What are the advantages of setting up a business in Bataan?
- Competitive Labor and Real Estate Cost
- Strategic Location for Transportation and Logistics
- On-the-Ground Management Team
- Abundant space for growth
Bataan has emerged as an ideal destination for companies looking to start or expand their operations, thanks to the presence of PEZA-registered industrial parks like the Hermosa Ecozone Industrial Park (HEIP) and others. These industrial parks offer a range of ready-built infrastructures, including factories, warehouses, and office spaces, enabling locators to start their operations as early as possible without the need to construct their own facilities.
By setting up their manufacturing plants inside these industrial parks, companies can take advantage of the region’s strategic location, excellent infrastructure, and investor-friendly policies to achieve greater operational efficiency and cost savings.
In this article, we will explore the advantages of setting up a business in Bataan and how it can benefit businesses looking to expand their operations.
Competitive Labor and Real Estate Cost
Bataan’s strategic location and growing workforce make it an ideal destination for companies looking for a competitive edge. The province is home to several well-regarded universities, such as the Bataan Peninsula State University and the Asia Pacific College of Advanced Studies, providing a large pool of skilled and trainable workers in business administration, information technology, and engineering.
Moreover, Bataan has the largest number of Technical Education and Skills Development Authority-accredited schools and training institutions in the country. They produce more than 20,000 skilled workers annually to meet the growing demand for a highly competitive workforce.
Despite the increasing expertise in the region, the cost of living in Bataan remains relatively low compared to other major cities in the country. This allows businesses to offer competitive wages to their employees while keeping operational costs low without compromising the quality of work.
In addition, Bataan’s emergence as a business hub means there are still plenty of available spaces, resulting in lower real estate costs compared to other urban centers. This makes it a cost-effective location for companies seeking affordable and spacious office and factory spaces.
Strategic Location
Bataan’s strategic location provides several advantages for businesses seeking to operate in the area. Situated away from the national capital and characterized by lower population density, there is less traffic and bottlenecks on the roads, resulting in improved productivity and reduced operational costs. In addition, the scenic landscapes create a unique opportunity for businesses seeking a professional yet relaxed work environment.
The province’s proximity to import and export ports also provides businesses with a significant advantage in terms of logistics and transportation. The Freeport Area of Bataan (FAB), home to Hermosa Ecozone Industrial Park, is one of the fastest-growing freeport and commercial centers of the Philippines. In fact, it recorded the highest amount of investments at P45.64 million in 2014.
For those looking to do business near Metro Manila, FAB is only a 2.5-hour drive away, making meetings with clients and business partners still feasible. The area also benefits from a highly skilled and trainable workforce thanks to the presence of several business administration, information technology, and engineering universities in the region. This, combined with the lower cost of living and abundant vacant spaces, make Bataan a highly attractive location for businesses seeking affordable yet quality office and factory spaces.
On-the-Ground Management Team
One of the key advantages of HEIP is its on-the-ground management team, which is dedicated to providing locators with comprehensive administrative support. The team is available around the clock to assist with any concerns or needs that may arise.
The management team handles a variety of tasks, including the provision of essential utilities such as water and electricity, the establishment of reliable internet connectivity, and IT support services. In addition, they are responsible for addressing other operational needs that may arise.
The park benefits from a stable and independent electric grid and a robust wastewater management system, both of which are managed by the on-the-ground management team. These features help ensure seamless and uninterrupted productivity for locators within the park, making HEIP an ideal location for businesses seeking a reliable and well-managed industrial park.
Designed for Sustainability
Bataan shares the same views with the rest of the emerging economic zones when it comes to the importance of sustainably operating their growing industries to preserve their natural environment. They adhere to the Bataan Sustainable Development Strategy implemented by the Bataan Integrated Coastal Management Program to serve as a framework to help both the public and private sectors in reaching their environmental, economic, and social goals.
This strategy is an optimistic statement of the people of Bataan to preserve the province’s natural resources while still providing its citizens with a source of livelihood, transportation, history, and recreation.
Local PEZA-accredited zones in Bataan support sustainability through the development of eco-friendly and energy-efficient buildings and the implementation of effective wastewater management programs.
Abundant Space for Growth
Bataan has indeed evolved and now practices sustainability, ensuring that citizens and the workforce can work, travel and live easily and comfortably around the metro.
The Bataan Sustainable Development Strategy implemented by the Bataan Integrated Coastal Management Program serves as the framework that helps both the public and private sector reach their environmental, economic, and social goals.
This strategy is an optimistic statement of the people of Bataan to preserve the province’s natural resources while still providing its citizens with a source of livelihood, transportation, history, and recreation.
Key Takeaway
Making decisions about where to locate your business can be daunting, especially when considering factors such as cost, location, and support. However, the advantages of setting up a business in Bataan, specifically at Hermosa Ecozone Industrial Park, are numerous and can greatly benefit your business.
From a strategic location with favorable traffic conditions to cost-effective real estate and a dedicated on-the-ground management team, HEIP provides an ideal environment for businesses seeking growth and success. Don’t hesitate to choose HEIP as the ideal destination for your business venture or expansion.
Looking for sustainable industrial parks in the Philippines? You may contact Science Park of The Philippines (SPPI) today. We have established numerous industrial parks like the Light Industry & Science Park IV in Malvar, Batangas, and the Hermosa Ecozone Industrial Park in Bataan, with the best resources and amenities you need for your plant, factory, or office building.
