The Quezon City Council approved today (Monday) the city’s Sustainable Recovery Plan, containing the policy and program directions the city intends to take in order to bounce back from the negative effects of the community quarantine.
Among several programs in the resolution sponsored by Majority Floor Leader Franz Pumaren is an economic stimulus package that partially subsidizes the salaries of employees of qualified enterprises to help micro and small businesses weather the impact of the coronavirus disease 2019 (COVID-19) pandemic.
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).
“Ito’y isang paraan para makatulong sa mga maliliit na negosyo na matagal din nagsilbi bilang matibay na haligi ng ekonomiya ng ating siyudad,” said Belmonte.
“This program aims to help our micro and small entrepreneurs meet ongoing business costs by providing wage subsidies that can help keep their employees and business operations until they get back on their feet,” she added.
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.
“Micro enterprises that are forced to suspend or reduce business operations, experienced revenue decrease or loss, those currently operating or plan to re-open by July 2020 can also apply,” Yap added.
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.
“After we validate all submitted information, we will notify all eligible micro and small business enterprises that will receive the wage subsidy,” LEIPO action officer Perry Dominguez said.
Meanwhile, Dominguez shared that this program will help registered small enterprises retain their employees and likewise assist in business operations.
“This pandemic has affected everyone’s financial resources. But through this program, small entrepreneurs will no longer need to let go of their employees and their employees will still be able to provide for their families,” Dominguez said.