The Department of Trade and Industry (DTI-XI) recently opened another Negosyo Center in the province of Davao del Norte in Panabo City.
DTI Provincial Director Romeo Castanaga told reporters that the Negosyo Center will provide business assistance services to micro, small, and medium enterprises (MSMEs) in the city.
The support services will include assistance on business registration, business advisory, and business information, monitoring and evaluation.
DTI-XI Regional Director Maria Belenda Ambi, who also joined the opening clarified that while the Negosyo Center supports aspiring entrepreneurs, it will not provide a direct financial assistance but will only facilitate financial grants from partner agencies and organizations that can be availed by the MSMEs.
City Mayor James G. Gamao, during the opening also announced that the city government of Panabo will offer capability training and soft loans to MSMEs and cooperatives through the Microbiz Program from the Public Employment and Services Office (PESO).
“The city can finance up to P5,000.00 per business through our PESO Microbiz Program, then through the Negosyo Center, it can provide basic guidance in running a business,” Gamao said.
At present, the DTI has established twenty (20) Negosyo Centers all over Davao region. A new business center was also opened last December 27 in New Corella town, Davao del Norte. (Vikki Amorio/CIO Panabo)
