Wednesday, March 2, 2011

Economic Significance






Bataan is one of the most progressive provinces in Central Luzon and Manila Bay Region. The province plays a significant role in the region because it is strategically located right in the middle of the country’s growth triad corridor of SBMA, Clark Special Economic Zone and Metro Manila. It plays a major role in the Central Luzon “W” Growth Corridor, as the region’s industrial heartland owing to the presence of anchor industries within the Province. It is also a strategic transport route and transshipment point linking SBMA area and other Central Luzon provinces to Metro Manila. In addition, the province is a key contributor to the overall economic productivity in Central Luzon.

The province was identified as one of the country's investment destinations. Moreover, the inclusion of Bataan in the Global Gateways, which is the centerpiece of development of the national government, will certainly spur the economic growth of the province. It promises to be the country's next economic hub when the Subic-Clark-Tarlac Expressway Project (SCTEP) is finally put into place. This expressway will pass through Hermosa and Dinalupihan. It is complemented by the development of Subic Seaport and the Diosdado Macapagal Airport in Clark, Pampanga.

Pristine beaches and natural parks complemented by scenic springs and waterfalls as well as historical markers also provide a setting for a healthy tourism investment in the province.

The competitive market value, abundance of skilled workers and the availability of more lands and port areas make Bataan an attractive site for economic zones in the country. Presence of economic zones ensures that the province lives up to the expectations of all its investors as a primary investment capital of the country. The first economic zone in the country was put up in Mariveles in 1972.

As Bataan positions itself at the center of our country’s economic upheaval, the men and women of the province are gearing up for the expected turn-over of new jobs, better labor scenarios, and the establishment of the rovince as the hub of economic activities in Central Luzon. Bataan, the choice of today’s investors, promises potential opportunities as the peninsula open its doors to economic progress.

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