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The president of the Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE), Paul Steiner, announced the creation of the country’s 15th CDMYPE, which will specialize in business acceleration and aim to boost the growth of 300 micro and small businesses by december of this year.
The new center will be developed in conjunction with the Fundación de Apoyo Integral and will aim to strengthen businesses with expansion potential, helping them increase their revenue, generate more jobs, and improve their competitiveness.
“This organization has committed to accelerating 300 businesses between now and december”, Steiner emphasized during an interview, in which he also explained that this new CDMYPE will focus on providing strategic support to existing businesses seeking faster and more sustainable growth.
The head of CONAMYPE noted that micro and small businesses currently represent 99.6% of El Salvador’s business sector, making them one of the main drivers of the national economy. As he explained, strengthening this sector is part of a strategy promoted by President Nayib Bukele’s administration to facilitate the formalization, modernization, and growth of startups and small businesses.
Steiner said that, following the reform of the MYPE Law, state institutions are obligated to simplify procedures and establish fees proportional to the size of each company, eliminating barriers that previously hindered business formalization.
“We have already begun to remove the obstacles to formalization”, he affirmed.
The president of CONAMYPE also recalled that in november 2023, President Nayib Bukele signed the Economic Integration Policy for Microenterprises, considered one of the most advanced formalization pathways in the region.
According to Steiner, this policy has sparked interest in other countries due to its focus on facilitating the incorporation of microenterprises into the formal system and expanding their growth opportunities.
Steiner stated that, following the reform to the MYPE Law, state institutions are obligated to simplify procedures and establish fees proportional to the size of each company, eliminating barriers that previously hindered business formalization.
“We have already begun to remove the obstacles to formalization”, he affirmed.
The president of CONAMYPE also recalled that in november 2023, President Nayib Bukele signed the Economic Integration Policy for Microenterprises, considered one of the most advanced formalization pathways in the region.
According to Steiner, this policy has sparked interest in other countries due to its focus on facilitating the incorporation of microenterprises into the formal system and expanding their growth opportunities.
Another program highlighted by the official was “MYPE 360°”, an initiative focused on promoting the digital transformation of Salvadoran micro and small businesses.
Through this program, CONAMYPE provides free training so businesses can modernize their operations and start using tools like electronic invoicing.
“We are providing free training, and that gives them the ability to start issuing electronic invoices”, he explained.
Steiner also highlighted programs focused on women’s entrepreneurship, through which incubation and acceleration processes are developed for businesses led by women.
He explained that participants who excel with their business plans can receive non-repayable capital to launch or strengthen their ventures.
In addition, the El Salvador Art and Design Festival was announced, scheduled for may 23 and 24 at Costa del Sol Recreational Park.
The event will bring together micro and small businesses dedicated to crafts, design, gastronomy, and other creative sectors, and will include fashion shows, live music, and sales spaces for national entrepreneurs.
With these initiatives, CONAMYPE seeks to strengthen the salvadoran business ecosystem, promote formalization, and generate greater growth opportunities for thousands of micro and small businesses throughout the country.
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