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‘Di na mabubutas bulsa! QC Council approves recovery plan for MSEs

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The Quezon City Council has approved a recovery plan for micro and small enterprises (MSEs) so they can get back to business amid the COVID-19 pandemic.

Quezon City Mayor Joy Belmonte said the local government has earmarked P700 million for micro and small businesses under the “Kalingang QC Para sa Negosyo” program of the QC Small Business and Cooperatives Development and Promotions Office (SBCDPO) and Local Economic Investment Promotions Office (LEIPO).

The program aims to help micro and small entrepreneurs meet ongoing business costs by providing wage subsidies that can help keep their employees and business operations running.

According to SBCDPO head Mona Celine Yap, eligible micro and small businesses stand to receive wage subsidies from July to September.

“Interested enterprises can start applying for the wage subsidy from July 6 to 20, 2020. No application shall be accepted after the application period,” said Yap.

Quezon City-registered micro-enterprises with less than nine employees and/or with an asset size or capitalization of up to P3 million, such as, but not limited to, sari-sari stores, canteens, laundry shops, computer shops, printing shops, among others, may avail of the program.

Active employees of qualified micro business enterprises, whether regular, probationary, regular seasonal, project-based, or fixed-term, are eligible under the program.

Small businesses registered in Quezon City that have 10-99 employees and/or with an asset of more than P3 million up to P15 million can apply. Guidelines and conditions for qualified small businesses will be released soon. Interested enterprises may apply through the QC E-Service Portal.