Knowledge-based Industries
In March 1997, the entire municipality of Morong was proclaimed as the Morong Special Economic Zone (MSEZ), with the Bataan Technology Park as its Main Zone. The Park is home to a resort called, Atmanda Ecopark.
Investing in the Park
Investors who wish to put up can enjoy the following benefits: a) 5% levy on Gross Income Earned (GIE) in lieu of all national and local taxes and duties; b) tax and duty-free importation of raw materials and capital equipment; and c) management of the zone as a separate customs territory, ensuring free flow or movement of goods and capital equipment within, into and exported our of the zone.
The Atmanda Ecopark provides vast agricultural land where there is available agri-industrial-based labor. It enjoys the benefits and incentives of a Special Economic Zone. With its size and accessibility, it showcases its potential as a retirement haven, a corporate training center, and a zone for environment-friendly small- and medium-scale industries through its increased accessibility, investor perks, and proximity to the Subic Freeport Zone and the Clark Freeport Zone—not to mention the mushrooming residential and resort developments along the Bataan coastline.