Why You Should Invest in Pagadian City
The City of Pagadian, the capital of Zamboanga del Sur, is situated in the eastern part of the Zamboanga Peninsula. Over the past few years,Pagadian City enjoys a bullish business climate, which attracts more investments in the region, resulting to more job opportunities and an improved economy.
What are the best features of Pagadian City that local and foreign investors see?
Strategic Location
The city is geographically situated on the northeastern side of Zamboanga del Sur in the Island of Mindanao. It constitutes 8.46% of the land area of the province. Because of its strategic location among the cities and provinces in the region, Pagadian had been declared the regional administrative center for Western
Mindanao. It sits at the crossroad of Zamboanga peninsula adjoining the cities of Zamboanga to the west, Ozamis to the north, and Iligan to the east.
Accessibility
The city is accessible via air, land, and sea travel. Pagadian City Airport has daily flights to and from Manila and Cebu City. Land travel is also made easy by the Philippine–Japan Friendship Highway, while roll-on/roll-off interisland ferries connect the city to many areas in the Philippines.
Livability
A survey conducted by the Mindanao Economic Boom earlier this year indicated that Pagadian City is at #8 of Top 10 Most Livable Cities in Mindanao. As of 2009, 93% of
the barangays are energized by ZAMSURECO I through the NPC from Iligan City. A total of 72.80% households in the city already had electric power. Approximately 71.52% of households were noted to have level 3 water supply services. The city has
abundant springs which are utilized as water sources, while deep wells are developed in designated areas for additional sources of water for domestic use.
Low Cost of Doing Business
The cost of doing business in Pagadian City is comparatively cheaper than in other major cities in the country, which make the city attractive to businesses. Rates of public utilities and local communication, rentals for commercial spaces and accommodations, labor, raw materials, and other business needs are relatively lower here.
Infrastructures and Competitiveness
The city has 17 commercial, cooperative, rural and government banks with 71 private
lending shops /financing investors. Telecommunication facilities and connection are available through Smart, Globe, Sun Cellular, PLDT and CRUZTELCO.
Data as of 2010 showed that of the total labor force, 35% are employed in agriculture/fishery, 10% in manufacturing and 55% in services/wholesale/retail businesses. Agriculture and fishery are the dominant economic activities and ranked
foremost sources of livelihood in the city while rice, corn, coconut, root crops,
and high-value crops are the main agricultural products.
The bullish economic growth in Mindanao in the recent years attracts more investors in Pagadian City and other key areas in the region. This brings us a step closer towards transforming Mindanao from being “the land of promise” to becoming “the land of fulfillment.”
