Small and medium enterprises account for almost all of Salvadoran businesses, employing more than one-third of El Salvador’s workforce and contributing nearly half of the country’s gross domestic product.
By improving economic growth for a significant portion of the business sector, the Small and Medium Enterprises Development Program is building the capacity of micro, small, and medium enterprises to increase their productivity, competitiveness, and access to business services and the market. A sustainable business expansion will contribute to the Salvadoran economy’s ability to grow and expand job creation.
In affirming USAID’s objective for a more open, diversified, and expanded economy in El Salvador, small and medium enterprise partners with the Ministry of Economy to implement institutional improvements to assist small and medium enterprises to become more productive and competitive. The project also supports expansion of business activities in the domestic and export markets to increase opportunities for the people of El Salvador.
- Improve the capacity of public institutions and private sector organizations to provide higher-quality and coordinated export assistance to small and medium enterprises.
- Additional resources are leveraged by private sector organizations committed to participating in this effort through formation and operation of more efficient business groups, export conglomerates, value chains, and other forms of business networking.