Danao City holds investment forum

CEBU, Philippines — The Danao City Investment and Promotions Center (DCIPC) is set to hold a Danao City Investment Forum to reinforce its continuous efforts to boost the city’s economic growth post-pandemic.

The event to be held this afternoon, July 8, 2023, at the Marco Polo Plaza in Cebu City, gathers existing and potential business players to discuss programs where the local government unit and the private sector can work together.

According to DCIPC officer-in-charge Red Durano, the city is on an active stance to connect with Danao City business operators, as well as potential investors who have been eyeing business expansions in the city.

DCIPC has been conducting series of meetings and discussions with businesses and potential investors, among other initiatives.

“We are optimistic that we will be able to achieve the city’s goal of showing economic sustainable development,” said Durano.

Apart from the actual activation of the DCIPC early last year, part of these economic development efforts include Danao City’s first-ever Business Expo last September 2022; the activation of the Danao City Investment and Incentives Board (DCIIB) that directly engages with the private sector in terms of developmental decisions; and the activation of the Danao City Chamber of Commerce and Industry (DCCCI).

Danao City has also put in place certain policies to encourage private sector participation in the City’s growth through the passing of the Private Public Partnership Ordinance, which provides a legal framework and basis for the City to enter into contractual arrangements with the private sector.

The investment forum will tackle different topics relating to Danao’s readiness to host multi-industry investments, including “Why Invest in Danao City?”, as well as the city’s contribution to Cebu Province and the upcoming big-ticket projects in the city.

Durano emphasized that the investment forum is not just organized to discuss their plans but also to listen to the private sector.

“We have all these plans in the pipeline, but the only way we can achieve this is with the collaboration and participation of the people. We need them in the next steps for Danao to truly move forward,” he said.