HB10216: ORIENTAL MINDORO SPECIAL ECONOMIC ZONE ACT
This bill proposes the creation of a special economic zone in the Municipality of Mansalay, Oriental Mindoro, with the core objective of accelerating the region's industrial, economic, and social development. By establishing the Oriental Mindoro Special Economic Zone Authority (ORMINSEZA), the bill seeks to attract foreign investments, which are crucial for generating employment, enhancing local productivity, and increasing the incomes of the residents.
The Oriental Mindoro Ecozone is designed to operate as a self-reliant and self-sustaining hub for various economic activities, including industrial, commercial, agro-industrial, and tourism sectors. This development promises to bring improved infrastructure, diversified livelihood opportunities, and a better quality of life for the people of Mansalay and surrounding areas, positioning Oriental Mindoro as a key player in national economic growth.