The Small and Medium Enterprises Administration (SMEA) Organizes the Buying Power Award

Supporting Social Enterprises

Empowering Growth and Sustainability

The Small and Medium Enterprises Administration (SMEA) is dedicated to fostering the development and success of small and medium-sized businesses. As part of this mission, SMEA has established the Buying Power Award, a prestigious recognition that celebrates the contributions of social enterprises to the economy and community.

Social enterprises are businesses that operate with a dual mission: to generate profits while also addressing social or environmental issues. They play a vital role in creating jobs, providing essential services, and promoting sustainable practices. The Buying Power Award recognizes the outstanding achievements of social enterprises in these areas.

The award is open to all social enterprises operating in the Philippines. Applications are evaluated based on a range of criteria, including the enterprise's social impact, financial sustainability, and innovation. Each year, a select number of enterprises are chosen to receive the award, which includes a cash prize and mentorship support from SMEA.

The Buying Power Award has been a significant catalyst for growth and sustainability for many social enterprises. The award provides these businesses with recognition, credibility, and resources that enable them to expand their operations, reach more customers, and make a greater impact on their communities.

Conclusion

The Small and Medium Enterprises Administration (SMEA) is committed to supporting the development of social enterprises through initiatives like the Buying Power Award. These businesses play a crucial role in creating a more inclusive and sustainable economy, and SMEA is proud to provide them with the resources and recognition they deserve.