SM City Santa Rosa IT Center now a PEZA ecozone

The Rise of Santa Rosa as a Preferred Location for IT-BPM A Deep Dive into SM City's PEZA Accreditation

As the digital landscape continues to evolve, the Philippines has emerged as a prime destination for Information Technology (IT) and Business Process Management (BPM). In this blog post, we will examine the recent accreditation of SM City Santa Rosa IT Center as an IT Economic Zone (Ecozone) by the Philippine Economic Zone Authority (PEZA), highlighting its implications for the industry and the region.

The Significance of PEZA Accreditation

PEZA's Ecozone designation offers a range of fiscal and non-fiscal incentives, including income tax holidays, duty exemptions, streamlined import-export procedures, and access to Special Non-Immigrant Visas (SNIVs). These benefits attract foreign investors, talent, and businesses, driving growth and development in the region.

[Infographic PEZA Incentives]

Understanding the Trends

To understand the significance of SM City Santa Rosa's PEZA accreditation, let's analyze the trends driving the IT-BPM sector

1. The Rise of Offshoring As global companies shift their focus to digital transformation, offshoring becomes an attractive strategy for reducing costs and increasing efficiency.
2. Growing Demand for Talent The Philippines' IT-BPM industry is driven by a highly skilled workforce, with a projected shortage of 20,000 professionals in the next two years.
3. Regionalization As Metro Manila faces traffic congestion and rising costs, companies are seeking alternative locations to set up shop.

The Santa Rosa Advantage

SM City Santa Rosa's IT Center offers an attractive package for businesses

1. Strategic Location Proximity to talent pools, infrastructure, and lifestyle amenities.
2. Modern Infrastructure State-of-the-art facilities and services catering to the needs of IT-BPM companies.
3. Access to SNIVs A key incentive for attracting foreign investors, talent, and businesses.

[Map Santa Rosa's Strategic Location]

Insights and Predictions

The PEZA accreditation of SM City Santa Rosa's IT Center marks a significant milestone in the region's growth as a preferred location for the IT-BPM sector. As the industry continues to evolve, we can expect

1. Increased Investment More foreign investment flowing into the region, driven by PEZA's incentives and SM City Santa Rosa's strategic location.
2. Job Creation A surge in job opportunities, fueling economic growth and development in the region.
3. Regionalization The trend of companies seeking alternative locations outside Metro Manila will continue, with Santa Rosa poised to benefit from this shift.

Conclusion

The PEZA accreditation of SM City Santa Rosa's IT Center is a testament to the region's potential as a preferred location for the IT-BPM sector. As the industry continues to evolve, it's essential to stay abreast of trends and developments. By examining the implications of this accreditation, we can better understand the opportunities and challenges facing the region.

References

1. Philippine Economic Zone Authority (PEZA). (2022). IT Ecozone Accreditation.
2. SM Prime Holdings. (2022). SM City Santa Rosa IT Center.
3. BusinessWorld. (2022). PEZA reports 100% increase in investment approvals.

Keywords IT-BPM, PEZA, SM City Santa Rosa, Economic Zone, Investment, Job Creation, Regionalization

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.