NewsWhore
06-11-2010, 04:20 PM
The Santiago Development Strategy Council (CDES) says that after the drastic reduction of free zone businesses in Santiago, some 50,000 micro, small and medium-scale businesses have sprouted up, covering to some degree the loss of jobs in the free zone factories. According to CDES president Carlos Fondeur, most need operational studies and support programs to remain in business. Listin Diario writes that this situation was discussed during the unveiling of the II Strategic Plan for Santiago 2020. The plan establishes that there are about 610,000 micro-businesses in the DR and nearly 10% of these are in Santiago.
The report stresses that more than 10,000 of these businesses have never received financing for their development. The principal sources of financing are banks (41%), loan sharks (38%), and the NGOs that finance 11% of the tiny businesses. The press document issued by the council says that "...the cost of financing a micro or small business is onerous and overwhelming for the risks involved".
Fondeur said that while it was true that Santiago's economic potential has decreased in recent years, if really strategic projects that generate formal and worthy jobs were created, the city would once again be in the top spots in the national economy.
More... (http://www.dr1.com/index.html#7)
The report stresses that more than 10,000 of these businesses have never received financing for their development. The principal sources of financing are banks (41%), loan sharks (38%), and the NGOs that finance 11% of the tiny businesses. The press document issued by the council says that "...the cost of financing a micro or small business is onerous and overwhelming for the risks involved".
Fondeur said that while it was true that Santiago's economic potential has decreased in recent years, if really strategic projects that generate formal and worthy jobs were created, the city would once again be in the top spots in the national economy.
More... (http://www.dr1.com/index.html#7)