HRRAC seeks inclusion in Capitol's ECD program

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THE Hotel, Resort and Restaurant Association of Cebu Inc. (HRRAC) is asking for the inclusion of its member-properties in the Provincial Government’s Enhanced Countryside Development (ECD) program.

A Facebook post of Cebu Gov. Gwendolyn Garcia on Monday, January 10, 2022, showed that the group also wants to avail themselves of the “humanitarian loans” currently being extended by three government banks to the tourism stakeholders in the countryside through the ECD program.

Financial institutions like the Philippine Veterans Bank, Land Bank of the Philippines and Development Bank of the Philippines are extending financial assistance to support rehabilitation works in the tourism sector with an interest rate of below five percent per annum with a grace period of about four years.

HRRAC president Alfred Reyes said the damage to properties of HRRAC members due to Typhoon Odette (Rai) had already reached P5 billion.

He also sought the help of Garcia for the local government units to grant them a tax holiday or discounts on property and business taxes.

Reyes said only HRRAC properties under Cebu Province could take advantage of the financial assistance under the EDC.

The EDC program was initially rolled out out to the farmers and fisherfolk in the province to help them cope with the challenges brought by the Covid-19 pandemic.

It was early this month when the Cebu governor thought of expanding the program to include the tourism stakeholders in the province as her way of helping them recover from the wrath of Typhoon Odette which had hit parts of the Visayas and Mindanao on Dec. 16, 2021.

Priority will be given though to Department of Tourism-accredited properties and those that have obtained a Provincial Certificate of Compliance to benefit from the program.

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