In
a free enterprise capitalist society, the economy
is normally left in the hands of the private sector.
However, the government takes great interest because
the economy determines the level of income and
employment of an area. These two activities give
the picture of the level of general welfare the
residents may need from the government. Thus,
the public administration tries to create a climate
hospitable to private investments, since the projected
employment in business and industries can contribute
to make the local government deliver the needed
services from the revenue it generates in the
form of taxes and fees.
In economic studies, the economy is usually divided
into five (5) sub-sectors, namely: agriculture,
forestry, industry, commerce and tourism.
AGRICULTURE
The
government’s rural development program
comprises several elements: productivity
improvements, agrarian reform, rural industrialization
and sustainable development. Raising productivity
means getting more output from the same inputs – more
goods, for example, per unit of labor. Breakthroughs
and improvements in productivity are often
made possible by advances in technology,
such as better machines and fertilizers and
better methods of works.
INDUSTRY
The
government’s rural development program
comprises several elements: productivity
improvements, agrarian reform, rural industrialization
and sustainable development. Raising productivity
means getting more output from the same inputs – more
goods, for example, per unit of labor. Breakthroughs
and improvements in productivity are often
made possible by advances in technology,
such as better machines and fertilizers and
better methods of workMost
industries in the municipality are considered
light industries or small-scale industries.
About half of these are in the food processing
business such as processing of noodles and food
preserves. About nineteen percent (19%) of the
industries produced toys, house wares and gift
items like woodcrafts, ceramics and handicrafts.
Metallic products such as ironworks, jewelry
making, etc. consist about thirteen percent
(13%) while furniture making consist of ninety-seven
percent (97%). The other industries are footwear
and other leather products.
On the physical distribution of these industries,
more than sixty percent (60%) are located in
first four (4) barangays: Tabe, Poblacion, Sta.
Rita and Tuktukan. In the lower echelon, only
six percent (6%) of these industries are located
in barangays Tiaong, Panginay, Cut-cut and Pritil;
while Pulong Gubat and Daungan do not have any
industry.
Based on the projected population, the area
required for industrial expansion for light
industries for the first year of the planning
period is 50 hectares. While if it will be developed
for medium industrial zone, the area required
per standard used is 157 hectares. s.
COMMERCE
The
types of commercial areas, major types of business
or trade and other commercial support facilities
in a locality depend largely on its level of
development and presence of opportunities and
incentives given to the private sector.
The Municipality of Guiguinto is a developing
municipality. Presently, it does not have a
central business district (CBD) nor a minor
central business district. It does not have
a market yet. What it has are neighborhood centers
in most barangays. Most of the commercial establishments
are engaged in retail trade, i.e., garden centers
which consists sixteen percent (16%) of the
retail business. Other retail businesses are
school and office supplies, warehouses, construction
supplies and concrete products. In all, these
retail establishments with the gardens consist
sixty-eight percent (68%) of the commercial
establishments.
Services composed of business, recreational
and personal services which is 23.55 percent
of total commercial volume. These services include
video shops, restaurants, printing press, etc.
Real estate, insurance, banking and finance
comprise 5.16 percent, 0.32 percent and 2.90
percent of total, respectively. Annex A shows
the different types of commercial establishments.
About 48 percent of the establishments in Guiguinto
are concentrated in only the two (2) barangays
of Sta. Cruz and Sta. Rita, while three (3)
other barangays (Poblacion, Tabang and Tuktukan)
consist about 35 percent. The other eight (8)
barangays compose the remaining seventeen percent
(17%) while Daungan has virtually no commercial
establishment to speak of.
