BARANGAY PEÑAFRANCIA

ECONOMY AND INVESTMENT

A. TOP TEN (10) MINIMUM BASIC NEEDS FOR SURVIVAL

1. Employment
2. Housing
3. Drainage
4. Education
5. Medicine
6. Garbage
7. Public Transportation
8. Streetlight
9. Water
10. Roads

B. LIVELIHOOD

The means of livelihood in this community are the small and large entrepreneur, baker, banker, barbers, dancer, operator of vehicle, distributor/ dealer and merchandiser of goods, cook, general contractor, retailer and wholesaler and lessee and lessor.

C. COMMERCIAL

There are 173 Commercial Establishment in the vicinity of Barangay Peñafrancia. These are : Advertisement Agencies, Bakeries, Banks, Bars, Barber Shops, Boarding Houses, Computer Centers, Dancing School, Drug Stores, Eateries, Funeral Parlor, Furniture and Upholstery Dealer, General Merchandise, Grocery Store, Insurance Companies, Lumber Yard, Medical Laboratory, Printing Press, Recruitment Agency and Sari-Sari Store.

These commercial establishments contributed a total annual tax due of 1,113,360.20 to the City's budget. The amount of minimum annual tax due is 200.00 and the maximum annual tax due that the City received is 270,172.91. The City is gaining a gross sale of 162,557,613.53 computed annually.

D. EXISTING DEVELOPMENT PROJECTS