SM City Santa Rosa IT Center is expected to boost Laguna’s standing as a preferred location for the IT-BPM sector, contributing to the expansion of investments outside Metro Manila, following its proclamation as an information technology economic zone.
SM Offices, a unit of integrated property developer SM Prime Holdings, has signed a registration agreement confirming the Presidential Proclamation of SM City Santa Rosa IT Center as an IT economic zone.
Proclamation 944, signed by President Marcos, officially designates a portion of SM City Santa Rosa as a special IT ecozone under PEZA.
SM Prime said the establishment of SM City Santa Rosa IT Center as an ecozone reinforces the shared goal of the company and PEZA to attract investments, generate employment and drive regional development across the country.
Accreditation as an IT ecozone under PEZA provides fiscal and non-fiscal incentives, including income tax holidays, tax and duty exemptions, streamlined import-export procedures and access to special non-immigrant visas.
The designation likewise ensures modern infrastructure and efficient government services, creating a strategic edge for registered IT enterprises in the country.
‘This partnership with PEZA underscores our dedication to providing world-class spaces for the IT-BPM industry. Santa Rosa is strategically located with access to talent, infrastructure and lifestyle amenities that will support long-term growth for companies and employees alike,’ SM Offices head Alexis Ortiga said.
PEZA director general Tereso Panga, for his part, said the proclamation of SM City Santa Rosa as an IT center opens new doors for job creation and investment opportunities in the countryside.
‘PEZA stands ready to handhold locators seeking to set up operations in the Philippines as we advance our country’s role as one of the leading global IT-BPM hubs in Asia,’ Panga said.
SM Offices supports the IT-BPM industry through PEZA-accredited developments such as its E-Com Centers at the Mall of Asia Complex and SM North EDSA Towers in Quezon City.
SM Prime said the addition of SM City Santa Rosa IT Center extends SM Offices’ reach to provincial growth corridors.