DTI starts Ilocos Sur OTOP Hub for folks, entreps
>> Saturday, August 19, 2023
VIGAN,
Ilocos Sur – Dept. of Trade and Industry (DTI) Sec.y Fred Pascual led the
launching of the One Ilocos Sur One Town-One Product (OTOP) Hub Aug. 13 at the
sidelines of his trip in Ilocos to attend the Post-SONA Philippine Economic
Briefing (PEB).
"As the backbone of our economy, micro, small, and medium enterprises (MSMEs) play a vital role in shaping the Philippine economic landscape,” Pascual said in his speech. “They address poverty by generating employment opportunities. They serve as breeding grounds for budding entrepreneurs. These small enterprises spark development in rural areas."
A thriving MSME sector, the DTI Secretary said, reflects a dynamic and progressive economy. The DTI works collaboratively with the private sector to assist MSMEs in product development, access to finance, market access, and quality control, among others.
The One Ilocos Sur OTOP Hub is a new market platform for Ilocano OTOPreneurs.
It showcases products from two cities and 32 municipalities. It shows Ilocano creativity and resilience, especially amid the recent onslaught of typhoon Egay. The hub is a project of the DTI Ilocos Sur Provincial Office through the OTOP Next Gen Program, in collaboration with the Provincial Government of Ilocos Sur.
"As the product landscape continues to evolve, bolstering market access becomes increasingly imperative. And the OTOP Philippines Hub has emerged as an adaptive and versatile platform that effectively addresses this critical need. Thus, the traditional pasalubong centers transform into vibrant spaces that go beyond mere product display," Pascual said.
During the launching, Secretary Pascual also signed a memorandum of agreement with Gov. Jeremias V. Singson to establish the One Ilocos Sur OTOP Hub within the Provincial Farmers Livelihood Development Center located in Vigan, free of charge.
Pascual assured Ilocano MSMEs the DTI will continue to provide both capacity building and financial assistance through its financing arm—Small Business Corporation (SBCorp), especially to victims of typhoon Egay and other disasters.
The main cooperator for the One Ilocos Sur OTOP Hub is the Ilocos Sur Export Enterprises Distribution Marketing Cooperative (ISEED).
"As the backbone of our economy, micro, small, and medium enterprises (MSMEs) play a vital role in shaping the Philippine economic landscape,” Pascual said in his speech. “They address poverty by generating employment opportunities. They serve as breeding grounds for budding entrepreneurs. These small enterprises spark development in rural areas."
A thriving MSME sector, the DTI Secretary said, reflects a dynamic and progressive economy. The DTI works collaboratively with the private sector to assist MSMEs in product development, access to finance, market access, and quality control, among others.
The One Ilocos Sur OTOP Hub is a new market platform for Ilocano OTOPreneurs.
It showcases products from two cities and 32 municipalities. It shows Ilocano creativity and resilience, especially amid the recent onslaught of typhoon Egay. The hub is a project of the DTI Ilocos Sur Provincial Office through the OTOP Next Gen Program, in collaboration with the Provincial Government of Ilocos Sur.
"As the product landscape continues to evolve, bolstering market access becomes increasingly imperative. And the OTOP Philippines Hub has emerged as an adaptive and versatile platform that effectively addresses this critical need. Thus, the traditional pasalubong centers transform into vibrant spaces that go beyond mere product display," Pascual said.
During the launching, Secretary Pascual also signed a memorandum of agreement with Gov. Jeremias V. Singson to establish the One Ilocos Sur OTOP Hub within the Provincial Farmers Livelihood Development Center located in Vigan, free of charge.
Pascual assured Ilocano MSMEs the DTI will continue to provide both capacity building and financial assistance through its financing arm—Small Business Corporation (SBCorp), especially to victims of typhoon Egay and other disasters.
The main cooperator for the One Ilocos Sur OTOP Hub is the Ilocos Sur Export Enterprises Distribution Marketing Cooperative (ISEED).
It also features 46 exhibitors or MSMEs from
Ilocos Sur that the OTOP Hub is assisting.
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