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REPUBLIC ACT NO. 9178 BARANGAY MICRO BUSINESS ENTERPRISES (BMBEs) Act of 2002

Republic of the Philipiines

2002

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Compendio :

Sec. 2. Declaration of Policy. — It is hereby declared to be the policy of the State to hasten the country’s economic development by encouraging the formation and growth of barangay micro business enterprises which effectively serve as seedbeds of Filipino entrepreneurial talents, and integrating those in the informal sector with the mainstream economy, through the rationalization of bureaucratic restrictions, the active intervention of the government specially in the local level, and the granting of incentives and benefits to generate much- needed employment and alleviate poverty.