Quezon City was recognized as the 2016 Most Business Friendly Local Government Unit (Level 1 - highly urbanized city) by the Philippine Chamber of Commerce and Industry (PCCI).
The award was presented by President Rodrigo Roa Duterte during the 42nd Philippine Business Conference of PCCI at Marriott Grand Ballroom, October 13, 2016. President Duterte was the keynote speaker during the occasion.
As part of the award, PCCI will fund the construction of a new school building in the city.
The LGU Awards is the annual search of PCCI for the outstanding LGUs that have demonstrated outstanding efforts in supporting good governance reforms to promote trade, investment, transparency and efficiency in delivering business services to fuel up inclusive growth in the locality. Likewise, it aims to complement the efforts of the government to institutionalize standards in delivering quality services to the people, as mandated by Republic Act 9485 or the Anti-Red Tape Act of 2007.
To qualify, nominees must pass qualifying indicators in the areas of investment promotions, compliance to the Anti-Red Tape Act, and fiscal transparency.
The LGUs must have established an investment promotion and generation strategy to advance equitable local economic development. It is deemed important that the LGUs invest in putting up mechanisms that will provide guidance to stakeholders including investors and the citizenry.
The Anti-Red Tape Act (ARTA) has provided a framework in which transparency and accountability in government offices including LGUs could be practiced and instituted. In this award, a significant weight was given to ARTA compliance and initiatives of the LGU particularly in the area of business processing and licensing system.
LGUs must be compliant with its financial obligations and transparent in its transactions. It is highly commendable for an LGU to have sound financial policy and adhere to prudent financial spending.
The Award is supported by the Department of Interior and Local Government (DILG) through a circular memorandum encouraging all LGUs to participate in the award and all provincial offices of to support the participation of LGUs in their respective areas. DILG also exempts finalists of the award from the business-friendliness criteria of the Seal of Good Local Governance Awards.