade and Industry (DTI) RO2 conducted a “Training - Workshop on Operationalization of Local Investments and Incentives Code (LIIC)” on October 08 - 10, 2018 at Villablanca Hotel, Tuguegarao City, Cagayan.
The three-day activity, which was participated in by investment promotion officers and frontliners representing 18 Local Government Units (LGUs) was geared towards improving the LGU’s investment promotion services through the operationalization of their LIICs.
In her Welcome Remarks, DILG OIC DC Catherine Miranda thanked everyone for their interest in taking proactive measures to improve their local economies and to enhance their respective business and investment climates.
Meanwhile, in his message, which was delivered by OIC ARD Ma. Salvacion A. Castillejos, RD Ruben B. Diciano emphasized the need to develop investment-ready LGUs that can embrace and take advantage of the recent developments in the country’s investment climate. “The LGUs should start operationalizing their LIIC as this is a powerful tool to attract and retain prospective and existing investors,” RD Diciano said.
DILG RD Jonathan Paul M. Leusen, Jr. encouraged the participants to maximize their participation in the three-day training in order to improve their competencies as investment promotion officers which will redound to the attraction and expansion of businesses in their localities and the creation of more jobs and more opportunities for all.
Among the topics discussed were: 1) Understanding the Behavior of Investors by OIC PD Winston T. Singun; 2) Preparation of Investment Promotion Collaterals and Project Profiles by DC Mary Ann C. Dy; 3) Investor Targeting based on LGUs’ Investment Priority Areas by OIC PD Henry O. Conel, Jr.; and 4) Review of the Salient Features of the LIIC and Functions of Investment Promotion Officers by TIDS Charles Irvin P. Tagarino.
Ms.Remedios P. Agoncillo and Mr Romel Olimpo, CEIPOs of San Fernando City, Pampanga and General Trias City, Cavite, respectively, shared their best practices in investment promotion during the activity.
The training-workshop had been very fruitful with the participants going home with the following outputs: 1) draft project profiles; 2) indicative investment marketing matrixes; and 3) detailed action plans for the operationalization of their LIICs. These outputs will be formally transmitted to their Local Chief Executives for approval.