Mark Horner

The SME Market in Bohol

What is a Small to Medium Enterprise?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well. Small and medium-size enterprises play a hugely important role in the economy. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Bohol, officially the Province of Bohol, is an island province of the Philippines located in the Central Visayas region, consisting of the island itself and 75 minor surrounding islands. Its capital is Tagbilaran. With a land area of 4,821 km² and a coastline 261 km long, Bohol is the tenth largest island of the Philippines. The province of Bohol is a first-class province divided into 3 congressional districts, comprising 1 component city and 47 municipalities.

How big is the SME Market in Bohol?

Small and medium-size enterprises play a hugely important role in the economy of Bohol. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Bohol has a population of over 1,394,329 people.

What help is available for SMEs?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

Central Visayas Central Visayas