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Wednesday, May 6, 2015

Search for SME rising star is on in Zambo. Norte

By Mary May A. Abellon

DIPOLOG CITY – The Department of Trade and Industry (DTI) has announced during the 1st Provincial Micro, Small and Medium Enterprise Development Council (PMSMEDC) meeting held recently at Grandma’s Best here that the search for the SME Rising Star Award is now open for nomination.

This award will be conferred to outstanding MSMEs in the province with one awardee from each enterprise.

Accordingly, the micro, small and medium enterprises (MSMEs) represent the 99.6 percent of all businesses in the country, employing 61.2 percent of the total labor force.

SME Star Program aims to support and give due recognition to outstanding MSMEs which persevere to improve their growth both in domestic and foreign markets.

Business enterprises engaged in manufacturing, agri-business, services and the creative industries can be nominated for the said awards by any government agency and/or private organization.

Moreover, MSMEs may also submit self-nominations to the provincial MSMED Council through the DTI-Provincial Office, which serves as secretariat of PMSMEDC.

Any nominee must have an asset size of not more than P100 million at the time of nomination and be duly registered with appropriate government agencies.

Other criteria would be the non-derogatory record, operation for at least three years and preferably has to be in operation for not more than four years of as a rising star awardee.

The selection of winners shall be based on growth in sales, in employment, in investment and good practices shall be noted.

Meanwhile, there will also be an SME Star Elite Award for the regional level and SME Star Presidential Award on the national level.