NewsWhore
05-05-2009, 06:20 PM
The president of the National Traders and Business Federation has asked the government to inject one billion pesos as soon as possible to finance micro, small and medium-scale businesses in the country and so lessen the impact of the jobs lost during the recession. Ricardo Rosario said that the Council for the Program of Micro, Small and Medium Enterprises (Promipyme) is an efficient job creation tool. In addition, the money invested in these areas is not lost since recovery has been 98% plus for years. Speaking to the Hoy media group, Rosario pointed out that these small businesses contribute as much as 12% of the DR's GDP and generate a huge number of jobs, citing as many as 400,000 direct jobs and another 20,000 indirect jobs in the food sector alone. This represents significant economic activity, and yet according to Rosario, there is no government plan to guarantee the stability of the sector. His main point was that through better access to financing, the "pymes" sector could quickly generate jobs at a time when they are needed. The Promipymes also want the government to transfer lots of its own procurement orders now being made for foreign-produced goods to local producers.
More... (http://www.dr1.com/index.html#13)
More... (http://www.dr1.com/index.html#13)