22 Disyembre,2024 Linggo
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ABS 2025
Cash gifts from FMJ, Go Negosyo for OFW
By Nidz Godino
“We are grateful for support of government and private sector in our efforts to help our OFWs become successful entrepreneurs,” Go Negosyo founder Joey Concepcion said over 400 overseas Filipino workers (OFWs) and their families have more reasons to celebrate OFW Month and holiday season as they share P2 million in cash given by President Ferdinand Marcos Jr.and First Lady Liza Araneta Marcos during Go Negosyo’s Balik-Bayan 2024 event.
Cash prize brought to P3 million total given away to OFWs and their families who attended event, adding to cash prizes given by Go Negosyo and its sponsors.
Concepcion thanked the President and the First Lady for their generous donation, and invited recipients to put their prizes to good use as entrepreneurs.
The 400 were among thousands who attended Balik-Bayan 2024 last Dec. 7; they were able to fulfill documentary requirements needed to qualify for cash prize. Most of those who came to collect their prize said they intend to use the money as additional capital for their small businesses.
Cash gift was announced during event by Concepcion, together with the First Lady, who conveyed President Marcos Jr.’s awarding of P2 million on top of cash and prizes given out that day.
RFM Corporation also added P1 million in products, while additional cash prizes were awarded by Go Negosyo to early-bird attendees, some of whom were lined up as early as the day before event.
Organized by Go Negosyo, Balik-Bayan 2024 featured informative discussions with industry leaders, inspirational and learning sessions featuring successful entrepreneurs and free onsite mentorship sessions where OFWs and their families can consult with Go Negosyo mentors about their current or planned businesses.
During event, Concepcion invited attendees to learn from sessions and seek guidance from mentors.
“We don’t want you to spend your savings without proper mentorship,” he said.
“We are here to help you,” he added as he thanked OFW families for their sacrifice and support for family members who work overseas.
“Balik-Bayan 2024 is platform to provide business opportunities and foster investment matches for OFWs, encouraging them toward entrepreneurship and ensuring that their hard work and resources are put to productive and profitable use,” said Concepcion.
He explained that OFWs are ideally suited for entrepreneurship because they already have capital to invest and will need mentorship and access to markets to succeed as entrepreneurs. Success will also mean more jobs for other Filipinos as MSMEs are credited for generating more than half of employment in the Philippines.
Joining Concepcion and the First Lady during event were Department of Trade and Industry Sec. Cris Roque, Department of Migrant Workers Sec. Hans Leo Cacdac, Commission on Filipinos Overseas Chairman Dante “Klink” Ang and Pasay City Mayor Emi Calixto-Rubiano.
With theme “Kabuhayan Para sa Kinabukasan,” Balik-Bayan 2024 became platform for creating opportunities for collaboration between government and private sector as they aim to uplift not only OFWs and their families but also help Philippine economy.
Event featured several forums and discussions on topics that will help OFWs start or improve their small businesses. These include mentoring children in business, preparing for retirement, creating purpose-driven work, financial literacy, platforms for possible OFW businesses including franchising, agripreneurship and storytelling and content creation as a tool in entrepreneurship.
Event also saw awarding of 2024 Inspiring Balik-Bayan Awards to OFWs who successfully founded businesses here in the Philippines. Inspiring Balik-Bayan Awards is annual award organized by Go Negosyo to recognize success stories of OFWs-turned-entrepreneurs, celebrate their achievements and foster entrepreneurial aspirations among current OFWs.
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