Government Assistance Offered to Businesses
The survival and growth of the business sector will reduce unemployment, increase GDP and foreign exchange earnings. This sector must therefore be support and encouraged by government.
Government assists local businesses by providing loans at low interest rates.
Protecting local industries
Custom duties charged on imported goods to protect local producers
Reduced tax rates or tax holidays offered to industries will encourage production.
The cost of production is subsidised to reduce this cost to producers. For example, a subsidy offered on fertilizer to farmers.
Local and international trade shows as well as general advertisements promoting business locally and overseas, for example, advertisements encouraging tourist to visit the region.
Government agencies set up to provide technical and managerial training.