Makati Local Government, to Grant P100K Support to Local Businesses

The Makati City government is planning to grant around 78,000 local small businesses with the financial assistance of up to P100,000 in order for them to stay afloat amidst the current crisis brought by the pandemic.

Makati City Mayor Abigail Binay said that the P2.5 billion program aims to boost its local economy, preserve the jobs of its citizens, and keep the Makati-based businesses from permanently closing.

She emphasized that the grant is not a loan.

“Tulong po ito sa mga negosyante ng Makati,” the Mayor said.

She explained that for a local business to qualify, they have to commit that they will remain operational for two years and that they should continuously employ Makati residents.

Mayor Binay also said that Makati will lower its local business tax rare for online sellers to encourage them to become government-registered businesses.

“You register, you pay the lowest business tax and be recognized as a legitimate business entity para matulungan naming kayo dahil nakarehistro kayo sa amin,” Mayor Binay said.

Mayor Binay

Image: Facebook/My Makati

Furthermore, she also shared that the local government recognizes that restaurants cannot survive the crisis if they cannot fully operate because of the imposition of curfew hours.

To support restaurants in Makati, Binay said that they will be implementing a travel window during curfew hours. According to her, it will allow Makati residents to patronize their favorite restaurants and businesses within the city up to 10 P.M. and return to their residences without violating the curfew.

Makati residents will only need to show a machine-generated BIR official receipt as proof that they were at the specified Makati establishment from 9 P.M. to 10 P.M.

However, she also emphasized that this travel window is only applicable to Makati residents dining in Makati.

Assistance to educators

Earlier, the Makati Public Information Office said that the local government is looking for personnel for the soon-to-be-launched Makati Mobile Learning Hub Project. The initiative is an educational platform that will make rounds within the city to provide support to students and their parents.