Declaration of Investment Policy
It is hereby declared as a policy of the Municipal Government to promote and encourage domestic and foreign investment in the Municipality of Lugait, Misamis Oriental. Along this line, the following are the investment policies of the municipality:

a) To encourage investment projects that would utilize local labor, substantial amount of indigenous raw materials, and other natural resources of the municipality;

b) To promote the optimal utilization of natural resources available within the context of sustainable environment and natural resources management enunciated in Municipality Ordinance No. 98-01, Series of 1998, otherwise known in the Municipality;

c) To promote the marketing of Lugait products in order to maximize production, attain self-sufficiency and optimal productivity;
d) To attract and encourage investments in priority areas such as agri-business, light manufacturing, eco-tourism, and other economic activities that will significantly contribute to the socio-economic development of the municipality;

e) To promote Lugait as a favorable investment destination with adequate power, adequate water resources, free of urban congestion and pollution and easily accessible to Asia Pacific region and other global markets;

f) To encourage investments in business activities that will provide livelihood and employment to improve the quality of life and assure that the benefits of development accrue to the people of Lugait;

g) To promote the active participation of non-government organizations and the private sector as partners and catalyst in achieving the development goals of the municipality.

Scope And Coverage.
This Code shall apply to all persons, entities or enterprises, belonging to small, medium and large scale categories in preferred areas of investments in agribusiness, light manufacturing, eco-tourism and services and other areas of investments as maybe determined from time to time by Board.

>>more