Digital economy to bring more growth – Minister Cardona
The Minister for the Economy, Investment and Small Business, Dr Chris Cardona addressed a conference held by the MCAST Entrepreneurship Centre entitled Digitising the Economy, marking the end of this year’s SME week.
Minister Cardona appealed to an audience composed of students to participate and contribute in the day’s activities and to make the best use of the information they would obtain. The minister highlighted how every citizen’s significance and input is what would maintain and contribute further to economic growth in the years to come.
The current record unemployment rates and recent economic growth do not mean we should rest on our laurels, but rather the opposite, we should keep things into perspective and remain conscious of the competition and challenges SMEs face as we become greater and continue to increase our presence further as we compete globally.
With most of the current Maltese workforce being employed by SMEs of various sizes, Minister Cardona outlined how government is working hand in hand with various entities that fall under the ministry, to support and ensure their success.
The Family Business Act Whitepaper, launched last week, aims at aiding at a more integral level in the governing of family businesses and their respective succession plans. Assistance for businesses to go online is already available through the eBiz initiative, which will be re-launched later on this year.
“Undeniably, the digital economy is one of the major drivers for growth, competitiveness and employment. I encourage you not to be intimidated. We are ready for the challenge,” concluded Dr Cardona.