New Urban Developments Are Driving Employment Growth

 Jobs on the Rise: New Urban Developments Are Driving Employment Growth

Photo credit to Anamul Rezwan. Construction jobs are generated from new urban developments.

Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also stimulate local economies and communities through various socio-economic activities like job creation.

Whether in the form of public transportation, cutting-edge business districts, or towering residential communities, a single new development requires a whole host of jobs from pre-construction, to construction, and completion. These range from real estate developers and planners to construction workers and suppliers – all requiring extensive collaboration for successful project development.

Hudson Yards: Direct and indirect employment opportunities

 

Photo credit to Following NYC. Featuring ‘Vessel’, a honeycomb-like structure and visitor attraction in the Hudson Yards Development in Manhattan, New York City.

The cycle of job creation doesn’t stop after completion. A new development also drives indirect employment opportunities generated from industries attracted or related to the development. 

Such is the case for Hudson Yards, New York City’s 28-acre mixed-use development and considerably the United States’ biggest megadevelopment in history. It had created thousands of construction jobs that resulted in transforming Manhattan’s iconic skyline and becoming home to diverse shops, offices, cultural institutions, and hotels and residences. Ongoing operations and management of these facilities are expected to contribute to its large-scale economy, such as hosting over 55,752 workers daily and about $19 billion annually to the city’s GDP. 

Dubai and Songdo IBD: Creating economic opportunities afresh

Meanwhile, cities like Dubai and Songdo International Business District (IBD) generate jobs by creating economic opportunities from the ground up. They used land reclamation as an urban development strategy to address land scarcity and high population density challenges.

Photo credit to Kadir Avşar. A closer aerial view of the Palm Islands.

Dubai's ambitious projects, including the Palm Islands, the World Islands, and Burj Al Arab, have turned it into an ultramodern metropolis for commerce and tourism. In 2023, it drew over 30,000 new businesses, driving demand for talent in finance, legal, and digital technology sectors.

The Songdo IBD is an ongoing smart city built on reclaimed land in Incheon, South Korea. It’s designed to be an international business and residential hub with sustainable features. As of 2020, the 1,500-acre development hosts about 30,000 residents, 33,000 jobs, and 70% fewer emissions than any other development.

SM’s Integrated City Developments: Empowering local communities and residents

SM Prime contributed photo. An aerial view of SM Mall of Asia (MOA) featuring its iconic Globamaze and thriving network of retail, business, residential, and hotel developments.

The SM Group, a leading conglomerate in the Philippines, has an ecosystem of interests spanning retail, banking, property, and mall developments across the country, making it the largest employer with over 140,000 employees.

For every SM mall development by SM Prime Holdings, the integrated property developer of the Group, the local economy is invigorated because of the opportunities created by supporting small and medium enterprises (SMEs) that comprise about 68% of its mall tenants. For instance, SM City Bataan, SM Supermalls’ 83rd mall, employs about 96% of its mall administration staff who are residents called Bataeños, including two in leadership roles. It also proudly showcases local industries by partnering with homegrown businesses like family-owned brands and locally managed franchises. 

Job security, stable income, and tax revenues contribute to the local workforce’s quality of life; and SM Prime ensures to manifest these waves of progress in its developments, especially in its future plans for smart cities in the Philippines to be spearheaded by its ongoing 360-hectare development in Pasay City.

New urban developments are catalysts for growth, innovation, and avenues for increased prosperity, shaping local economies through job creation and improved lives. The success of these city centers requires a network of opportunities – from its pre-construction supply chain to empowering businesses for individuals to thrive and contribute to the communities.

Henry Sy Foundation - Echoes of Progress

A school renovation project amplifies the potential of deaf community 

 

A dedicated teacher from PSD provides a hands-on lecture inside their newly rehabilitated school building.

Being hearing-impaired is a challenge in itself, navigating a world where communication relies heavily on spoken words. 

  

In the Philippines, this challenge further creates a gap, as opportunities for the deaf are limited, particularly in education and employment. The struggle is intensified as only a few secondary learning institutions are catering to their unique needs, with affordability and facility conditions further hindering their pursuit of skills and knowledge. 

  

A personal advocacy 

Shery Funcion, the Principal of the Philippine School for the Deaf (PSD) in Pasay City, is no stranger to these challenges. 

  

Her dedication to the cause began with her college thesis, focusing on job opportunities for deaf learners. Since then, she has immersed herself in various organizations and volunteer activities, gaining firsthand insights into the limited opportunities available to deaf learners. 

  

She eventually became a SPED teacher, before taking on the role of principal in PSD. 

  

"The immersive experience really showed me how important these projects are for our students—kung gaano kahalaga ang pagbibigay ng mga pasilidad sa mga mag aaral lalo na sa mga bingi," she underscored the importance of providing facilities for students with hearing impairment. 

