Effectiveness of the Implementation of Barangay (Community) Micro Business Enterprise Law

Abstract

Barangay (Community) Micro Business Enterprise (BMBE) refers to any business entity or enterprise engaged in the production, processing or manufacturing of products or commodities, including agro-processing, trading and services, whose total assets including those arising from loans but exclusive of the land on which the particular business entity's office, plant and equipment are situated. The government is encouraging those unregistered businesses to come out and be integrated with the mainstream of the economy.

A registered BMBE may avail sumptuous of benefits such as exemption from taxes, exemption from minimum wage law, technology transfer, production, and management training, and marketing assistance, and credit delivery from government institutions where in there are already more than ten thousand (10,000) registered BMBEs in the Philippines majority of them are in Metro Manila. The government believes that strengthening BMBEs would create employments and livelihoods and bring a better quality of life for the Filipinos. The City of Manila embraces a lot of small-time business players. The local government continues to encourage more investors and develop more strategies in order to intensify the economic progress of the city.

This study aims to assess the Effectiveness of the Implementation of Barangay (Community) Micro Business Enterprise Law in the City of Manila in terms of Local Government Unit (LGU) support, information, education and communication, social acceptance, and economic impact to community and government and determine the challenges and issues encountered during business activities. The researchers randomly selected one hundred (100) registered microenterprises owners from 2010 up to 2016 in good standing from the selected areas in the City of Manila. To answer and analyze the problems specifically, the following statistical tools were used:  frequency and percentage, weighted mean.  Findings shows that the implementation of Barangay Micro Business Enterprise Law in the City of Manila is effective in terms of local government support, information, education and communication, social acceptance, and economic impact to community and government.