CLARK FREEPORT— As global markets demand greater agility and innovation, this freeport is redefining itself—not just as a destination, but as a dynamic business ecosystem built for resilience and sustainable growth.
“Clark is different because it acts like a local government unit and at the same time serves as an enabler,” Clark Development Corp. president and CEO Atty. Agnes VST Devanadera highlighted the freeport’s unique approach at the Clark leg of the Philippine Economic Briefing (PEB) 2025 held at Hilton Clark on Sept. 22.
“We are removing red tape and instead offering our investors the red carpet. But more than that, we want to build a real community, one that is clean, green, and supportive of both global businesses and local entrepreneurs,” she added.
In 2024, Clark recorded ₱77 billion in committed investments. The freeport supports both multinational corporations and welcomes partnerships with MSMEs.
Today, Clark is home to 1,213 locators and provides employment to over 146,000 workers, underscoring its role as a major economic engine in the region.
CDC expands exhibit spaces, provides free venues for artists, and forges partnerships with hotels to promote local products—ensuring that businesses of all sizes can thrive within the Freeport.
“Our investors continue to expand, our local businesses are finding bigger markets, and our community remains a place where people feel good,” the CDC chief said.
The Philippine Economic Briefing underscores the government’s commitment to transparency and informed decision-making, making Clark Freeport Zone a compelling choice for forward-thinking investors and entrepreneurs.
Joining Devanadera in the panel of discussion were Department of Economy, Planning and Development undersecretary Carlos Abad Santos, Department of Budget and Management assistant secretary Romeo Balanquit, Department of Finance assistant secretary Neil Cabiles, and Bangko Sentral ng Pilipinas director Lara Banapin. CDC-PR
