The Naga City Investment Board (NCIB) is the office primarily tasked with investment promotion and generation.
Established in 1999 though Ordinance No. 97-114, the Naga City Investment Board is at the forefront of maintaining and enhancing the economic competitiveness of the city. As an instrument of growth, the NCIB formulates and implements policies designed to enhance Naga’s position as an ideal investment destination and to direct investments to areas where they can best contribute to a balanced economic development.
The Board is also tasked with the administration of incentives, including facilitation services (One-Stop-Shop). Programs are implemented by a technical arm reporting directly to the Board
The NCIB is composed of 11 members. Five of the members come from the private sector— 3 from the business community and 2 from developmental non-government organizations nominated by the Naga City People’s Council. The City Mayor sits as Chairman. However, aside from expounding on the city’s general directions, the Chairman, as a matter of policy, leaves much of the NCIB’s deliberations to the Vice Chairman who comes from the private sector. This ensures that the NCIB can function truly as a business advocate.
The FMT may invite official representatives from other government agencies and public utility companies as members. This mechanism facilitates business processing as problems encountered can be discussed by the people involved. It also optimizes the networks of the various members to the benefit of enterprises.
- Also see Services