The fashion industry in the Dominican Republic is primarily centered around home-based small business. Of these 76% operate from home, as revealed in a study carried out by the Ministry of Industry & Commerce, and Small Business (MICM). 82% of these businesses employed less than 10 workers.
The research (Diagnóstico y Direccionamiento Estratégico Inmoda RD), which was conducted to help generate strategic guidelines for the development of the fashion industry in the country, was ordered by the Dominican Republic Fashion Institute (InmodaRD). The study highlighted the potential of the industry to create jobs.
Research showed that 29% of the companies are less than five years old, 18% are 5 to 20 years old, 24% have been in business for more than 20 years. Others did not respond to the survey question.
16 January 2018
