Industries

Entrepreneurship, Business and Industry Promotion

            The effectiveness of Enterprise, Business and Industry Promotion Council has registered a high performance in 2005 and decreased to medium in 2006 refer Table 7.2 – Entrepreneurship, Business and Industry Promotion Development State of Performance. This is attributed to the presence of SMED Council, SMED Plans, and conducted tehcnical assistance to SMESs I coordination with line agencies however, sometimes meeting are not minuted.

          While, the presence of basic infrastructure and utilities in areas zoned for business and industry, had registeredd a high performance in 2005 and remained constant in 2006.

         On the other hand, the Province had an exisiting Provincial Investment Incentive Ordinance or the SP Ordinance No. 97-03. A PIIO booklet was printed and distributed for investment campaign. However, the office was not fully operationalized due to lack of funds. Jobs created are taken from DTI-ARMM Provincial Office Business Name Registration (BNR) since no updated data has been recorded by the DOLE.

 Table 7.2 – Entrepreneurship, Business and Industry Promotion
Development State of Performance

1. Financial Services

There are seven (7) banks and financial institutions servicing the province. Five of which can be found in Isabela City these are; the LBP, DBP, Allied Bank, Metro Bank and PNB. The remaining two institutions are located in Lamitan City namely; the UCPB-Rural Bank of Lamitan and the LARBECO Savings Bank, refer Table 7.2.1.

 Table 7.2.1 – Banks and Financial Institutions, by Classifications

                                Source: Bankers, 2006