SM Prime’s Santa Rosa IT hub gets ecozone status

SM is the latest group to operate an economic zone in Santa Rosa, Laguna, cementing the enclave’s position as a strategic information technology (IT) hub outside the National Capital Region.

SM Prime Holdings Inc. signed a registration agreement with Philippine Economic Zone Authority (Peza) declaring SM City Santa Rosa IT Center as a new IT economic zone, with a projected investment of P714 million.

The 12,092 square meter property is expected to generate around 1,000 new jobs for Filipinos, Peza said in a statement on Thursday.

“Beyond its scale, this landmark development cements Santa Rosa, Laguna’s reputation as a strategic Information Technology and Business Process Management (IT-BPM) location outside Metro Manila, fueling countryside development and inclusive economic growth,” the agency added.

Peza Director General Tereso Panga said this development, made by President Marcos through Proclamation No. 944, paves the way for more investments and quality jobs in the Calabarzon region.

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“With world-class infrastructure, a deep pool of highly skilled talent and competitive incentives, the Philippines has consistently proven to be the partner of choice for global investors in the IT-BPM industry,” Panga said.

The proclamation grants fiscal and non-fiscal incentives. These include income tax holidays, tax and duty exemptions, streamlined import-export procedures and access to special non-immigrant visas.