MSME Clearinghouse:  Newsletter

arrow OAS MSME Newsletter: (April 2022):
This OAS MSME Newsletter is published by the Department of Economic Development of the Executive Secretariat for Integral Development (SEDI). It is dedicated to measures recently announced by OAS Member States to drive the economic recovery of micro, small and medium-sized enterprises (MSMEs). The policy responses vary from country to country and are specific to the economic circumstances of each Member State. Given that every day produces new developments, this inventory is in no way exhaustive.

Country Policy Responses


More than 1.6 million companies will benefit for being considered MSMEs

Currently, some 1,695,881 companies, self-employed, cooperatives and “monotributistas”, both employers and non-employers, have the current certificate to benefit from tax measures. The number means a growth of 220% compared to December 10, 2019. Having this active certificate allows MSMEs to access tax reductions, financing lines with subsidized rates, benefits for hiring new workers, technical assistance and inclusion in various programs carried out by the Ministry of Productive Development and other agencies of the Condition.

The National Government presented "SMEs for the World" to increase Argentine exports

During the announcement, the Ministry of Productive Development and the Ministry of Foreign Affairs, International Trade and Worship delivered a certificate of eligibility for the line of strategic investment projects to an international veterinary laboratory.

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Government announces renewed funding for the Women Entrepreneurship Knowledge Hub

As Canada works to finish the fight against COVID-19, the government is committed to ensuring a strong inclusive economic recovery that addresses systemic gaps and empowers women in the economy.

The Government of Canada announced a new contribution agreement totalling $4.25 million for the Women Entrepreneurship Knowledge Hub (WEKH), one of the pillars of the Women Entrepreneurship Strategy, a now $6 billion program to advance women’s economic empowerment. This funding will help the WEKH sustain its momentum, advancing its research and expanding its tools and resources to support diverse women entrepreneurs.

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Sercotec: Business Centers supported more than 200,000 entrepreneurs during 2021

In addition, during the last 14 months, 30 Centers have been inaugurated or reopened. Promote a business idea, increase sales or resume. These are some of the tasks that the Sercotec Business Centers have to support entrepreneurs completely free of charge.

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MSMEs and social enterprises in Colombia inspire other entrepreneurs to adopt the Collective Benefit and Interest Model

Within the framework of the Expo BIC fair, which took place on April 5, 6 and 7 at the Ágora de Corferias Convention Center in Bogotá, organizations such as Frutichar and Detonante shared the benefits and social and environmental impacts they achieved by adopting the Collective Benefit and Interest (BIC) model within their organizations.

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El Salvador

Workshop for women entrepreneurs

Women entrepreneurs from San Salvador, Santa Tecla, San Miguel, Usulutan, Sonsonate and La Libertad from the footwear, textile and clothing, agribusiness, chemical and natural cosmetics sectors participated in the activity.

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MINECO and the Guatemalan Chamber of Industries (CIG) sign cooperation agreement to promote entrepreneurship in the country

Within the framework of the Government Plan, and as part of the actions carried out by the Ministry of Economy (MINECO) for the benefit of the country's economy, a cooperation agreement was signed with the Guatemalan Chamber of Industry (CIG), to coordinate and promote development strategies, programs and projects to improve the capacities and development of entrepreneurs, micro-enterprises, small and medium-sized enterprises in the country.

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Government initiative: Fairs, support for entrepreneurs

After two years of the pandemic in Honduras, many sectors have been affected, some to a greater extent, such as the social sector of the economy (SSE) and the micro, small and medium-sized enterprises (MSMEs). For this reason, the National Entrepreneurship and Small Business Service (SENPRENDE), the Secretariat for Development and Social Inclusion (SEDIS) and some Municipal Mayor's Offices have developed a series of trade fairs for products made by entrepreneurs.

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Local Entrepreneurs to Benefit from JBDC Accelerator Program

Sixty local entrepreneurs within the micro, small, and medium-sized enterprise (MSME) sector are set to benefit from the Jamaica Business Development Corporation (JBDC) Accelerator Programme. The $60-million initiative is being funded jointly by the JBDC and the Development Bank of Jamaica (DBJ). The 60 entrepreneurs form the fourth cohort of the six-month Accelerator Programme, which includes six modules, focusing on strategy development, financial management, marketing and sales, operational improvement, digital transformation, and business valuation. Participants will also benefit from training, mentorship, networking, increased sales, business growth, and financing opportunities.

