Go Negosyo Act to boost development of MSMEs

MANILA, July 28 (PNA) — The approval of Republic Act 10644: An Act Promoting Job Generation and Inclusive Growth through the Development of Micro, Small and Medium Enterprises or the “Go Negosyo Act” authored by Senator Bam Aquino is seen to bring government services closer to small businesses through the establishment of Negosyo Centers in all provinces, cities, and municipalities.

With the Go Negosyo Act, the DTI, with the support of LGUs and other government agencies, expects to further boost its assistance to micro, small and medium enterprises (MSMEs) to grow and flourish, and intensify the promotion of entrepreneurship in the country.

The Negosyo Centers shall be responsible for promoting ease of doing business and facilitating access to services for micro, small, and medium enterprises (MSMEs).

Aside from facilitating business registration through the Philippine Business Registry System, the Centers shall provide assistance to MSMEs in the availment of technology transfer, production and management training programs, and marketing assistance of the DTI, Department of Science and Technology (DOST), University of the Philippines – Institute for Small-Scale Industries (UPISSI), Cooperative Development Authority (CDA), Technical Education and Skill Development Authority (TESDA) and other agencies concerned.

The MSMEs account for more than 99 percent of all establishments in the country, which comprise 66 percent of the total employment in the private sector. (PNA)