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INVESTMENT POTENTIALS
Prospects are high for an accelerated economic growth of Butuan.
The
major potentials is in food processing. Supply of raw materials
for processing activities, especially banana, coconut, coffee,
fruits, root crops, and prawns, are projected to accelerate with
the increase in agri-fishery production in the whole of the region
and neighboring provinces.
Wood
will still be a major industry, but this would primarily involve
the utilization of plantation species.
Small
and medium industries will also find place in sub-contracting
activities with the expected spill-over from the manufacturing
plants in Cebu or Manila and neighboring Cagayan de Oro City.
Tourist
accomodations and recreational facilities will also pose great
demand with the newly created regional center, and the fad of
mall shopping will make commercial centers a profitable venture
in the City.
PROPECTIVE
AREAS FOR INVESTMENT:
RESOURCE-BASED
Banana chips, flour-processing, rootcrops flour processing, seafoods
processing (chilled, frozen, or canned), fruit and vegetable processing
(canned or dehydrated), handicrafts and novelty items making,
furniture village (wood / rattan / bamboo), builders woodworks,
yacht and boat-building, rice noodles manufacturing, coffee and
cacao processing, food mill, industrial estate.
CONSUMER-BASED
Bottling plant, garments/footwear shops, radio and TV assembly,
warehousing and storage, shopping malls.
FOOTLOOSE
/ CHEMICAL
Coco-chemical manufacturing, match / chopsticks / toothpick factory.
METALLIC
Steel service center, iron works (grills, fences and steel furniture),
bicycle assembly and tri-sikad making, farm implements manufacturing,
pre-fabricated and fabricated structural products of iron and
steel.
TOURIST
FACILITIES
First class hotels and convention centers, restaurants and disco
pubs, bowling center, golf area development, water sports facilities.
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