The Bases Conversion and Development Authority (BCDA) and its subsidiary John Hay Management Corporation (JHMC), turned over on February 26, 2010 their P50 million economic development commitment to the Baguio City Government.

The BCDA-JHMC gives Baguio City an equitable share from its operations gross income at the John Hay Special Economic Zone. Through the leadership of JHMC Board Chairman – CEO Office OIC and President -COO Ma. Cristina R. Corona, the BCDA, JHMC and the Baguio City Government fostered a mutually empowering triumvirate towards achieving national and local progress with public accountability. JHMC continues to develop Camp John Hay as a world-class tourism haven, human resource development hub and forest watershed paradise for all investors and visitors. From left to right (front row): Secretary to the City Mayor Atty. Ronaldo Perez, Jr., Executive Assistant to the City Mayor Jay Co, and Baguio City Mayor Peter Rey Bautista; and from BCDA-JHMC, Ms. Ma. Cristina Corona and JHMC Board Director Dominador Rojas, Director-EVP Asuncion Balingit-Santos, Directors John Arenas, Leonarda Capuyan, and Armando Galimba.