BY CHRYSEE G. SAMILLANO
The House of Representatives approved on third and final House Bill No. 5440, or a Bill Establishing the Bacolod Economic Zone Authority.
Bacolod Rep. Greg Gasataya said “The establishment of special economic zones will generate employment for our people and allow our skilled workers not to seek employment in other urbanized cities in the country.”
Investors, both foreign and local, may also invest in industries in Bacolod City such as manufacturing, which in turn will entail more competitive wage rates, the solon said.
Gasataya said they filed the bill in 2019 as existing economic zones in Clark and Cavite have shown promise in local economic, social, and cultural growth.
“Through this bill, we will be able to further propel growth for Bacolod City,” he added.*