The Regional Development Council (RDC)-V endorsed DTI-Region V’s flagship projects under the One-Town-One-Product (OTOP) Program. RDC Chairman, Albay Governor Joey S. Salceda signed RDC Resolution 11 (s. 2012) manifesting support and enjoining “convergence of services from the different line agencies, local government units (LGUs) and the private sector for promotion and development” of OTOP products and services.
The flagships are Pili, Bayong, Bamboo, Coco-coir and Water Hyacinth.
OTOP promotes entrepreneurship and creates jobs. It supports MSMEs to manufacture and market distinctive products (or services) utilizing indigenous raw materials and local skills and talents. Local chief executives take the lead in identifying, developing, and promoting a specific product or service which has a competitive advantage in every city and municipality of the region.
The OTOP Program delivers a comprehensive package of assistance to micro, small and medium enterprises (MSMEs) in areas of Capability Building, Product Development, Market Development and Financing Facilitation. These are meant to increase bottomlines on investments, employment, domestic sales and exports which eventually contribute to the Bicol Region’s socio-economic development.
The LGUs partner with DTI, NGOs and the following agencies to deliver MSME services and to sustain the OTOP Program:
•Department of Agriculture (DA)
•Department of Environment and Natural Resources (DENR)
•Department of Interior and Local Government (DILG)
•Department of Agrarian Reform (DAR)
•Department of Science and Technology (DOST)
•Department of Tourism (DOT)
•Technical Education Skills Development Authority (TESDA)
•Department of Labor and Employment (DOLE)