History
The City of Cagayan de Oro has experienced tremendous growth in previous years. With its strategic location, the city naturally evolved as the trade and service center for Mindanao. The city’s natural endowments were reinforced by the presence of the basic infrastructure and amenities supported by a focused vision for its economic future. This was made possible by the strategic alliance espoused by both private and government sectors to help shape the landscape and local governance to enhance Cagayan de Oro’s role as a premier trade and service center in the country.
To further rationalize the growth directions of the city, a group of local businessmen identified the need to promote Cagayan de Oro City in a sustained and continuous manner. Thus, in January 2000, Congressman Constantino Jaraula, Congressional Representative, Lone District, Cagayan de Oro, requested the Department of Trade and Industry (DTI) to gather the key officers of the major companies operating in the city and province to solicit their support for a unified investment promotion program for the city, and at the same time support and encourage preservation and enrichment of its historical identity and cultural heritage. From the Congressional Development Fund, Cong. Jaraula commissioned the University of Asia and the Pacific (UAP) to come up with Strategic Investment Promotion Program for Cagayan de Oro.
Name of the Organization
The Foundation shall be known as Promote NorMin Foundation, Inc., formerly known as Promote CDO Foundation Inc.
The Promote NorMin Foundation Inc. is a private, voluntary, non-stock non-profit corporation that serves as a venue for the confluence of interest of both government and private sector for the social, cultural and economic development of Cagayan de Oro City, Misamis Oriental and the entire Northern Mindanao..
The foundation is composed of key executives of the major business establishments in the city (commercial, industrial, educational) and executives of Local Government and critical National Line Agencies, intends to bring about the rationalization of various activities on social, cultural, and economic promotions and preservation by working together as a group and thus maximizing the use of resources from both the government and private sectors
Date of Registration
Promote CDO was issued a Certificate of Incorporators as a non-stock, non-profit foundation on March 15, 2002, by the Securities and Exchange Commission.
Vision
Northern Mindanao, as a globally competitive trade, services, financial and educational center of Mindanao
Objectives
Mission
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Help promote tourism and investment potentials of Cagayan de Oro City, Misamis Oriental and the entire Northern Mindanao.
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To formulate and advance advocacies for the development of the local economy.
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To conduct fund raising activities to sustain its administrative and operational activities.
Northern Mindanao, as a globally competitive trade, services, financial and educational center of Mindanao