COURTESY: CAGAYAN DE ORO CITY (PIA)
The dynamic landscape of Cagayan de Oro City is poised for transformative change as the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) unveils its comprehensive strategic strategy for 2025. Centered around the INVEST directives, this strategy aims to position Cagayan de Oro as a hub of sustainable growth and prosperity. By fostering innovation, collaboration, and economic development, the Oro Chamber is set to redefine the business environment in the region.
Innovation and Business Landscape Transformation
The cornerstone of the Oro Chamber's 2025 strategy is innovation. Under the INVEST directives, the "I" stands for Invest for innovation and improving the business landscape. Engr. Almarco C. Brito, Oro Chamber’s President for 2025, asserts that prioritizing initiatives fostering innovation will create a more conducive business environment. By leveraging technology and fresh ideas, the chamber aims to enhance productivity and competitiveness. This commitment to innovation is not just about adopting new technologies; it's about creating an ecosystem where businesses can thrive through continuous improvement and adaptation.
Transitioning to a more innovative business landscape requires collaboration between various stakeholders. The Oro Chamber recognizes the importance of building Networks with industry leaders and partners, as denoted by "N" in the INVEST directives. By fostering relationships with key players in the industry, the Oro Chamber is creating a robust support system for businesses in Cagayan de Oro. These networks are vital for sharing knowledge, resources, and best practices, ensuring that local businesses remain competitive on a national and global scale.
Valuing Member Services and Economic Competitiveness
Valuing member services and engagement is at the heart of the Oro Chamber's mission, represented by "V" in the INVEST framework. The chamber is dedicated to understanding the needs of its members and providing tailored services that enhance their business operations. By actively engaging with its members, the Oro Chamber ensures that their voices are heard, and their concerns are addressed. This member-centric approach fosters a sense of community and loyalty, strengthening the chamber's influence and reach.
Economic competitiveness is another critical component of the chamber's strategy, highlighted by "E" for Enhancing economic competitiveness through capacity development. The Oro Chamber is committed to equipping local businesses with the skills and knowledge needed to excel in today's rapidly evolving marketplace. Through capacity development programs, the chamber provides training, workshops, and seminars that focus on critical business areas such as leadership, technology, and strategic planning. By investing in human capital, the Oro Chamber is laying the foundation for a more resilient and competitive business community.
Strengthening Infrastructure and Sustainable Investments
Strengthening manufacturing and infrastructure development is a pivotal aspect of the Oro Chamber's 2025 strategy, represented by "S" in the INVEST directives. The chamber aims to attract sustainable investments of at least P35 billion into the manufacturing and infrastructure sectors. These investments are not only crucial for bolstering the economy but also for creating jobs and opportunities for the local community. By focusing on sustainable development, the Oro Chamber is ensuring that growth is both inclusive and environmentally responsible.
Collaboration with government, industry, and academia is essential for transforming the local economy, as denoted by "T" in the INVEST framework. The Oro Chamber emphasizes co-creation, where these stakeholders work together to develop innovative solutions for economic challenges. This collaborative approach ensures that the region's development is holistic and aligned with national and international goals. By fostering partnerships and encouraging dialogue, the Oro Chamber is paving the way for a more integrated and sustainable economic future.
Legislative Advocacy and Strategic Partnerships
In 2024, the Oro Chamber played a pivotal role in influencing key legislative initiatives in Cagayan de Oro City. Through active participation in consultations, focus group discussions (FGDs), and meetings, the chamber achieved significant policy changes such as tax incentives for small businesses and streamlined processes for permits and licenses. The passage of critical legislative measures, including the Comprehensive Land Use Plan and Zoning Ordinance, demonstrates the chamber's effectiveness in advocating for the business community.
Strategic partnerships have been central to the Oro Chamber's success. Collaborations with organizations such as the Regional Halal Committee and the Department of Trade and Industry (DTI)-10 have led to the establishment of the Northern Mindanao Halal Supply Chain. The potential launch of the OROBEST Halal Hub further strengthens the region's position in the growing halal industry. Additionally, partnerships with the Department of Science and Technology (DOST)-10 and the National Economic and Development Authority (NEDA)-X have been instrumental in fostering innovation and aligning local economic strategies with national goals.
Looking ahead, the INVEST directives will continue to guide the Oro Chamber's efforts in 2025. By focusing on innovation, attracting investment, and supporting its members through legislative advocacy, strategic partnerships, and capacity development initiatives, the chamber is set to usher in a new era of prosperity for Cagayan de Oro City. As the chamber continues to champion the interests of the business community, it remains steadfast in its commitment to creating a thriving and sustainable economic landscape for the region.
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