'Negosyo Centers' up soon

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Wednesday, August 20, 2014


NEGOSYO Centers will be established soon across the country that will assist and enable the faster establishment of micro, small, and medium enterprises (MSMEs).

The establishment of the centers is a provision in the Go Negosyo Act or Republic Act 10644, which was approved last July 15,2014, and authored by Sen. Paolo Benigno "Bam" A. Aquino IV.

"Under this law, the Department of Trade and Industry (DTI) has been given the key responsibility and challenge of establishing Negosyo Centers in all provinces, cities, and municipalities in the country," said DTI Sec. Gregory L. Domingo in his keynote message at the opening of the National MSME Summit at SMX Convention Center Wednesday.

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The MSME Summit was attended with more than 700 delegates from all over the country.

The centers will provide a unified and simplified business registration process through the Philippine Business Registry System and the Business Permits and Licensing System.

"It is tasked to make it substantially easier to establish businesses anywhere and everywhere and provide the enabling environment for entrepreneurship to further grow and flourish throughout the country," Domingo said.

He said the centers will also help facilitate the access of MSMEs to shared service facilities (SSFs) and equipment, capacity building programs, technology transfer, production and management training, and marketing assistance.

Domingo said the centers will also facilitate market linkages to develop and sustain the competitiveness of MSMEs and help sell their products and services to existing and new markets for both domestic and international.

The center will also facilitate access to financial assistance and grants and design and undertake programs that will promote entrepreneurship.

The Negosyo Center will be in partnership with the Department of Science and Technology, the University of the Philippines - Institute for Small-Scale Industries, the Cooperative Development Authority, and the Technical Education and Skills Development Authority (Tesda).

Published in the Sun.Star Davao newspaper on August 21, 2014.

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