The highly-anticipated “Quezon City Investors Summit: Future Ready” will promote Quezon City as an ideal destination for investors and businesses as they continue to recover from the effects of the COVID-19 pandemic.
“The summit will put the spotlight on Quezon City as a top business destination for local and international investors. We hope to attract many investors who can help further stimulate the economy and provide employment for QCitizens,” Mayor Belmonte said.
“Quezon City is future ready, ready for investors, ready to build a better and more prosperous city so that our QCitizens will be able to enjoy the resulting benefits,” said Margarita Santos, head of the Business Permits and Licensing Department (BPLD) of Quezon City.
Aside from its strategic location, Quezon City also has the homegrown QC E-Services platform that makes business processes such as permit and license applications easy for investors, according to Santos.
As a matter of principle, the Quezon City government constantly consults and coordinates with the business sector, which has enabled both sectors to build a relationship of mutual respect and support. “This continued dialogue with the private sector helps all stakeholders to address various challenges and issues, and to think up ways to create a free, fair and fertile business environment,” Perry Dominguez, head of the Local Economic Investment Promotions Office, points out.
The local government is known as an ardent supporter of micro, small and medium enterprises (MSMEs), providing them with incentives from tax breaks, tax payment extensions to changing the validity of business permits and licenses to help businesses especially during the pandemic.
The city’s commitment to good governance saw results when the Quezon City government received its second straight unqualified opinion from the Commission on Audit for its annual audit report for the year 2021. An unqualified opinion is the highest audit rating that can be rendered by COA to a government agency.
Recognized for its quality public service, Quezon City has increased its social services budget over the past three years, enabling the local government to provide livelihood opportunities and create more jobs, support education, and provide permanent housing, better healthcare and social safety nets, among others.