 

A facility that produces opportunities 

The collaborative project of the Henry Sy Foundation, SM Foundation (SMFI), and the Department of Education's Schools Division Office of Pasay City equips students with in-demand skills that will prepare them for employment upon graduation.

In the century-old PSD, their senior high school laboratory building serves as the training ground for students. Its classrooms and halls, no matter how old, have always played their role in honing and preparing deaf students to have solid career prospects after PSD. 

  

Amidst the competing priorities within the school and the broader Philippine educational system, the facility barely had enough funds for the rehabilitation and major repairs it needed. For years, students and teachers worked around issues ranging from dim lighting and leaking roofs to uneven floors. These not only presented structural concerns but also hindered the overall learning experience of students. 

  

"Our deaf learners need special accommodation to fulfill their special educational needs. They need to have a conducive learning environment so we can optimize the activities and learning programs," Funcion stressed. 

  

Funcion further shared that the 2023 collaborative project of the Henry Sy Foundation, SM Foundation (SMFI)—the social good arm of the SM Group, and the Department of Education's Schools Division Office of Pasay City could not have come at a better time. 

  

 "The rehabilitation of the Home Economics (HE) laboratories is crucial because students need to fulfill their performance tasks. These are vital components of our senior high school program to ensure that they acquire essential skills and competencies for employment post-graduation from PSD." 

  

Through the collaboration, PSD has been provided with the much-needed facilities in dressmaking, beauty care, cookery, electrical, bartending, food and beverage preparation, ICT, and dance. 

  

For Funcion, their Henry Sy. Sr. building serves as a great beginning that will help pave equal opportunities and create a future where deaf students’ abilities will shine within and beyond the four walls of classrooms. 

 

Through the collaboration, PSD has been provided with the much-needed facilities in dressmaking, beauty care, cookery, electrical, bartending, food & beverage preparation, ICT, and dance.

SM Prime invests in future sustainability leaders with scholarship program

 SM Prime invests in future sustainability leaders with scholarship program

Future sustainability leaders. Strengthening its commitment to both educational access and sustainability stewardship, SM Prime welcomes ten scholars from UPLB, who are taking up degrees in either Bachelor of Science in Human Ecology or Bachelor of Science in Forestry.

Inspired by the late Henry Sy Sr.'s belief in the power of education and driven by their commitment to sustainability, leading integrated property developer SM Prime Holdings, Inc. (SM Prime) has launched a scholarship program in partnership with the University of the Philippines Los Baños (UPLB).

Aptly called the "SM Sustainability Scholarship," the initiative reflects SM Prime's commitment to both educational access and sustainability stewardship.

Video courtesy of SM Prime

The program will fully support ten deserving students through their undergraduate studies at UPLB, providing them with the opportunity to pursue degrees in either Bachelor of Science in Human Ecology or Bachelor of Science in Forestry. These fields align with SM Prime's focus on building resilient communities and fostering a sustainable future.

The scholarship recipients, meticulously chosen for their academic excellence and dedication to sustainability, were formally recognized during a meet-and-greet gathering at UPLB, marking the start of their journey as SM Sustainability Scholars.

SM Sustainability Scholarship. In the photo are the SM sustainability scholars with the University of the Philippines Los Baños’ Office of Scholarships and Grants Director Assoc. Prof. Ariel L. Babierra, Ph.D., College of Forestry and Natural Resources’s Prof. Marilyn Combalicer, College of Human Ecology Dean Dr. Jennifer Amparo, Vice Chancellor for Student Affairs Dr, Janette Malata-Silva, Scholarship Affairs Officer Ivy Salarde and SM Prime AVP Rida Reyes-Castillo with the rest of the SM team.

Each scholar will receive a full scholarship covering tuition fees, a monthly living allowance, and a book allowance, ensuring they can focus on their studies without financial worries.

During the gathering, College of Human Ecology (CHE) Dean Dr. Jennifer Amparo expressed that the pursuit of sustainability is most effectively undertaken collaboratively.

“CHE is one of the colleges that puts a premium on interdisciplinarity and trans-disciplinarity because we believe that in sustainability, you don’t work in silos. We need to work together and build each other’s skills, know-how, and also our programs together to ensure sustainability,” she said.

“I would also like to thank SM Prime for putting emphasis on this scholarship. SM Prime did not just provide the finances or scholarship. They invested the time to really meet our scholars and provided other support mechanisms to ensure that our scholars thrive in their academic lives. This is also a manifestation of SM’s commitment to sustainability by really developing our future sustainability leaders,” she added.

