Balanga City generates P6.4 B fron business sales, new investments

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  • Mar T. S.
  • 9 years ago

 CITY OF BALANGA, Bataan-  This thriving Bataan capital cracked another record of its own after generating P6.4 billion last year from various business sales, new investments and income .

Mayor Joet S Garcia said yesterday that the gross sales from various business activities reached to almost P5.5 billion alone whole some P900 milion in new investment was poured into the city.

The steady increase in the city’s income in gross business sales followed the P6.1 billion in 2012, and P5.9 billion in 2011, said Mayor  Garcia in his recent State of the City Address held in Plaza Mayor and witnessed by thousands of citizens.

A big bulk of this income came from the gross sales of the businesses in Balanga which amounted to P5.5 billion. Breaking this down, P53.4 million was generated in business taxes and P859 million in total investments on infrastructure.

“Our economy is animated by the investors, therefore we need to entice more of them here in Balanga,” said Garcia.

He reported that most of the sources of the city’s income increased compared to 2012 including the real property tax, economic enterprise, and internal revenue allotment among others.

Under the economic enterprise, the income from the Galeria Victoria mall, Tiendas de San Jose, public market, and from plaza kiosks amounted to P51 million compared to P43 million in 2012.

With businesses flourishing in the city, thousands of citizens landed jobs like in information technology and business process outsourcing firms (Software Ventures, Inc. and Mobile Edge,Inc.) and in commercial establishments (Jollibee, Puregold, Robinsons and Chowking).

Through the help of the Public Employment Services Office(PESO), about 3,530 job hunters were able to get a career. Over 7,600 individuals were registered in the City of Balanga Jobs Online Website which will match them to job providers.

A younger brother of Gov Abet S Garcia , Mayor Garcia added that a job readiness assessment will be integrated in the Barangay Week program wherein PESO staff will help citizens in barangays to find jobs.

“The progress of the city will only be sustainable if businesses will continue to grow and increase because they are the enterprise that gives jobs to our fellowmen,” said the multi awarded mayor.

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