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LGU-Isulan-Shopping

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LGU-Isulan-Shopping PROJECT PROFILE I. Title of Project SHOPPING MALLS & SUPERMARKETS DEVELOPMENT II. Applicant/Contact Person Hon. DIOSDADO PALLASIGUE Municipal Mayor Isulan, Sultan Kudarat MR. LINORÉ P. TAYPIN Local Economic & Investment Promotion Officer Office of the Municipal Mayor Isulan, Sultan Kudarat Tel. No. (064) 201-3466; Fax: (064) 201-3526 Mobile No. (0927) 5960589 E-mail: [email protected], [email protected] III. Type of Investors /_ / Institutional (i.e. banks, insurance, pension fund) /_ / Public-Private Partnership /√/ Individual Investors (i.e., angel investors, venture capitalists) IV. Executive Summary The Municipality of Isulan is the catch basin of economic development in the province of Sultan Kudarat. It is the center of commerce with a captured market from other municipalities of the province including the provinces of South Cotabato and Maguindanao. In the newly legislated Comprehensive Land Use Plan, there is a need for more viable business areas, and a more business-friendly and streamlined processing of permits and licenses to make the municipality more favorable to the investing party. The absence of Shopping Malls & Supermarkets in the Municipality of Isulan have forced potential clients to go to shopping malls of neighboring LGUs even with all the inconveniences attendant to it. Investing in Shopping Malls & Super Markets in this municipality will assure a ROI and huge economic payback. The potential market demand for shopping malls is big, based on the growing population in Isulan, which was pegged at 86,602 residents as of 2010. The municipality being strategically located at the center or at the crossroads of neighboring municipalities in the western part of Sultan Kudarat and the nearby province of Maguindanao, the market demand is invariably much higher. The municipalities of Bagumbayan (63,700), Esperanza (63,207), Sen. Ninoy Aquino (43,508), Norala (44,635), Sto. Niño (Tantangan (40,461), and the city of Tacurong (101,081), when added to Isulan’s growing population, reached 443,194 as of 2010. At the current year (2013), it would be safe to assume that the combined population would be nearing half a million – a quite big enough consumer base that will make the establishment of shopping malls and supermarkets in Isulan an attractive investment. The southern part of Maguindanao, composed of the municipalities of Datu Sangki, Ampatuan, Maganoy, etc., can also be a captured market for the said project. V. Project Description Development steps to be implemented to operationalize the process Needs Technical Assessment, Feasibility Study & SB legislation in support of the project Timeline 2014-2015 Stakeholders Municipality of Isulan and other nearby municipalities in the provinces of Sultan Kudarat, South Cotabato and Maguindanao. VI. Market Aspect Target market √ Domestic Foreign VII. Technical Aspect Process flowchart/description i. Project Assessment; ii. LGU’s support through SB legislation Sources, availability and cost of raw materials Needs technical assistance List of machinery and equipment Needs technical assistance Issues which need to be resolved (i.e. land ownership) Negotiation of real property price VIII. Financial Aspect Financial aspect will be based on the Project Feasibility study of the investing party. IX. Project Cost/Budget Project Cost/Budget will be based on the Project Feasibility study of the investing party. X. Project Output Establishment of Shopping Malls and Super Markets, as well as the development of a Commercial Area for the municipality of Isulan where local residents and those from the neighboring provinces can go to. XI. Project Outcome Assured ROI, feasible income, long range investment. .
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