DTI triples number of Negosyo Centers nationwide to 447
Hits 200% of target last year
The Department of Trade and Industry (DTI) significantly expanded and strengthened its support and services to the growing number of micro, small and medium enterprises (MSMEs) nationwide, tripling the number of Negosyo Centers established across the country from 144 in 2015 to 447 in 2016.
In 2016, DTI hit almost 200% of the 150 target with 298 Negosyo Centers built. Majority of the Centers launched last year covered the period July to December 2016 under the administration of President Rodrigo Duterte, with 197 centers launched.
DTI also surpassed its set targets for the establishment of Negosyo Centers for two consecutive years. In 2015, DTI established 144 Centers, exceeding the 100 target.
Through Negosyo Centers, DTI assisted a total of 491,314 clients nationwide and conducted over 6,000 seminars for MSMEs and aspiring entrepreneurs. Negosyo Centers also created over 41,000 MSMEs. There were 213,092 clients served from July to November 201 alone.
“An entrepreneurial nation is what will give the Philippines a good chance towards economic prosperity. Negosyo Centers are people’s partners towards inclusive growth. This is part of the government’s commitment to encourage entrepreneurship among ordinary Filipinos,” said DTI Sec. Ramon Lopez.
As infrastructures of entrepreneurship, Negosyo Centers provide efficient services to MSMEs across the archipelago, including through provision of business mentoring services, information on market and access to money. These Centers are expected to bring in business opportunities to communities and MSMEs and contribute to countryside development.
MSMEs, backbone of the Philippine economic growth, have become a priority of President Duterte, with the DTI placing the sector’s development at the center of the trade agenda. The sector is composed of 99.6% of locally registered businesses, generating over one million jobs each year. Read More