MAKATI GOV’T WILL GRANT UP TO P100-K SUPPORT TO LOCAL BUSINESSES
Makati Mayor Abigail Binay, on Monday, said the city government plans to grant up to P100,000 to around 78,000 small businesses in the city so they won’t shut down, and they can keep employing their staff.
In a Facebook Live video, Binay said the P2.5 billion program is part of the city’s initiative to pump-prime its local economy, keep its citizens employed, and prevent Makati-based businesses from shutting down permanently.
“Hindi po ito utang. Tulong po ito sa mga negosyante ng Makati,” Binay said.
Binay said that for locally-based businesses to qualify, they will need to commit to staying open for two years, and they should not lay off their employees who are Makati residents.