An initiative designed to safely and gradually get our country back up and running through the following programs and initiatives:
Works will be carried out primarily through the following ministries:
• Public Works: A portfolio of 2,130 public investment projects are planned between 2020-2022 in diverse areas:
• Transportation and Telecommunications: This includes the National Mobility Plan and the implementation of works to improve public transport. Investment in Metro lines and trains will be accelerated, resulting in more than US$3 billion allocated between 2020 and 2022.
• Housing and Urban Development:
Housing solutions will focus on the most vulnerable people, small- and medium-sized enterprises, and construction workers. These measures will serve 412,900 families.
• Agriculture: There are plans to finance more than 1,600 technification and irrigation projects for small- and medium-sized farms. Support will be provided to 2,250 families affected by the forest fires, by recovering more than 24,000 hectares of forest. In addition, fire ranger stations will be upgraded and a guard post will be built at Paine Grande in the Torres del Paine National Park.
• Sports: Plans include new training facilities, a new sports park at the National Stadium and the construction of 24 “Elige Vivir Sano” (choose to live healthily) Multiuse Sports Complexes. These works will begin in the second half of 2020 and will create approximately 18,000 jobs.
• The Interior Ministry and the Regional and Administrative Development Undersecretary’s Office (Subdere):
Will provide resources to municipalities to develop local investment initiatives for an additional US$125 million.
Investments: 130 projects will be expedited, with construction beginning or implementation taking place between 2020 and 2021. This will require an injection of approximately US$24.5 billion for 2020-2021 and will directly create a total of 115,000
MOP (Public Works Ministry) Concessions: The bidding processes and construction of 31 projects will be expedited. The plan calls for investment of US$4.1 billion in public works concessions for the 2020-2022 period.
State-owned properties: Priority will be given to making 114 properties available through public tender so as to effectively encourage the country’s economic recovery.
A subsidies and incentives plan for creating and recovering jobs will be implemented, which will finance a substantial part of the wages for up to 1 million workers. This initiative also includes a job training and reconversion fund, resulting in total investment of up to US$2 billion.
• Financing / Subsidies:
• Technical Assistance
• Promoting Domestic Tourism
This project is designed to motivate people, once it is safe to travel again, to choose to do so in Chile and in turn, support the thousands of MSMEs that make up this industry. In terms of funding, the plan includes 1 billion Chilean pesos (about US$1.3 million) and further efforts will be carried out with regional governments to raise an additional 1 billion Chilean pesos.
• Bill to change Law No. 20.720 and modernize our bankruptcy law, improving the process for SMEs and sole traders.
• Economic Advice for Business Resumption (Superintendency of Insolvency and Reorganization, SUPERIR): A program to support MSMEs in the liquidation and reorganization process. The advice provided will help in assessing a company’s financial, economic and accounting situation and assist with overcoming its current crisis.
The Economy Ministry is leading the establishment of roundtables and follow-up with trade associations at both national and regional levels, in order to disseminate information regarding the plan and respond to any concerns or needs.
• MSME Roundtable: This includes the most pertinent trade associations and seeks to be the meeting point for analyzing proposals for small businesses.
• Regional Roundtables: A place for regional governors, regional ministerial secretaries, trade associations and the BancoEstado to interact. It is moderated and chaired by the Economy Undersecretary.
1. New law that provides tax relief and liquidity to SMEs.
2. Measures already underway:
Set of measures to eliminate red tape: Support teams for critical services will be strengthened. Following the recommendations of the National Productivity Commission, a set of 28 measures will be implemented (13 administrative and 15 management) to reduce red tape and streamline the paperwork associated with private investment projects.
1. Provisional business licenses: Facilitate and expand the use of provisional licenses so that more SMEs can begin operations. They will have one year to obtain the permits needed for their permanent business license. In addition, the Pro-Investment Bill currently under discussion in Congress would extend the provisional license to two years.
2. Consolidate “Tu Empresa en 1 Día” (set up your business in 1 day) as a single portal for doing all the main paperwork needed to set up and operate a business. It will permit interaction with SII (the internal revenue service’s MSME portal), the Labor Directorate (MiDT), trade patents, bank accounts and trademarks (National Institute of Industrial Property, INAPI). Furthermore, it will strengthen the use of the Advanced Electronic Signature, in order to improve processing time and reduce the cost of paperwork.
3. Sustainable Project Management Office and SMEs: This is a platform that addresses the needs and concerns of SMEs regarding the red tape involved in their investment projects. It provides an online form, where project leaders are asked to input the permits that they are having difficulty obtaining for their projects and a brief description of the problem. The Sustainable Project Management Office (Oficina de Gestión de Proyectos Sustentables, GPS), with the support of the regional ministerial secretariats, will use this information to follow-up on the paperwork for the permits with the corresponding agencies. Its mission is to seek a speedy resolution to the problem, while at the same time developing public policy initiatives to generate long-term solutions.
Thus, for the 2020-2022 period, it is estimated that public investment will total US$34 billion with the capacity to generate a total of 250,000 jobs.