Outgoing Mayor Benitez Highlights Bacolod City's Economic Growth

BACOLOD CITY – In a farewell address, outgoing Mayor Alfredo Abelardo Benitez emphasized the significant economic progress Bacolod City has achieved during his three-year term, characterizing it as a highly urbanized area that is 'competitive, rising, and ready to lead.' Benitez made these remarks during a press conference held on January 4, 2024, as he prepares to hand over leadership to his successor.

The mayor cited various infrastructure projects and local initiatives that have contributed to the city’s economic revitalization. According to a statement released by the Bacolod City Government, the establishment of new business districts and the enhancement of public services have attracted both local and foreign investments. Benitez remarked, 'We have witnessed a transformation that positions Bacolod as a key player in the region’s economy.'

The city's economic growth is underscored by data from the Philippine Statistics Authority, which reported a 6.5% increase in Bacolod's GDP from 2021 to 2023, surpassing the national average of 5.6%. This substantial growth has been fueled by sectors such as tourism, manufacturing, and real estate development, as detailed in the 2023 report by the National Economic and Development Authority (NEDA).

Dr. Maria Elena Santos, an economist at the University of the Philippines, remarked, 'Bacolod's strategic initiatives in improving infrastructure and public services have indeed set a solid foundation for sustainable growth. The city's ability to attract investments is indicative of its emerging market potential.'

Moreover, the local government has launched several programs aimed at enhancing the quality of life for residents, including improved health care services and educational enhancements. These initiatives align with the United Nations Sustainable Development Goals, as highlighted by the UN Development Programme's recent assessment of urban development in Southeast Asia.

Critics, however, have raised concerns regarding the sustainability of this rapid growth. Local business leader and entrepreneur, Ricardo De Leon, voiced his apprehension: 'While we celebrate our achievements, we must also be cautious about the environmental impact and the potential for overdevelopment. We need a balanced approach to ensure long-term sustainability.'

As Mayor Benitez concludes his term, he expressed optimism for the future of Bacolod City. He stated, 'I am confident that our successor will continue to build on the foundations we have laid down and will keep the momentum of growth going.' The incoming mayor will face the challenge of maintaining the city’s growth trajectory while addressing the concerns raised by various stakeholders.

In summary, Bacolod City stands at a pivotal moment, having transitioned into a competitive urban center. The broader implications of this growth not only affect local residents but also position Bacolod as a significant player in the regional economy. As the city prepares for its next chapter, the focus will remain on balancing growth with sustainability, ensuring that Bacolod can lead with both economic and environmental responsibility in mind.