Enhancing local businesses

Reinforcing local industries
Improving small work establishments

Description

Enhancing local businesses involves implementing targeted support measures—such as access to financing, skills training, market development, and regulatory simplification—to strengthen their competitiveness and sustainability. This strategy aims to remedy challenges like limited resources, market access barriers, and vulnerability to external shocks. By fostering innovation, collaboration, and local supply chains, it empowers communities, generates employment, and stimulates resilient economic growth at the grassroots level.