Socio-Economic Impact of Business Establishments in Balagtas, Batangas City to the Community Inputs to Business Plan Development

Business establishments in Balagtas, Batangas City bring a lot of benefits to the community therefore leading to the improvement of the socio-economic life of the people. However, despite the claim that these businesses definitely improve the quality of life of the people, there is a need not only to determine both the positive and impact, but should also identify means to mitigate adverse effects to balance between the economic gains and negative effects to the community. The local government therefore has the prime responsibility to implement stricter measures to balance the fast growth of business vis-à-vis the socio- economic impact to the community. Proposed measures maybe integrated in the local government’s business plan for Balagtas that will promote long term sustainability.

Keywords: socio-economic impact, business establishments, business plan