NewsWhore
08-08-2011, 02:40 PM
Ignacio Mendez, president of the Federation of Industrial Associations, complains that everyone talks about small business, but little has been actually done to maximize their potential as job-creating entities. He says all has just been talk and the country lacks a concrete plan for developing small business. "Small business has a law, but the ruling for its application has not been passed. The much-touted guarantee funds are not a reality and the farm insurance has not been developed as it should," said Mendez, as reported in El Caribe. He said there are big limitations imposed by the red tape involved in formalizing business and the harsh taxation schemes that affect small business. "To move from informality to formality is a big challenge for the country," said Mendez.
He said that there is a duplication of roles in government when it comes to small business, and he said the government entity Promipyme is an institution permeated by political patronage. "We need to develop policies for government procurement, access to credit, monetary decisions to stimulate and make available loans to small business," said Mendez in a written statement.
More... (http://www.dr1.com/index.html#3)
He said that there is a duplication of roles in government when it comes to small business, and he said the government entity Promipyme is an institution permeated by political patronage. "We need to develop policies for government procurement, access to credit, monetary decisions to stimulate and make available loans to small business," said Mendez in a written statement.
More... (http://www.dr1.com/index.html#3)