ABOUT US

The office accelerates the sound development  of Iriga City in accordance with the updated city development plan and the national development plan for the year 2000 onward, and in pursuit of a planned economically feasible and practical dispersal of industries in the promotion of small, medium and large scale industries, under condition which will encourage competition and discourage monopolies.

The Iriga City Investment Promotion & Business Assistance (ICIPBAC) shall be organised into three (3) technical sections: (1) Investment Promotion Section; (2) Investors and Business Service Section; and (3) Planning/Research Section. It shall be assisted by an Administrative and Finance Section.

SERVICE MISSION

The Iriga City Government shall ensure holistic development by safeguarding the well-being of the social, cultural and ecological life of the people. For this purpose, consultation with affected communities will be conducted whenever necessary. The Iriga City government shall extend incentives to projects which will signficantly contribute to the attainment of these objectivets without which said projects may not be established in the area. The number and/or pace required of the projects shall be planned and implemented towards optimum development of the City’s economy.

SERVICE VISION

The Investment & Business Promotion Center manned by honest, hardworking, dedicated, sincere and friendly personnel committed to deliver fast and efficient One-Stop-Shop processing of Business Permits, and provide Investment Incentive Facilitation Services to generate more revenue to contribute to total development of the City as a premiere Agro-Ecotourism Center in the Philippines.

COMMITMENT STATEMENT

We, the personnel of Iriga City Investment Promotion and Assistance Center (ICIP-BAC) commit ourselves to serve our stakeholders with sincerity, dedication and promptness in order to maintain our standard of keeping them satisfied.

SERVICE VALUES

In our way of promoting Iriga as a City of character and in our desire for service excellence we sincerely adhere to the following values:

HONESTY

  • We speak the truth at all time
  • We inform the people what they need to know
  • We submit accurate performance evaluation and other reports

DEPENDABILITY

  • We work hard to meet our goals
  • We extend assistance beyond the scope of our work
  • We offer options and alternatives to meet our customers’ needs

HUMILITY

  • We accept our mistakes and limitations
  • We acknowledge other people’s ideas
  • We are sensitive to other people’s needs

PERSISTENCE

  • We are determined to give excellent service amidst challenges
  • We keep on working to attain what is being asked for
  • We do our own work without complaints and remain calm despite work crisis

RESPECT

  • We recognize the rights of others
  • We give priority to people with special needs
  • We give regard to our heritage and different cultural practices (patriotism)

ORDERLINESS

  • We abide by existing policies and regulations
  • We serve in a well-arranged and conductive work place
  • We wear our prescribed office uniform

FUNCTIONS OF THE OFFICE

The primary function is to establish a favourable and stable policy for business which will encourage and support private sector investment and in the operation of business activeties consistent with the development needs of Iriga City program.

Iriga City Investment Promotion and Business Assistance Center main objectives concentrated in three main areas:

a) Investment Promotion Efforts
b) Investor’s Facilitation and Business Services
c) Research and Planning Activities

The Center is headed by an Executive Officer hired by the Iriga City Investment Incentive Board (ICIIB). It will be supervised by the board.

The Center Funds shall be sourced from the following:

1. Contribution from the City Government of Iriga in the amount of P300,000.00 as initial for its operation;
2. Collection from payment of service assistance and non-refundable fees deposited as trust fund with the CTO;
3. 2% from the Internal Revenue Allotment;
4. Other sources

The following are the Priority Investment Areas (PIAs):

A. Manufacturing

1. Garments, Textile and Wearables
2. Ceramics andNnon-Ceramics Mineral Processing
3. Light Metal Industries
4. Furniture and Fixture and Bamboo Craft Products
5. Gift, Toys and Housewares
6. Fine jewelry, Fashion Accessories and Novelty Items
7. Electronics, Computer and Appliances Manufacturing
8. Footwear and Bags
9. Repacking or Processing of Liquors or Distilled Spirit Wine
10. Recycling of Plastic and Plastic Product and other Recycle Materials
11. Leather and Leather Product
12. Fine Jewelry and Fashion Accessories
13. Manufacture of Pharmaceutical Products
14. Other Manufacturing Concern which involves Export of the Final Product

