Fostering Entrepreneurship and Small Business Growth in Chile

Media Note
Bureau of Western Hemisphere Affairs
Washington, DC
January 5, 2015


On January 5, Chilean Minister of Economy Luis Felipe Céspedes launched the call for proposals for Chile’s new small business development center (SBDC) network modelled on the U.S. network of SBDCs supported by the Small Business Administration. The United States congratulates the Government of Chile on this important achievement, and takes pride in its role in support of Chile’s efforts under the auspices of a memorandum of understanding on cooperation to promote the growth of small business and entrepreneurship which was signed on June 30, 2014 by Secretary of State John Kerry and Chilean Foreign Minister Heraldo Muñoz. 

Following the exchange of technical delegations, the Department of State has provided training for more than 650 Chilean government and university officials, representatives of local chambers of commerce, and other business service providers that will collaborate on operating Chile’s new network of 50 centers.  Training has been carried out by the University of Texas San Antonio which operates one of the United States’ leading small business development centers. 

Chile’s new nationwide network is designed to assist tens of thousands of small businesses, including specialized services for women entrepreneurs.   The network will be capable of linking with thousands of centers throughout the Western Hemisphere via the Small Business Network of the Americas which President Obama launched in 2012 at the Summit of the Americas. 

The partnership between the United States and Chile on facilitating small business growth creates jobs and accelerates economic prosperity in both countries. 

For more information on SBNA please see www.youtube.com/watch?v=xf-4ejhxDPk

For information in Spanish on Chile’s small business development center network please see http://www.sercotec.cl/Ayuda/HechosDeVida/ConcursoP%C3%BAblicoAgentesOperadores.aspx?retid=56.