Last updated on February 11th, 2021
The small business sector has always played a crucial role in the Quezon City economy. Given unprecedented challenges brought about by the pandemic, and to help micro and small businesses weather its impact, the Quezon City Council approved 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) last June 29, 2020, as part of the city’s Sustainable Recovery Plan.
This program aims to boost the local economy of Quezon City by providing financial assistance to registered small enterprises, and is geared towards helping small businesses recover and encouraging continuous employment of Quezon City residents. The assistance is not a loan, but an aid to be received by qualified beneficiaries, subject to set qualifications and conditions.
For the first phase of the program, the PhP 700 million budget for the program will be used to subsidize the salaries of QC micro and small business employees within a three-month span. For the second phase of the program, the Kalingang QC Para sa Negosyo financial assistance program will focus on granting businesses the much-needed funds to remain operational and to support their labor force. The program’s current measure of success is in the number of applications and people who are interested to apply, while its future measure of success lies in the total number of businesses and employees who have benefited from the program.