|Quezon City a model for INVEST-USAID|
The Quezon City government has been one of the models for the other Local Government Units (LGU) of the Investment Enabling Environment Project (INVEST-USAID). INVEST aims to improve the investment and business climate by addressing the key constraints underlying the low level private investment in the country. The project is funded by USAID, a US govenment arm that provides significant economic assitance to developing coutries like the Philippines.
The INVEST project has recognized the QC-LGU's efforts to streamline business processes by expanding the Business One-Stop-Shops (BOSS) and the newly linked Philippine Business Registry (PBR) systems. BOSS shortens the process of local registration, permits and licensing of new businesses while PBR serves as a seamless medium for business registration across the application systems of all national level agencies with business registration-related transactions. These innovative systems eliminate the cumbersome process of red-tapes by engendering an impeccable environment to new businesses.
Other areas of interest to the INVEST-USAID are the QC-LGU's efforts and unertakings in fiscal management and revenue generation as well as the promotion of the city as an attractive investment location.
Iloilo City delegates for the IVEST-USAID project with QC officials
Iloilo and Batangas City officials have already met with Quezon City officials to see how the latter executes the new systems that now benefit the local business sector. BOSS and PBR have not only streamlined the business process but likewise reduced the cost of putting up a business for aspiring investors and enhanced the revenue generation for the Quezon City.
QC BPLO Head Mr. Gary Domingo showing how the PBR link and the BOSS works to