Republic Acts1 min read
Section 9Sec./Art. 9
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Selection of Countrywide Industrialization Projects.- In addition to the criteria set forth in Section 7 hereof, preference in awards shall be given to projects with any of the following features:
a. whose equity is owned by residents of the city or municipality, and then of adjacent municipalities, and province;
b. owned by an established cooperative or nongovernment organization;
c. whose proponents have previous experience in successful ventures, have no unfavorable credit record and are reputed to be of good character; or
d. whose proponents have experience in an undertaking related to the project.
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