College of Forestry and Natural Resources’ Prof. Marilyn Combalicer also extended the college’s support to the scholars on behalf of the college’s dean, Dr. Marlo Mendoza: “We hope to continue nurturing such meaningful collaboration and initiatives that enhance our educational experience and initiatives for our students. Rest assured that we will continue providing support to our students in ensuring their growth and success in both academia and beyond.”

SM Prime’s AVP Rida Reyes-Castillo meets the SM sustainability scholars.

Meanwhile, SM Prime AVP and Head of Marketing, PR and Corporate Communications, Rida Reyes-Castillo, echoed that the fundamental values of the company are intricately interwoven with both education and sustainability.

“SM Group’s founder, Mr. Henry “Tatang” Sy, Sr. believed that education is a great equalizer, and he envisioned that sending one child to college would create ripples of social good not just for families but for an entire community,” she said. “The improvement of the well-being of the youth and the partner communities is something that we at SM invest in.”

For decades, the SM group has embraced the responsibility to contribute to nation building through social good programs that are geared towards quality education, sustainable agriculture, healthcare, and disaster response. By helping improve the quality of life of the people in these host communities, social development and investment go hand in hand with business growth to achieve a better future for all.

Henry Sy Foundation supports the Philippine School for the Deaf

 

Henry Sy Foundation promotes inclusive education 

Revitalizing the Philippine School for the Deaf

Philippine School for the Deaf (PSD) hand signs a gratitude message to Henry Sy Foundation (HSF), Department of Education, and Pasay Local Government after they collaborated for the revitalization of the 12-room laboratory building of Senior High School students.

The Philippines’ Magna Carta for Disabled Persons ensures the rehabilitation, self-development, and self-reliance of persons with disabilities. The country provides educational assistance to people with disabilities from primary to tertiary education, including vocational or technical training.

 

One such school is the Philippine School for the Deaf (PSD) in Pasay City. For over a century, the school had demonstrated the transformative power of education in empowering and unlocking the capabilities of those with diverse disabilities to live fulfilling lives.

 

Though standing as a testament to the Philippines' long-standing commitment to differently-abled education, the school, one of Southeast Asia's oldest institutions for the deaf, suffers from the effects of time and wear, compromising its ability to fulfill its mission.

 

The school lacked basic facilities and accessibility features: converted classrooms, timeworn corridors, limited space for vocational training, inadequate furniture, dilapidated walls and ceilings, broken tiles and faucets, and dim lighting. It was also prone to flooding due to drainage problems, and it had only one functional toilet with a broken door infested by termites.

 

Revitalizing a legacy

In a transformative partnership, the Henry Sy Foundation, SM Foundation (SMFI), and the Department of Education's Schools Division Office of Pasay City joined forces to breathe new life into the Senior High School building and a four-story, 12-classroom structure. This initiative, executed under the DepEd's adopt-a-school program, stands as a testament to the power of collaboration in revitalizing educational infrastructure for the benefit of the community.

Teachers conduct lectures on electronics in a more conducive laboratory after the rehabilitation of the school building

 

Previously hindered by infrastructural limitations, the century-old school now features enhanced learning spaces dedicated to various subjects, including dressmaking, beauty care, cookery, electrical, bartending, food & beverage preparation, ICT, and dance. A dance studio with a dressing room and a conference room were also refurbished.

Through the social good collaboration, the laboratory for baking and cookery has been equipped with new tools and furniture, helping conduct more hands-on classes.

To enhance safety and accessibility, ramps and railings were installed throughout the campus, ensuring ease of movement for all students. Aside from revitalizing 10 classrooms, the SM group also refurbished the conference rooms, and the lobby with a reception area to provide a comfortable environment.

Differently abled students from PSD focus as they attend their beauty and cosmetology class in their new building.

Helping instill good hygiene and encourage healthy habits, a handwashing station, and separate male and female toilets were rehabilitated with clean, functional cubicles, urinals, and PWD-friendly facilities.

 

The covered court was restored with a spacious stage, creating a conducive space for outdoor learning and recreation. 

The rehabilitation of the facilities at the PSD was undertaken, not just to address the physical challenges but also to cultivate an environment where every student can thrive. The project stands as a testament to the SM and Henry Sy Foundations’ continued pursuit of inclusivity and its commitment to empowering differently-abled individuals through education.

SM Foundation school building program head Juris Soliman and SMFI Project Supervisor Ar. Caren Lopez (fourth and fifth from left) with PSD Principal Shery Funcion and SDO Pasay City SGOD Sylwyn Tenorio (sixth and seventh from left) with the team behind the school’s refurbishment.

 

SM scholars recall the beginning of their SM scholar journey

A moment that changed lives

Some moments fade with time, certain experiences leave an indelible mark, shaping not just our paths but our very identities. For Atty. Marmie Deniega and Amanda Hora, the SM scholarship application wasn't just a gateway to education; it was the moment that shaped the life they live today.

