Manila Partners with DTI to Foster Micro, Small, and Medium Enterprises Growth
The City of Manila, under the leadership of Mayor Honey Lacuna-Pangan, took a significant step towards fostering the growth of micro, small, and medium enterprises (MSMEs) by signing a memorandum of agreement (MOA) with the Department of Trade and Industry (DTI) on Tuesday, September 19.
The MOA, signed by Mayor Lacuna-Pangan, DTI OIC-Regional Director Ma. Sofia Narag, DTI NCRO Area-1 Division Chief Corona Olivia Rivera, Secretary to the Mayor Atty. Marlon Lacson, and Bureau of Permits Director Levi Facundo, formalizes the city's commitment to support the Go Negosyo Act (Republic Act No. 10644).
The Go Negosyo Act, also known as RA 10644, is a landmark piece of legislation that seeks to promote job generation and inclusive growth in the Philippines through the development of micro, small, and medium enterprises.
Under the terms of the memorandum, the City of Manila will provide comprehensive support and expertise aimed at building competent and sustainable MSMEs within its jurisdiction. This collaboration aims to empower local entrepreneurs and provide them with the necessary tools and resources to succeed in today's competitive business landscape.
The City's partnership with the DTI demonstrates its dedication to creating a conducive environment for entrepreneurship and economic development. By actively supporting the Go Negosyo Act, Manila is taking a proactive role in driving economic growth, creating jobs, and fostering a thriving business ecosystem within the city.
Through initiatives like these, Mayor Lacuna-Pangan and her administration are working towards the advancement of inclusive and sustainable economic opportunities for all residents of Manila.
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