City seeks support for small businesses

-A A +A

Sunday, February 16, 2014

THE Cebu City Council wants the Department of Manpower Development and Placement (DMDP) and the committee on livelihood to study strategies that will empower and strengthen the micro, small and medium enterprises (MSME) operating in the city.

Councilor Alvin Dizon, in a resolution filed and approved by the council last month, said the move will help facilitate easier access to different funding institutions so establishments considered as MSMEs can avail themselves of additional capital for their businesses.

Dizon cited Paul Vandenberg of the International Labor Organization as saying there is increasing recognition that private sector development has an important role to play in poverty reduction.

The private sector, including small enterprises, creates and sustains employment.

He said small enterprise development contributes to poverty reduction when it creates employment either through the startup of new enterprises or the expansion of existing enterprises.

Job creation provides income for the poor, said Dizon’s resolution.

Dizon said empowering and strengthening MSMEs will help the city in job creation and poverty alleviation.

Dizon said that considering the potential of MSME as a key strategy for poverty reduction, the Senate also passed Bill No. 2046 or the “Go Negosyo Act of 2013.”

The act aims to foster national development and promote inclusive growth and reduce poverty.

Dizon also encouraged other business groups to help the city by providing the strategies to strengthen MSMEs.

Published in the Sun.Star Cebu newspaper on February 17, 2014.


DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
2013 Bar results out

FOREX: US$ 1.00 = PhP 44.420

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02
public media
Plus and Special
Channel 14

Today's front page

Sun.Star Cebu front page for April 17, 2014

Other front pages

Sun.Star Jobs
  • Sinulog
  • ePaper
  • goodearth
  • Philippine Polls
  • Festivals
  • Sunstar Multimedia
  • Habemus Papam
  • SunStar Celebrity
  • Technology
  • Pnoy
  • Obituary
  • Sun.Star Zup!
  • Calamity Report
  • tell it to sunstar
  • Pacman blog
  • Filipino Abroad