 

The first to obtain a degree in the family

A family legacy, SM scholar Amanda Hora becomes the first in her family to earn a degree.

 

Amanda’s unforgettable story as an SM scholar began when she stumbled upon a Facebook post about the SM scholarship application.

 

“It has always been my dream to pursue a quality education without the burden of tuition expenses. I enrolled in a university in Senior High School because of a scholarship, and I know that the only way to continue my college years at the same university is to obtain another full scholarship. That is why I never hesitated to apply for the SM scholarship, hoping to be accepted,” she said.

 

In the quiet hours of the night several years back, an email from the SM Foundation lit up her phone’s screen, informing her that she had been selected for their scholarship program.

 

The acceptance was a mark that she was a few steps away from fulfilling another goal: “I pursued college because I wanted to become the first in our family to get a college degree.”

 

“My parents did not finish their studies due to financial difficulties, but they’ve always been supportive of my dreams and aspirations. Also, I believe in the importance of quality education. It is something that nobody can take away,” she added.

 

Amanda snaps a photo with her family as she graduated cum laude with a degree in BS accountancy in 2023.

 

The scholarship opened doors throughout her college years. Beyond the academic realm, she had the opportunities to join competitions, intern at prestigious firms, and build a network that extended far beyond the classroom.

 

She shared: “As a scholar, the foundation’s programs and webinars allowed me to hear inspiring stories from other scholars, mentoring and motivating us to pursue our goals. When COVID-19 affected the country and whenever there were calamities, the SM Foundation looked after us. They provided us with tools that are essential for remote learning. It made me feel that I am part of a bigger family and that I am not alone in this journey.”

 

These experiences paved academic and personal growth. As she graduated cum laude with a degree in BS accountancy in 2023, she aims to contribute to the community by creating a ripple effect of kindness.

 

“I would use my knowledge to find ways to provide livelihood programs, especially in areas or communities where it is much needed. I would also advocate for financial literacy to help people effectively manage their finances and build resilience, especially during unpredictable life events. I would also use my story to inspire the youth, especially the current and future scholars, and remind them to never give up on their dreams,” she shared.

 

Scholar makes an impact on the community

Atty. Marmie Deniega (fifth from left) with her colleagues from IBP-Cebu Chapter.

 

Much like Amanda is CPA-lawyer Marmie Dyan Deniega.

 

Raised by a single mother amid financial struggles, the pursuit of a college degree seemed like an unattainable dream until she chanced upon a TV commercial that introduced her to the SM College Scholarship.

 

Recalling vividly the moment, she shares: “My mother and I were watching the television. The commercial for SM Foundation came in, and the application deadline was flashed through the screen. Coincidentally, it was on that day itself, so I rushed and submitted my application at the nearest SM Mall."

 

The scholarship became the cornerstone of Marmie's academic success. She graduated with cum laude honors in Accountancy from the University of San Jose-Recoletos, crediting the scholarship for providing not only financial support but also the freedom to focus on her studies.

 

The scholarship not only shaped her academic journey but also fueled a sense of responsibility, which proved valuable when she pursued a law degree with the help of her aunt and part-time jobs.

 

 

Now successful in her field, Atty. Marmie travels and enjoys various leisure activities. Beyond this, she is thankful to have the capability to support her family.

 

Now, she proudly serves as an Attorney III at the Business Permit and Licensing Office (BPLO) of Mandaue City, actively contributing to her community's development. She is one of the people who played a pivotal role in streamlining business permit processing in their city, making it more accessible to constituents.

 

As a firm believer in spreading social good, she finances the education of her siblings while actively engaging in community-based projects. She also stands as a resource speaker in schools for several crucial topics, such as the Anti-Bullying Law.

 

Apart from legal aid work in far-flung areas in Cebu, through the Integrated Bar of the Philippines-Cebu Chapter, she also volunteers with Law Inc., an organization helping victims of Violence Against Women and Children (VAWC). She conducts seminars across various locations in Cebu, shedding light on the intricacies of VAWC.

 

In the confines of her office, clients naturally turn to her for legal advice, seeking guidance on various matters: “It cannot be helped that clients will also seek legal advice from me, hence I also make it a point to help them, to the best of my ability, and within the boundaries set by law."

 

Amanda and Marmie's stories are not just individual triumphs but testaments to the impact of education. Each year, countless dreamers like them are empowered to pursue their academic aspirations and chart their paths to success through the SM College Scholarship Program.

 

As the application for the SM College Scholarship Program opens from Feb. 1 to March 31, 2024, countless more lives stand to be touched.