The Negros Oriental Investment Promotion Center (NOIPC) was established by the Provincial Government to give priority to investment promotion as a means of achieving a more dynamic economy in the province.
The Center was created when the Sangguniang Panlalawigan approved the Negros Oriental Investment Code authored by the Hon. Mariant Escaño-Villegas.
The Code also created the Negros Oriental lnvestment Board (NOIB) which sets the investment promotion policies in the province. The activities of the NOIPC are then in accordancewith the policies established by the provincial investment board.
This includes investment promotion and the processing of applications forinvestment incentives as provided for in the Negros Oriental Investment Code.
To make the operations of the Center more effective, the NOIB decided to have it managed by an NGO specifically organized for this purpose.
Thus, the Negros Oriental Business Development Foundation (NOBDF) was created. One of its major concerns is the management of the NOIPC.
In 2005, Governor Arnaiz started Oriental Negros movement, to rename the Province from Negros Oriental to Oriental Negros as to avoid confusion with a similarly named province.
Thus, Negros Oriental Investment Promotion Center (NOIPC) became Oriental Negros Investment Promotion Center (ONe-IPC).