TARLAC CITY: Businessmen in Tarlac are bracing to strike for more development programs in response to the call to prioritize and strengthen the micro-small-medium enterprises (MSMEs).
Philippine Chamber of Commerce and Industry (PCCI) Tarlac president and Tarlac SME Development Council (SMEDC) chairman Alvin Belarmino revealed this during the recent Assessment-Planning and Benchmarking in Iloilo City and Guimaras.
There, Belarmino said local SMEs must be given attention as crucial partners in economic development, especially that Tarlac is among the provinces in Central Luzon gaining momentum in economic stature, surpassing even the national economic growth rate.
With a total of 900,914 registered establishments wherein 99.54 percent are MSMEs, he underscored that access to finance and non-ideal business climate in the province were just some of the problems they face.
“Our challenge as a council is to address these problems and decrease the mortality rate of MSMEs in Tarlac,” he said.
To make this happen, Belarmino cited the 7Ms Way of Uplifting MSMEs to efficiently and effectively address such issues and requirements.
“First, the Mindset Change through the Negosyo Center seminars, SME Roving Academy and the Kapatid Mentor Me Program in partnership with the Department of Trade and Industry (DTI),” he noted.
MSME businessmen could also be taught the mastery of the business plan, product development and basic rules of market opportunities through experience coaching and mentoring of industry experts in partnership with private sector members, as well as provided access to funding.
“To ensure the quality production, we must equip them with the must-have knowledge on equipment and right tools through the Shared Service Facilities. Additionally, let us promote their products and help them in business name application registration, permits and other requirements,” Belarmino added.
As attached organization to the DTI, the SMED Council is responsible for the promotion, growth and development of SME’s in the country and in facilitating national efforts in SME development.