Economic Measures taken by the local government in Bogotá during lockdown

• The “Crea Bogotá Crece” credit line, in alliance with Bancoldex, supports the different processes of innovation and technological transformation that MSMEs have, through an interest rate subsidy.

• Digital platforms such as “BogoTech abierta” are being strengthened to connect suppliers and entrepreneurs in the research, development and innovation ecosystem of Bogotá Region, in their search for solutions to the challenges of the industry in the context of Covid - 19.

• A working group is being set up with show and entertainment promoters to work with the national government and implement access to a line of credit with Bancoldex. This way cultural projects, among others, can be supported by local Culture Secretaries.

• The Bogotá Digital Transformation project is being led so that MSMEs can be digitized with business models to improve productivity and competitiveness with sales through e-commerce

• Special credit line for event companies and restaurants that are major employers through the national financial institution Bancoldex.

Economic Measures

• Support plan for businesses, in association with Bogota’s Chamber of Commerce and the Secretary of Economic Development, in the payment of trade registries and other compulsory payments during the month of March and April.

Gradual reactivation

Once the National Government announced that it would be gradually lifting the lockdown in order to allow certain industries to return to business, Bogotá launched a new set of biosecurity measures that would ensure workers' safety at the workplace.

Public and private building sites, factories, commerce, small businesses (under 10 employees), supplies and repair shops, amongst other industries, are now required to register through the 'Economic reactivation' link where they may apply for a certificate which will allow them to reopen. The local government will be ensuring all biosafety measures are enforced.