PYMES Fair opens

[NewsWhore]

The Confederation of Small and Medium-sized Enterprises (CODOPYME) has launched the XI Expo Pymes 2006 at the Dominican Fiesta Hotel. There will be 66 PYMES (Small and Medium-sized Enterprises) exhibiting at the Fair, and they offer a wide range of goods and services. Metalwork, graphic arts, textiles, shoes and baking goods all feature in the show. Business magnate Jose Luis "Pepin" Corripio is the guest of honor at the fair, and Taiwan is the invited nation. Several banks that assist the smaller business venture, such as Banco Ademi, the National Housing Bank (BNV) and the Nacional Savings and Loan Association will also be on hand. The fair will also offer short courses for small businesses. Sources have told El Caribe that the government has spent over two billion pesos in the small business sector, assisting 26,000 enterprises with loans with less than 10% interest. Once the western Santo Domingo Industrial District is finished, 212 small and medium businesses will be moving in. They have already been paying for their spots for some time and are just waiting for the Industrial Promotion Corporation (CFI) to put the finishing touches on the large project. Unfortunately, CFI says that they need RD$1.8 billion to do this. Meanwhile, 115,000 jobs are on hold. The good news is that according to Rubrn Bichara the basic infrastructure will be finished in December, and this includes electricity, paved streets and offices. The new industries include metalworking, textiles, bakeries and artisan workshops.

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