LOCATION
Investing in APECO holds unparalleled strategic significance. Positioned as the sole economic zone with direct access to the Pacific Ocean, it stands as the optimal gateway for commerce streaming into the northeastern quadrant of Luzon. APECO’s accessibility through the Pacific sets it apart from potential geopolitical tensions in the West Philippine Sea, a crucial factor given the competing interests of major global powers like the United States and China. Notably, its proximity to economic powerhouses like Australia, Japan, and Indonesia positions it favorably within the dynamic Indo-Pacific region.
APECO is strategically located with proximity to major tourist spots in Aurora and nearby regions. This location facilitates easy access for travelers looking to explore the province and its surrounding areas. Its coastal location provides opportunities for beach tourism, water sports, and marine activities, attracting tourists interested in coastal experiences.
Aurora Province is well-suited for renewable energy development due to its rich natural resources, favorable geographic conditions, supportive policies, and potential environmental and economic benefits. These factors combine to make it an attractive location for investing in and expanding renewable energy projects. Improvements in transportation infrastructure, such as roads and potential expansions of transportation services, make it easier for tourists and the investors to reach APECO.
INCLUSIVE GROWTH
The Aurora Pacific Economic Zone and Freeport Authority (APECO) proudly demonstrates its commitment to inclusive growth through a multifaceted approach that benefits all segments of society.
Economic Impact: APECO has significantly contributed to job creation, providing numerous employment opportunities that have directly benefited local residents and helped reduce unemployment rates. The growth of small and medium-sized enterprises (SMEs) within the economic zone highlights the expansion of local businesses and the broader economic opportunities available to the community.
Community Engagement: Our initiatives actively involve local communities in decision- making processes and project implementations. We prioritize providing skills training and educational programs to empower residents, ensuring they are well-equipped to take advantage of the economic opportunities created by APECO’s development.
Infrastructure Development: The development of essential infrastructure, including roads, schools, and healthcare facilities, has improved access and quality of life for residents. Public amenities such as parks and community spaces have been established, enriching the overall well-being of the local population. Social Impact: APECO’s investments extend to health and education, with significant improvements in these areas benefiting the community. Our equity programs support marginalized and disadvantaged groups, including women, youth, and indigenous peoples, ensuring that the benefits of growth are shared inclusively.
Sustainability and Environment: We are committed to environmental stewardship, incorporating sustainable practices and green technologies in our development projects. The creation of green spaces and conservation areas further supports the health and recreational needs of the community, aligning with our goal of promoting inclusive and sustainable growth.
Economic Diversification: APECO supports a diverse range of industries, including agriculture, tourism, manufacturing, and technology, fostering a resilient and varied local economy. Our efforts to support local enterprises through incentives and infrastructure contribute to economic diversification and stability.
Partnerships and Collaborations: We engage with government agencies, NGOs and other stakeholders to ensure that our development efforts are aligned with community needs. Our partnerships facilitate the delivery of community programs, health services, and educational initiatives, reinforcing our commitment to inclusive growth.
FISCAL INCENTIVES
(CREATE law, APECO charter)
The Aurora Pacific Economic Zone and Freeport Authority (APECO) offers a range of fiscal incentives designed to attract investment, stimulate economic growth, and support businesses operating within its jurisdiction. These incentives are typically aligned with national policies aimed at promoting economic development and creating a favorable business environment. The Fiscal Incentives provided by APECO include (1) Income Tax Holiday, Reduced Corporate Income Tax Rate (pursuant to CREATE Law), Tax and Dury-Free Importation, Exemption from Local Business Taxes, Value-Added Tax Exemptions, and other fiscal incentives. APECO may offer special incentives for investments in priority sectors or projects that contribute significantly to local development, such as infrastructure, technology, and renewable energy.
EARLY ADOPTER MODEL
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has adopted a strategic “early adopter model” to attract and nurture investments within its jurisdiction. This model is designed to create a favorable environment for pioneering businesses and investors who are willing to be among the first to establish operations in the economic zone.
As it stands, APECO aims to attract pioneering businesses that can help drive the zone’s development and demonstrate its potential to other investors. This model not only benefits the early adopters through various advantages but also contributes to the overall growth and success of the economic zone. APECO presents an untapped and spacious opportunity for investors, contrasting with potentially saturated zones elsewhere in the country. This offers a unique advantage for early entry and pioneering efforts. Early investors in APECO can benefit from a more flexible negotiation landscape, availing themselves of a wide range of incentives and privileges that might not be available to later investors. This flexibility can significantly impact the terms and benefits secured by investors, making it an appealing destination for forward-thinking investors.
APECO distinguishes itself from other ecozones by presenting an untapped opportunity. While all ecozones contribute to the Philippine economy within a unified legal and economic framework, APECO stands out as a promising prospect for investors eager to be pioneers in the region. The available space in APECO contrasts with the potential saturation points of other zones, offering a unique advantage for those seeking early entry.
In contrast to established ecozones, APECO provides investors with a more flexible negotiating landscape. Early investors can capitalize on a wide range of incentives and privileges, a rare opportunity as opposed to later investors who may face higher capital requirements. Choosing APECO not only ensures a reasonable investment amount but also grants the advantage of securing favorable terms and additional benefits through negotiation. This makes APECO an enticing destination for forward-thinking investors seeking a prime position in a region poised for significant economic growth.