The Finance Commission of the Bogotá Council approved a pioneering agreement project that will allow family businesses and neighborhood enterprises in the city to access commercial incentive packages, strengthening their sustainability, productivity and inclusion in the market.
The initiative, led by councilor Julián Sastoque, establishes differentiated accompaniment routes and new visibility and support tools, with the aim of facilitating the growth of thousands of small businesses that constitute the economic and social fabric of the capital.
The agreement, which is now moving towards its implementation, contemplates access to support for business formalization, administrative strengthening, digital transformation, innovation, sustainability, access to markets, financing, internationalization and networkingall adjusted to the stage of maturity and needs of each company or venture.
The District Secretariat of Economic Development and other entities will be responsible for articulating the institutional offer, taking advantage of existing resources and programs to avoid cost overruns or additional bureaucracy.
One of the pillars of the initiative is the incentive for innovation and diversification. Stimuli are provided so that business owners and neighborhood entrepreneurs can adopt good practices, optimize processes, strengthen business models and adapt to new technologies, thus contributing to the competitiveness and efficiency of their work.
Besides, The agreement promotes the simplification and digitalization of procedures, committing the district to making procedures clearer and more accessiblerelying on digital platforms and the network of services such as Cade and SuperCade.
The proposal also recognizes the importance of cooperativization and associative work, encouraging businesses to organize as associations or cooperatives to strengthen their negotiation capacity, access financing and improve their competitiveness. Information and guidance on the benefits of the solidarity economy will be promoted, facilitating integration with suppliers, clients and business support actors.
A notable aspect of the agreement is the creation of temporary incentives for the generation and maintenance of formal employment, especially in family businesses and neighborhood ventures that manage to formalize labor relations and guarantee affiliation to social security.
These supports, which will be granted through public calls and will be subject to requirements and evaluations, do not constitute permanent wage subsidies, but rather a temporary stimulus for those who need it most.
The project places special emphasis on inclusion and a differential approach, prioritizing the participation of women, mothers who head households, young people, caregivers and the elderly, as well as coverage in localities with high rates of poverty, informality and vulnerability. In this way, the agreement seeks to guarantee that incentives reach those who have traditionally faced greater barriers to the development of their productive initiatives.
In terms of commercial visibility, The creation of a public digital platform will be strengthened where each family business and neighborhood enterprise can host photographsbasic information and contact information, facilitating its promotion, connection to markets and productive memory.
The tool will take advantage of existing institutional platforms and will allow recognition of the history and culture of community development, as well as the traditional productive forms that have sustained the neighborhoods of Bogotá.
The specific regulations on how these benefits will be applied must be issued within a maximum period of six months after the entry into force of the agreement. For the identification and segmentation of beneficiaries, technical tools will be used such as the Business Maturity Index Diagnosis (Dime), which will allow support routes to be customized according to the growth potential and capabilities of each business.
In summary, Agreement 300 of 2026 of the Bogotá Council represents significant progress in the promotion and strengthening of small family businesses and neighborhood enterprises, simplifying their access to resources, facilitating formalization and innovation, and recognizing them as key agents in the economy and productive culture of the city.
