MAKATI City Mayor Abby Binay on Thursday convened the Makati Business Development Council (MBDC) to assist the city government in charting its “long-term” economic development strategy.
This is the first time the MBDC has convened since the pandemic, and Mayor Abby expressed confidence that the MBDC will help develop high-impact innovations and initiatives that will spur business growth, raise the city’s competitiveness, and secure Makati’s stature as a premier investment destination.
“As we reconvene, we are tasked with facing the challenges of recovery and renewal in the coming years. The MBDC will be playing a critical role in providing advice and guidance on programs and initiatives that will help businesses in Makati to restart, rebuild, and grow,” said Mayor Abby, who is also the chairperson of the MBDC.
The MBDC was created in January 2003 under the administration of former Vice President and Makati Mayor Jejomar Binay to gather representatives from the business sector and discuss business-related matters.
The MBDC has been providing the city leadership with inputs on investments and business-related concerns, developing sustainable plans, and promoting inclusive growth.
Under Mayor Abby’s watch, Makati has forged strategic partnerships with industry leaders through public-private partnerships (PPP) to promote better connectivity, mobility, resilience, and sustainability in the city.
Among the city’s successful PPP projects are the Makatizen Card, the first multipurpose ID in the country that can be used to send or receive money, and the Makatizen App, the first digital citizen app that allows users to report crimes, emergencies, and community concerns.
Also in the PPP pipeline are two infrastructure projects – the Makati Life Medical Center in District 1 and the Makati Subway.