The city of Bacolod is outlined. Plan for Economic Recovery in the Twenty-First Century (Covid-19)
Increased government spending on infrastructure to provide more jobs and livelihood chances has been detailed by the city government here as part of its immediate economic recovery plan from the coronavirus disease 2019 (Covid-19) epidemic.
Mayor Evelio Leonardia said in a statement on Tuesday that local and national government-funded projects totaling PHP3 billion are now being implemented, with more to begin soon.
“In the short term, we need to see increased government spending in the infrastructure sector to provide more jobs and chances for Bacolodnons to earn a living.” He went on to say, “This is one of the primary thrusts of the city’s economic recovery plan.”
The new Bacolod City College is worth PHP350 million, and the Bacolod Relocation Site is worth PHP350 million. Other ongoing projects include the PHP150 million rehabilitation of the Libertad Public Market, Burgos Public Market, and Central Market, the PHP800 million Bacolod MassKara Coliseum, and the PHP260 million Bacolod Museum.
The museum building funds were sourced by Senate Majority Leader Juan Miguel Zubiri, while the reconstruction of the city’s three principal markets is funded by an appropriation from the Local Government Support Fund.
“All of this government spending will translate into job chances for our beloved Bacolodnos,” added the mayor.
According to Leonardia, the local government would launch an aggressive marketing drive to lure new investments in order to restore Bacolod’s economic vibrancy prior to the pandemic.
“Before the health crisis was announced, the city’s economy experienced its strongest growth ever, with over 25,000 business registrants,” he stated.
In 2007 and 2021, the Philippine Chamber of Commerce and Industry named Bacolod as the Most Business-Friendly Local Government Unit in the highly urbanized city category.
Nonetheless, Leonardia advised Bacolodnos that, while the number of Covid-19 cases is reducing, they should not relax their guard because the health crisis is far from finished.
The mayor urged people who have not been vaccinated to receive their Covid-19 shots and those who have been vaccinated to have booster shots to increase their immunity to the virus.
“Continue to follow the bare minimum of health protocols,” he advised Bacolodnons.
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