Local economic enterprises in Puerto Princesa City develop business plans

On August 20, 2019, the Puerto Princesa City government developed four business plans for the city’s local economic enterprises, namely the City Coliseum Management, Baywalk Management, Transport Terminal, and Fish Port. This was a follow-through activity of the series of trainings on domestic resource mobilization for enterprise development organized by USAID’s Strengthening Urban Resilience for Growth with Equity (SURGE) Project. The business plans featured enterprise operations in terms of growth, revenue share and profitability. Prior to the business planning activity, Ms. Reginal Cantillo of the City Budget Office organized the Strategic Financial Management Plan formulation team to analyze the city’s historical financial performance. With an estimated revenue growth rate of 12 percent, the city has an internal revenue allotment dependency of 79 percent, expense efficiency at 82 percent, and an average expense rate of six percent. The business planning process enabled the team to understand the conditions and factors for revenue growth including the approval of revenue code, reforms in business permits, licensing system, strategies on tax collection, and promotion of public investments, joint ventures and partnerships for increased capital and revenue base. USAID/SURGE provides consistent support to the city government in strengthening their competencies on effective resource management utilization.