Investment
Criteria in determining Investment Priority Areas
The determination of preferred areas of investment to be listed in the Investment priorities shall be based on the following:
- Environmental impact
- Economic soundness
- Long-term comparative advantage
- Extent of contribution of the activity to a specific development goal
- Market and Technical considerations
- Value of social benefits
Preferred Investment Areas
In the initial years of implementation, the following shall be adopted as priority investment areas by the board
TOURISM
Agri/Eco – Tourism
- Farm Resorts/Sites
- Beach Resorts
- Natural Parks
- Mountain/Inland Resorts
- Island resorts
- Campsites
- Zoological and Botanical Parks/Resorts
Historico-cultural Heritage Projects
- Heritage Tourism
- Land Marks
- Religious Tourism
- Retreat Houses
- Pilgrimage Shrines
Tourism Estates
- Golf Course
- Target Ranges
- Adventure Parks
Support Facilities/Services
- Transportation
- Communication
- Restaurants
- Hotels/Apartelles/Hostels/Pension Houses
MANUFACTURING
- Metal crafts
- Furniture/Furnishing
- Garments
- Gifts, Toys and House wares
- Shellcrafts/Handicrafts
- Lime Processing
- Assembly Plants
- Fashion Accessories
- Cement Production
AGRI-BUSINESS
- Post-harvest Facilities (fish landing, feedmill, cold storage, vapor heat treatment/irradiation technology)
- High-value commercial crop production/Seed production
- Food processing (fruit, meat, fish)
- Aquaculture and seaweed production/processing
- Poultry and Livestock production
- Vegetable production/processing
- Salt production
- Water processing
SERVICES
- Media/Advertising
- Medical
- Information Technology
- Financial
- Engineering/Architectural
- Training and Sports
- Ship Building, Repair and Development
- Development of Indigenous Power Sources
- Human Resource (construction, security, business, domestic/household, etc.)
- Funeral Homes/Memorial Parks
- Infrastructure (construction of ports
- Transportation (to include domestic Airport)
- Research and Educational facilities
- SPA Massage Parlors/Physical Fitness facilities
- Pawnshop
- Medical/Physical Therapy Clinic
REAL ESTATE DEVELOPMENT
- Housing
- Shopping Malls
- Retirement Village
- Convention and Cultural facilities
- Fastfood Centers
Removal/Termination of Investment Areas
The board shall recommend to the Sanguniang the removal of an area or activity from the list at any point when any or all of the following conditions is present
- Sufficient investment in the area or activity have been attained;
- Continued extension of incentives or support measures for the specific investment area is no longer the interest of Guimaras or may place the government and the public in adverse position;
- The investment area or activity cannot attract investors within reasonable time and cost or may result in unfavorable business climate; and
- Lack of progress in the implementation of an environmental management plan.
Review of Investment Incentives and Support Measures
To promote the growth of investments in the province particularly in the preferred investment areas, the Board shall review the package of incentives and support measures at least every two years, and recommend for approval to the Sanggunian the appropriate specific fiscal and non-fiscal incentives that the government may grant to investors and enterprises.
