DTI Opens Two Negosyo Centers in Cebu


Those who wish to start their own business in Cebu may now do so through the new Negosyo Centers in Cebu City.

Entrepreneurs or those aspiring to start their own business have a place to go if they need help with the opening of two Negosyo Centers in Cebu City.

Stationed inside the offices of the Department of Trade and Industry (DTI) 7 and DTI-Cebu offices in dowtown Cebu City, Negosyo Centers are one-stop shops built to address the needs of micro, small and medium enterprises (MSMEs).

“The Negosyo Center is a one-stop shop of services intended to support startup and existing enterprises,” said DTI 7 Director Asteria Caberte during the opening of the Negosyo Center at the DTI Cebu.

The Negosyo Centers will offer three core services: business registration assistance; business advisory in the areas of product development, market access, financing, and investment promotions; and business information and advocacy.

These centers were created to comply with Republic Act 10644 or the Go Negosyo Act authored by Sen. Paolo Benigno “Bam” Aquino IV and signed by President Benigno Aquino III into law last July 2014. It aims to promote job generation and inclusive growth through the development of MSMEs in the country.

In Central Visayas, Negosyo Centers had previously opened in Siquijor, Bohol, and Negros Oriental. Today, DTI will lead the opening of a Negosyo Center in Bogo, City.

Trade officials have expressed confidence that the creation of the Negosyo Centers in Cebu will be sustainable, as the local business community have assured full support to the center in the form of trainings and mentorship.

In the area of financing, the Negosyo Center will pool financing institutions that can readily assist entrepreneurs. DTI-Cebu Director Nelia Navarro said RAFI (Ramon Aboitiz Foundation, Inc.) and Microfinance and Small Business Corp. (SB Corp.) will offer their loan products to MSMEs in the Negosyo Centers. The official has also called on to more financial institutions to take active involvement in the Negosyo Center. – BusinessNewsAsia.com