IT park to rise in Davao City
(Yeah, I posted this quite late. But I’m still posting it anyway.)
An information and technology park will rise in the city before the end of this year. Already, the city council today has passed a resolution endorsing the developer’s application with the Philippine Export Zone Authority (PEZA). Damosa Land Incorporated will develop “Damosa Information Technology Park”, an information and communication technology park zone in a 23-hectare area in along J.P. Laurel Avenue, Lanang, Davao City.
On Sept. 19, the City Council here endorsed DLI’s application for accreditation with the Philippine Export Zone Authority (PEZA). A PEZA accreditation, which requires a city council endorsement among other things, will grant the park’s possible investors with tax holidays and other incentives.
The part is expected to benefit the local information technology sector but also it will “spur economic growth in the city,” DLI’s Ed Villaber told the city council in a committee hearing last month. Pueblo de Oro, the first IT park in Mindanao was established in Cagayan de Oro City. (To be updated)