CDC hails investment growth in Clark

Clark Freeport—Being the preferred area for business and career growth, the number of investments and workers in this Freeport continue to grow as Clark Development Corp. cited 54 new locators recorded with an additional workforce of 5,295 in the first seven months of this year.

During the recent Metro Clark Advisory Council meeting, CDC vice president for Business Enhancement and Business Development Group Evangeline Tejada noted the said increase as Clark now has a total of 1,092 locators, compared with 1,038 companies at the end of 2018.

As the amount of investments here grew, Tejada said more job opportunities were also made available. From 122,973 employees last year, the workers in this Freeport also grew to 128,268 as of the first semester of 2019.

Aside from jobs and investment generation, the MCAC, chaired by CDC president-CEO Noel Manankil and co-chaired by Mabalacat City Mayor Crisostomo Garbo, also tackled various infrastructure and other community projects.

Present during the recent MCAC meeting are Angeles City Mayor Carmelo Lazatin, Jr.; Capas, Tarlac Mayor Reynaldo Catacutan; Bamban, Tarlac Mayor Jose Antonio Feliciano and Porac Mayor Jaime Capil.

Meanwhile, the industrial firms here employ the biggest number of workers with 46,809 or 36.49 percent of the total number of workers while the Information Communication Technology industry is second largest with 22,827 employees or 17.80 percent followed by Estate Developers with 21,806, Service industry with 16,317, and Tourism with 10,241 employees.

Other employment contributors here are Commercial, Institutional, Aviation-related, Logistics, Utility and Agro-Industrial industries. A significant increase in employment generation is also expected in the coming years once the New Clark City becomes fully operational.

Topics: Clark Development Corp. , Metro Clark Advisory Council , Evangeline Tejada
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