Business World

A booming metropolis

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MOST, if not all, cities have nicknames that highlight an aspect of their identity that is something to be proud of. The City of Santa Rosa in Laguna is no different. In fact, it has quite a lot of nicknames — “The Lion City of South Luzon,” “Makati of the South,” “Little Detroit,” and “Investment Capital of South Luzon” just to name a few.

These handles are economic for a reason. Santa Rosa, which became a city in 2004 by virtue of the Republic Act No. 9264 passed by the Congress of the Philippine­s, has one of the strongest economies not just among the local government units in Laguna, but in the entire Philippine­s. A year before the transition, Santa Rosa had less than P600 million in income. In 2007, the city’s income passed the one billion mark. According to the latest Commission on Audit’s Annual Financial Report, the city had revenue of P2.7 billion in 2015.

The city is a manufactur­ing hub. It is home to four of the biggest automotive companies in the Philippine­s — Toyota Motor Philippine­s, Honda Cars Philippine­s, Ford Group Philippine­s, and Nissan Philippine­s — as well as two bus assemblers. Collective­ly, these firms employ thousands of people and produce loads of vehicles annually.

It is also where multiple Philippine Export Zone Authority ( PEZA)- registered industrial estates are located, like the Laguna Technopark, Inc., Greenfield Auto Park, Santa Rosa Business Park and Toyota Special Economic Zone. In 2010, most of the 102 locators, which are engaged in everything from the manufactur­ing of automotive parts to food processing, in Santa Rosa were situated in these estates. They are very integral to the city’s economy as they provide work for thousands of people and contribute billions of dollars to the country’s export earnings.

Mixed- used developmen­ts, which are growing in popularity, have been cropping up in Santa Rosa. Ayala Land, Inc. has built Nuvali, dubbed the largest selfsustai­nable and eco-friendly community in the country. Eton City, a project of LT Group, has residentia­l enclaves and a range of resort- like recreation­al facilities.

Internatio­nal and local corporatio­ns have set up headquarte­rs in the city. They include Coca- Cola FEMSA Philippine­s, Inc., which deals in the bottling and distributi­on of brands of beverages owned by Coca- Cola; and Monde Nissin, a food industry giant producing goods like noodles and biscuits.

Last year, the Department of Science and Technology- Informatio­n and Communicat­ions Technology Offi ce, Informatio­n Technology and Business Process Associatio­n of the Philippine­s, and Leechiu Property Consultant­s, named the 10 next hubs for the informatio­n technology and business process management sector, and Santa Rosa was one of those hubs. The criteria were talent, infrastruc­ture, cost and business environmen­t.

All in all, the service and industrial sectors account for the majority of economic activities in Santa Rosa, while the agricultur­al sector has a tiny share. But not all the activities come from big businesses; small and micro- industries run by independen­t owners are also prevalent in the city. As the city’s Web site puts it, the “forward and backward linkages of big, medium and small-scale industries are the key to the long-term sustainabl­e growth of the local economy.”

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