QC LGU earmarks P700M recovery plan for SMEs

in News

Published June 30, 2020, 11:00 AM

By Joseph Pedrajas

The local government of Quezon City will be allocating P700 million as a recovery plan for small and micro enterprises (SMEs) affected by the coronavirus disease (COVID-19) crisis in the city.

Quezon City Logo (MANILA BULLETIN)

Mayor Joy Belmonte said in a statement that the fund will be used to partially cover the wages of employees of qualified businesses.

This came after the city council approved on Monday the Sustainable Recovery Plan, which contains the policy and program directions for the city “to bounce back from the negative effects of the community quarantine.”

“This program aims to help our micro and small entrepreneurs meet ongoing business costs by providing wage subsidies that can help keep their employees

Read More QC LGU earmarks P700M recovery plan for SMEs

Photo Credit: Manila Bulletin

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