The Minister of Economy, Sergio Massa; and the governor of San Luis, Alberto Rodríguez Saa; met this Thursday to accelerate the incorporation of small and medium-sized companies (SMEs) of the province to investment financing and job creation programs.
The National State and the province are currently working on the adhesion of San Luis to the federal program Crédito Argentino (CreAr), which finances investment and working capital projects for SMEs with a subsidized rate on loans from public banks.
The meeting took place at the Palacio de Hacienda where Massa and Rodríguez Saa also discussed the creation of a provincial guarantee fund, which joins Fonred -the national network of guarantee funds- to include more SMEs in the financial system.
In actuality there are a dozen strategic investment projects that the Nation is financing in various industrial sectors of San Luis, among them the metallurgical, the plastic, the chemical and the one of the steel.
Create #CréditoArgentino It is the largest production financing program in the country’s recent history and is key to promoting investment projects that change the productive matrix, substitute imports, increase exports and create employment.
— Sergio Massa (@SergioMassa) February 1, 2023
Last Wednesday, the governor of La Pampa, Sergio Ziliotto, signed the adhesion to CreAr, which allows local SMEs to access loans with repayment terms of between 48 to 60 months, with up to 6 months of grace and a rate bonus from the National Productive Development Fund (Fondep) of up to 15.5 points, in addition to an additional bonus from the province.
The province thus joined 12 other districts such as Buenos Aires, Tierra del Fuego, Neuquén and Corrientes, among others, which already have this productive credit line.
