Go Negosyo Act of the Philippines

http://www.bamaquino.com/republic-act-no-10644-go-negosyo-act/

Act that seeks to strengthen micro, small and medium enterprises (MSMEs) to create more job opportunities in the country. (gov.ph, 2014)

Retrieved from: http://www.gov.ph/2014/07/15/republic-act-no-10644/

“The Go Negosyo Act gives Filipinos – from a simple housewife to ordinary employee – a chance to establish their own business that will help sustain their everyday needs and for their families.” (gov.ph, 2014)

Retrieved from: http://www.gov.ph/2014/07/15/republic-act-no-10644/

Declaration of Policy

⊸ to foster national development⊸ promote inclusive growth⊸ reduce poverty**by encouraging the establishment of MSMEs that facilitate local job creation, production and trade in the country.

Negosyo Centers

http://dti.gov.ph/programs-projects/negosyo-center

MSMED Council(Micro, Small and Medium Enterprise Development)

⊸shall supervise Negosyo centers all over the country.

⊸shall encourage public-private partnerships.

⊸shall be responsible for promoting ease of doing business and facilitating access to services for MSMEs within its jurisdiction

⊸shall perform oversight functions and shall assign personnel to fulfill the functions of the Negosyo Centers

Functions of Negosyo Centers

a. Business Registration Assistance

b. Business Advisory Services

c. Business Information and Advocacy

d. Monitoring and Evaluation

a) Business Registration Assistancei. Accept and facilitate all new registration and renewal

application of MSMEs and Barangay Micro-Business

Enterprise (BMBE);

ii. Coordinate with the respective LGUs and liaise with

concerned government agencies to process the duly

accomplished forms submitted by the MSMEs;

iii. Implement a unified business registration process

preferably through automated systems such as the

Philippine Business Registry (PBR);

b) Business Advisory Servicesi. Assist MSMEs in meeting regulatory requirements to

start and maintain the business;

ii. Build local support networks and establish market

linkages for MSME development through the Micro,

Small and Medium Enterprise Development

(MSMED) Council and DTI;

iii. Facilitate access to grants and other forms of

financial assistance, shared service facilities and

equipment, and other support for MSMEs through

national government agencies (NGAs);

iv. Ensure management guidance, assistance and

improvement of the working conditions of MSMEs;

v. Co-organize with the local chambers of commerce, other

business organizations and government agencies, a

mentoring program for prospective and current

entrepreneurs and investors;

vi. Conduct other programs or projects for entrepreneurial

development in the country aligned with the MSMEs

development plan

c) Business Information and Advocacyi. Provide information and services in training, financing,

marketing and other areas as may be required by MSMEs;

ii. Establish and maintain a databank which will support

business information requirements of MSMEs;

iii. Promote ease of doing business and access to services for

MSMEs within its jurisdiction;

iv. Support private sector activities relating to MSMEs

development;

v. Encourage government institutions that are related to

the business application process to help promulgate

information regarding the Negosyo Center;

vi. Coordinate with schools and related organizations on

the development of youth entrepreneurship program;

vii. Encourage women entrepreneurship through access to

information, training, credit facilities, and other forms

of assistance.

d) Monitoring and Evaluationi. Monitor and recommend business-process

improvement for MSMEs;

ii. Establish a feedback mechanism among the MSMEs

in the respective jurisdiction of Negosyo Centers.

e) Perform such other functions that may be assigned by the MSMED Council as germane to RA 10644 and other related laws.

Who can avail the services offered bynegosyo centers?

Any person, natural or juridical, having the qualifications as defined in Section 3 c) of the Republic Act No. 9178 may avail of the services.

“Business enterprise engaged in production, processing, or manufacturing of products, including agro-processing, as well as trading and services, with total assets of not more than P3 million.”

(RA No. 9178) “Barangay Micro Business Enterprises (BMBEs) Act of 2002.” "Assets" refers

to all kinds of properties, real or personal, owned by the BMBE and used for the conduct of its

business as defined by the SMED Council: Provided, That for the purpose of exemption from taxes

and fees under this Act, this term shall mean all kinds of properties, real or personal, owned and/or

used by the BMBE for the conduct of its business as defined by the SMED Council.

Who are the members of the MSMED Council?

DTI, DA, DILG, representativesfrom MSMEs and women sectors andSmall Business Corporation, advisoryunit ( gov agencies, gov and privatefinancing institutions, labor andacademe representatives.)

Negosyo center at Butuan

Retreieved from:

http://www.bamaquino.com/gonegosyoact/

Conclusion

The Go Negosyo Act seeks topromote and improve the micro, small andmedium enterprises (MSME’s), by providingincentives, programs and other services.

Through the combined effortsfrom the government and privateinstitutions to support the go negosyo, wecan rest assured that every town andprovince will be provided with anadequate support to improve their localenterprise.

Resources

http://www.gov.ph/2014/07/15/republic-act-no-10644/

http://www.dti.gov.ph/programs-projects/negosyo-center/go-

negosyo-act

http://www.bamaquino.com/gonegosyoact/

http://www.bamaquino.com/republic-act-no-10644-go-negosyo-act/