SM Supermalls gives back to the MSME community with opportunities to support their growth.
This is AI generated summarization, which may have errors. For context, always refer to the full article.SM Supermalls continues its commitment to empower and enrich the growth of local micro, small, and medium enterprises by building a thriving ecosystem of entrepreneurship and innovation.
In line with this, SM Supermalls continues to implement various programs and plan opportunities for MSMEs to grow their customer base through the vast network of SM malls in the country. With 67% of its tenants being MSMEs, these programs empower entrepreneurs by providing them with accessible and affordable prime retail spaces in SM’s high-foot traffic malls, as well as helpful packages to support their growth.EVERYTHING LOCAL.
Last May, the Department of Trade and Industry introduced the fourth iteration of the national MSME Development Plan geared to reduce operational costs and eliminate barriers for new entrepreneurs. Through the plan’s implementation, the DTI hopes to grow the number of registered MSMEs, improve their contribution to the larger local economy, and support continual job creation.
“SM for MSMEs offer scalable packages to businesses in the communities around SM malls. For as low as P500 per day, small scale businesses can rent a booth in SM’s high-foot traffic venues during regular exhibits and special events. The program currently has 633 purveyors nationwide, providing an affordable and strategic platform for entrepreneurs to sell their products and reach the right market.SPOTLIGHT ON STARTUPS.
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