MORE than the spillover of tourists from Baguio City, La Trinidad is also benefitting in the increase of entrepreneurs.
La Trinidad Mayor Romeo Salda, during the Micro, Small, Medium and Enterprises (MSMEs) week said the valley is also seeing in the increase of business ventures in Benguet's capital town.
"Baguio City is near that we are experiencing spill over, that is why we are also encouraged in opening up our Go Negosyo center," Salda said.
Salda added with the previous years of training of packaging, emphasis must be made on the labeling of the municipality.
"Due to your product labeling, it would help us market the municipality through your products. You're helping us market not only the municipality but also the province," Salda added.
Department of Trade and Industry (DTI) Benguet Negosyo Center and Business Development Office Lino Cungihan said La Trinidad's entrepreneurs are active inn availing shared service facilities (SSF) for the micro, small and medium businesses in the municipality.
"There will be a bigger budget for SSF next year for all the businessmen in the municipality if they need more from our office," Cungihan stated.
Lawrence Balud, municipal business licensing officer, added entrepreneurs contribute 56 percent to the local economy in terms of business taxes and fees.
Out of the 489 first and second class municipalities in the country, La Trinidad ranked 32 from the Cities/Municipalities Competitiveness Index (CMCI) which measure the local government units' competitiveness.
Four categories were manifested in measuring the competitiveness of a municipality from its economic dynamism, government efficiency, infrastructure and resiliency.
Government efficiency manifests the business licensing, processing and resiliency in terms of disaster.
Data presented reveals La Trinidad in 2017 reached top 20 in economic dynamism, 189 in government efficiency, 44 in infrastructure and 81 in resiliency.
In 2013, La Trinidad was ranked 14th among first and second class municipality in the Philippines. In the succeeding year, the valley ranked 46th out of the 399 LGUs.
Out of 462 LGU's, the valley climbed to 26th in 2015 and in 2016, La Trinidad was able to claim barged into the 20 out of 490 LGUs.
La Trinidad have an average annual income of P55M during the previous four years.
The CMCI is an annual ranking developed by the National Competitiveness Council with the assistance of the United States Agency for International Development which serve as a diagnostic tool by the local government officials to assess the competitiveness of their city or municipalities and identify areas for improvement.
Last month, Cordillera Administration Region in 2017 reported with fastest growing economy in the country with 12.1 percent. The region reported to a have all major sectors posted growth with industry registering the highest with 18.6 percent compared to 0.3 percent record.
