With the enactment of Provincial Ordinance 2021-019 otherwise known as the Bohol Economic Development and Investment Code in the New Normal, it is hereby declared as a general policy of the Provincial Government of Bohol to encourage a holistic local economic development (LED) to build up the economic capacity of the Province and its component city and municipalities to improve its economic future and the quality of life for all. It shall adhere to LED principles and approaches to promote and encourage domestic and foreign investments that shall generate employment, create local wealth, build quality of place, promote sustainable development, and support the poverty reduction program in the Province of Bohol.

Along this line, the following are the investment policies of the province:

• To attract and encourage investments in priority areas as determined by the Code and other relevant development priorities of the Provincial Government, that shall significantly contribute to the socio-economic development of the province and enhance local competitiveness and quality of life for all;

• To promote Bohol as a competitive and sustainable investment destination in the Asia Pacific region and other global markets;

• To encourage investment projects that utilize local manpower and local capacities with greater inclusivity and in compliance with labor laws, promote local culture and values, and contribute to community resilience;

• To ensure the optimal utilization of local resources and the implementation of PPP projects within the context of sustainable environment and resources management enunciated in the Bohol Environment Code, National Building Code, NIPAS Act, and in the Provincial Development and Physical Framework Plan;

• To push for the development and growth of local micro, small and medium-scale enterprises, encourage livelihood activities, and initiate corporate social responsibility programs, that foster self-sufficiency; and

• To pursue active community and multi-sectoral engagement as partners and catalysts to assure that the benefits of development accrue to the people of Bohol.