B. Agri-Business and Processing

1. Food Processing
2. Farm Harvest and Post Harvest Facilities
3. Feedmill and Livestock Support Services
4. Cutflower and Production of High Value Crops
5. Livestock and Poultry
6. Beef and Dairy Products
7. Processing of Crops into Intermediary and Final Product
8. Operation of Nurseries and Breeding Farms
9. Commercial Fruit and Vegetables

C. Forestry and Fishing

1. Industrial and Commercial Tree Plantation
2. Integrated and Agricultural Land Technology
3. Inland Fish Culture

D. Tourism-Related Projects

1. Tourist Accommodation Facilities such as:
a. Midrange Business Hotels
b. Resorts
c. Golf Courses
d. Apartelles
e. Pension Houses
f. Tourist Inns
g. Theme Parks
h. Air-conditioned Restaurants
i. Convention Facilities
j. Tourist Transport Facilities

E. Trading and Commercial

1. One-stop Shopping Center Complex
2. Trading of Export Products

F. Infrastructure Projects

1. Zipline
2. Canopy Walks
3. Mountain Villa with Resort , Casino and Bar
4. Olympic Villages
5. Waterworld Parks and Resorts
6. Socialized Housing Projects
7. TV Stations to include Cable TV
8. Commercial Branch Banking and Financial Institutions
9. Printing and Publishing
10. Blast Freezer and Cold Storage Services
11. Fully Air-conditioned Cinemas and Cultural Centers
12. Industrial Estates and Industrial Communities
13. Educational/Training Institutions
14. Telecommunications Facilities
15. Hospitals and Diagnostic Center
16. Projects covered by BOT Laws

Priority Development Areas:

A. For Industries – the identified Ecozone areas as provided for in the Iriga City Land Use Plan at barangay San Isidro, Sto. Domingo and adjacent barangays.

B. For Commercial Establishment and Services- barangays within the central business district (CBD); barangays along the Iriga –Masoli Bato Road; barangays along the National Highway from Nabua-Baao Boundary.

C. For agri-industrial, forest-fishing, infrastructure and services – the barangays surrounding Mt. Iriga and the river unit barangays.

INCENTIVES:

A. Fiscal Incentives:

1. Exemption from payment of the following (other than franchise tax and amusement tax)
Php 3,000,000.00 –Php 5,000,000.00 – 3 years
5,000,000.00-Php 10,000,000.00 – 4 years
10,000,000.00 – above – 5 years

2. Franchise Tax based on capitalization as follows:

Php 3,000,000.00 –Php 5,000,000.00 – 3 years
5,000,000.00-Php 10,000,000.00 – 4 years
10,000,000.00 – above – 5 years

3. Amusement Taxes from date of approval of Registration as follows:

First year – 100%
Second Year – 75%
Third year – 25%

4. Basic Real Property Tax on property and improvements, building and machineries accruing to the General Fund imposed under the existing Local Tax Code of the City from the date of approval or registration based on the assessed value of land and cost of acquisition in the case of machineries /equipments, as follows:

Php 3,000,000.00 and above – 1 year

B. Non Fiscal Incentives:

1. Project Development and Documentation
2. Site Selection
3. Securing Local Permits and Licenses
4. Accessing Private and Government Financial and Technical Assistance
5. Joint Venture Matching
6. Manpower and Skills Development
7. Seeking Special Agreements with Local Utilities

OTHER INFORMATION:

  • Ordinance No. 2000-01 – An Ordinance enacting the Iriga City Investment Incentive Code of 1998, as amended. This ordinance shall known as the IRIGA CITY INVESTMENT INCENTIVE CODE (ICIIC) OF 1998
  • Iriga City Investment Incentive Board (ICIIB)- The ICIIB tasked to implement the provisions of the Iriga City Investment Incentive Code.

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