Pueblo de Panay Inc. (PDPI), owner and developer of 670-hectare Pueblo de Panay Township, held the launching of Pueblo de Panay TechnoPark’s second Information Technology and Business Process Management (IT-BPM) building on June 2.
Projected to finish between the first and second quarter of 2024, the building is seen as PDPI’s next giant step towards providing more gainful local employment for Capiznons and nearby areas in northern Panay Island.
The event was graced by the Board Directors of PDPI, along with Capiz Governor Fredenil Castro, Roxas City Mayor Ronnie Dadivas, officials from the Development Bank of the Philippines (DBP) led by President Michael de Jesus, European Chamber of Commerce of the Philippines (ECCP) Region 6 President Joe Bantiling and (IBPAP) President Jack Madrid.
The construction of the second building in Pueblo de Panay TechnoPark sets into motion a grander plan of having a total of nine such building in this area, the only Philippine Economic Zone Development Authority (PEZA)-accredited IT Park in Northern Panay. It is projected to add 12,600 square meters of space for future IT-IBPM company and commercial locators, which equates to an estimated addition of more than 3,000 IT-BPM jobs in Capiz.
The IT-BPM industry, one of the Philippines’ top two Gross Domestic Product (GDP) drivers along with overseas Filipino workers (OFW) remittances, is considered a major growth driver in the country, as evidenced by its vast and sharp effects in the economies in which it is present. According to the IT and Business Process Association of the Philippines(IBPAP), one direct job in the IT-BPM industry leads to four more jobs in ancillary services.
Whenever an IT-BPM operates in a locality, spending power increases, leading to the rise in small and medium business operations to support the increased demand for products and services.
Since 2015, Pueblo de Panay has consistently leveraged on this facts by founding and sustaining a very active Capiz ICT council composed of local stakeholders from the local and national government offices, the academe and the private sector.
Through these efforts, Roxas City was included in the Department of ICT’s 25 Digital City, a robust program that capacitates and supports Philippine Cities, that have the greatest potential to host, sustain and grow IT-BPM companies. (PR)