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The Ministry of Economy, through the IMPI, promotes the strengthening of MSMEs and the protection of their industrial property

The Ministry of Economy, through the Mexican Institute of Industrial Property (IMPI), convened the Secretaries of Economic Development (Sedeco) and their counterparts from the 32 states of Mexico interested in promoting economic development through Micro, Small and Medium-Sized Enterprises (MSMEs), to participate in the signing of the adhesion agreements to the "Differential Price Campaign as IMPI's contribution to the 2022 Economic Reactivation Plan".

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Ampyme launches Seed Capital contests for 2022

Calls for applicants are being held in specific geographical areas throughout the country. Applicants must provide documentation and meet established requirements plus complete 40 hours of training. Winners will be chosen based on a business plan and presentation during the contest.

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Circular Opportunities Program will allow financial support for the implementation of MSME production projects

The Program aims to promote the implementation of business projects based on circular economy, to contribute to an effective transition of tParaguayan productive sector towards more sustainable production models.

Access to financing by MSMEs and entrepreneurs, will be discussed in a workshop

The Ministry of Industry and Commerce (MIC), together with the Ministry of Finance (MH) and the Inter-American Development Bank (IDB), will hold a workshop called "Access to financing for MSMEs and Entrepreneurs in Paraguay: Changing the Paradigm”.

REEMUJERPY Project: women entrepreneurs from all over the country are invited to access seed capital

The country's women entrepreneurs, owners of micro, small and medium-sized enterprises, are invited to participate in the REEMUJERPY project, which will allow them the opportunity to access seed capital of 12 million guaraníes to support the start of their businesses.

MIC and CAPACE (Chamber of Electronic Commerce) signed an agreement to expand the participation of more MSMEs in electronic commerce

Large companies have an 85% share of e-commerce transactions in Paraguay. The Ministry of Industry and Commerce (MIC) and the Paraguayan Chamber of Electronic Commerce (CAPACE) signed a training agreement to allow micro, small and medium-sized enterprises to have more opportunities and prominence in the commercialization of products through this type of economic transaction.

Program created and financed by the MIC benefits some thirty industrialized micro-enterprises

Taking into account the need to give a strong boost to micro, small and medium-sized enterprises, the Ministry of Industry and Commerce (MIC), through the Vice Ministry of MSMEs, created the Formalization Program for Market Access (PFAM) a year ago. The main objective is to strengthen the industrial sector of micro-enterprises, in the areas of food, beverages and household items, thus seeking the generation of relevant conditions for their products to enter the formal market, strengthening their competitiveness and allowing the planning of a growth sustained based on agreements and contracts with the marketing chains.

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Produce launches "Timely Payment" platform to encourage SME customers to regularize their payments

The Ministry of Production presented the Timely Payment platform, with the aim of promoting a culture of timely payment and encouraging the negotiation of invoices, to the benefit of the competitiveness and productivity of companies throughout the country, especially SMEs.

The Timely Payment Platform is a virtual tool where SMEs can register their pending payment invoices, encouraging their clients to regularize their payments in a timely manner. In addition, this platform will allow PRODUCE to take further improvement actions and sanction companies that prevent the use of factoring.

Produce, Indecopi and Asociación PYME Perú present instructions for the reactivation of gastronomic SMEs

The Ministry of Production, through the National Program Your Company and in alliance with the Peruvian SME Association and the National Institute for the Defense of Competition and the Protection of Intellectual Property (INDECOPI), presented this Monday in Arequipa the "Instructions for the improvement of service in the gastronomic MYPES”.

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United States

SBA Announces the Launch of Inaugural America’s Seed Fund Expo Competition for Small Businesses, Startups and Inventors, using SBIR Developed Technology

This is a new initiative aimed at identifying innovative startups and supporting them with resources to help them scale, grow, and thrive. This competition comes in the midst of a historic economic recovery and record growth in new business applications as American entrepreneurs continue to start and grow their businesses and startups.

SBA amends small business size standards in 16 industry sectors to increase eligibility for its federal loan and contracting programs

The Federal Small Business Administration (SBA) issued four final rules to modify small business size standards based on income in 16 sectors of the North American Industry Classification System (NAICS). These rules will increase small business eligibility for SBA's federal loan and contracting programs to an additional 59,000 businesses. The final rules are part of the second five-year review of size regulations, required under the Small Business Employment Act of 2010.

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