Abstract
This study assessed the level of awareness and extent of utilization of the Barangay Micro Business Enterprises (BMBE) incentives and benefits, as well as to evaluate the growth status of these enterprises in the Municipality of Gubat, Sorsogon. The research focused on understanding the profile of BMBEs, their awareness of available incentives, the extent of utilization of these incentives, and the strategies employed to improve sales and capital. Data were collected from 26 respondents through surveys and analyzed using descriptive statistics. The study employed a mixed-methods approach, combining quantitative data on business profiles and awareness levels with qualitative insights into the utilization of incentives and benefits. The findings revealed that BMBEs in Gubat, Sorsogon, are predominantly engaged in service or merchandising businesses, with no involvement in manufacturing. Most BMBEs operate with minimal start-up capital and have been in operation for 0 to 3 years. The level of awareness among BMBE owners regarding available incentives and benefits is generally low, leading to underutilization of support mechanisms. Micro-businesses rarely receive support in technology transfer, production and management training, and marketing assistance. Key factors contributing to their success include access to capital, skills development, effective marketing, efficient financial management, regulatory compliance, networking, and a focus on product development and market research. The study highlighted the need for increased awareness and better utilization of BMBE incentives and benefits. Recommendations include encouraging diversification into manufacturing, implementing comprehensive awareness campaigns, increasing the availability of support programs, and regularly updating business plans to ensure relevance and effectiveness. By fostering a supportive ecosystem, the full potential of BMBEs can be unlocked, driving economic development and creating thriving communities in Gubat, Sorsogon.
Keywords: BMBE, Incentives, Awareness, Utilization, Growth, Buisness Management and Credit Delivery.
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