DESPITE the gloom brought about by the prolonged COVID-19 pandemic, City Council’s trade and commerce committee chair Councilor George Goking on Friday seen investors remained optimistic about the city’s path towards development.
Goking even expressed his gratitude to the business sector, noting a higher percentage of applications of business permit renewals this year as compared to last year’s figures.
“Local businessmen still see a lot of growth opportunities in Cagayan De Oro,” said Goking.
Earlier, city finance recorded some 10,000 of applications of business permit renewals including over 400 new applications.
He said although some businesses are not doing well, still they supported the government efforts to restore the economy.
“Nonetheless, the city has become ripe for many types of investments despite the pandemic,” said Goking.
City Ordinance No. 13992-2020, or Ease on Doing Business, that Goking authored has also made it easier to apply for new businesses and renewal of business permits.
“City government needs funds to implement and continue proposed and ongoing projects,” said Goking as he stressed that the city scholarship program and other programs for health, peace and order, among others, should be pursued.
“Continue investing in Cagayan De Oro can take us to the future,” he said that the only way the city can get is also to showcase investment opportunities.
The city had consistently beat the country’s average economic growth rate even before the pandemic, he stressed.
Goking is also pleased for the unity among the government, business sector and the Cagay-anons as the city continues to fight and recover from the pandemic. (Ben Balce)
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