Clark Development Corp. (CDC) is repositioning Clark City in Pampanga as both an industrial park and a tourist destination, capitalizing on its improved accessibility from various Asian cities and nearby provinces in Luzon.
During a recent media forum, CDC president and CEO Agnes VST Devanadera highlighted the city’s strategic location and excellent connectivity. Clark boasts a workforce of 127,590 available for employment by 1,137 locators, demonstrating its potential as an expanded business hub.
Devanadera underscored Clark’s status as a premier tourist destination, particularly for Meetings, Incentives, Conferences, and Exhibitions (MICE) events.
The Department of Tourism has selected Clark as the MICE destination for 2024, further enhancing its reputation as a global gathering place. With world-class amenities, hotels, dining establishments, and medical facilities, Clark is poised to welcome more tourists.
Devanadera outlined the fiscal and non-fiscal incentives offered to businesses, including income tax holidays, favorable tax rates, deductions, VAT exemptions, and import duty exemptions.
She also mentioned the free flow of goods, special visas for foreign nationals, up to 100 percent foreign ownership, availability of skilled manpower, and a conducive business environment.
To facilitate investment, CDC is set to open a one-stop shop to streamline processes for building permits and business licenses.
Additionally, Clark City maintains a low crime rate, thanks to CDC’s supervision of its own police and security personnel.
Devanadera acknowledged CDC’s efforts to combat illegal activities, such as human trafficking and online scams, including those related to Philippine Offshore Gaming Operators (POGOs), ensuring a safe and secure environment for investors and visitors alike.