Bicol: A PHP50 million trade center will soon rise here, providing micro, small, and medium enterprises (MSMEs) in the region with increased opportunities to showcase their products and generate more jobs. In a message on Thursday, Department of Trade and Industry Regional Director Dindo Nabol said the first Bicol Trade Center project aligns with the commitment to fostering economic growth and development in the region.

According to Philippines News Agency, Nabol emphasized the project's role in providing a platform for local businesses to thrive, connect, and innovate. He noted that the construction of the building marks a significant milestone in efforts to future-proof DTI facilities, with construction expected to start this year and be completed next year.

Nabol highlighted the project's testament to collaborative efforts and commitment to the economic growth and development in Bicol, expressing hope that the Bicol Trade Center would be a beacon of progress and prosperity for the region. During the groundbreaking and capsule-laying ceremony, Ako Bicol (AKB) Party-list Executive Director Anelyn Sumanga, delivering the message of AKB Rep. Elizaldy Co, mentioned that the facility would serve as a permanent home for Bicolano products, acting as a center for opportunity, innovation, and economic development.

The Department of Trade and Industry (DTI) will manage the facility through its Albay office. Co expressed his pleasure and pride in the project, stating that AKB continues to provide programs that enhance the lives of MSMEs. He also mentioned that the facility would promote Bicol's product excellence and quality.

Alex Lacuna, chief of DPWH Region 5 Construction Division, provided details on the facility, describing it as a three-story, permanent, modern, and resilient building that would enhance public service delivery and serve as an accessible and sustainable workspace for DTI personnel and the public. Funded under the 2025 General Appropriations Act, the project will have a floor area of 1,196.36 square meters.

The trade center will feature an exhibit hall, storage area, power supply room, and comfort rooms, making it ideal for exhibitions, fairs, product development, and capacity-building activities. Additionally, the facility will include the finance and administrative division offices, a pantry, a fully equipped conference room, the business department division, and the consumer protection division.