The Dominican Republic has announced the launch of a RD$500 million fund aimed at supporting entrepreneurs in the cultural and creative sectors. The fund, a joint initiative of the Ministry of Culture and the National Council for the Promotion and Support of Micro, Small, and Medium Enterprises (Promipyme), seeks to bolster the nation’s orange economy and promote circular economy practices.
Minister of Culture, Roberto Ángel Salcedo, and Fabricio Gómez Mazara, director of Promipyme, unveiled the program on Wednesday, 5 March 2025 at the Ministry of Culture headquarters. The initiative prioritizes ventures in fields such as fashion, design, gastronomy, advertising, publishing, photography, theater, and crafts, as well as software development related to arts and culture.
The program offers 12% interest financing, terms of up to 60 months, and up to three months of grace to begin payments.
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Ministry of Culture
6 March 2025