Jakarta's vibrant economy has received a significant boost through a new initiative designed to support small and medium-sized enterprises (SMEs). This SME support program, launched earlier this year, aims to foster economic growth and create decent work opportunities, aligning with the United Nations' Sustainable Development Goal 8. The program offers financial assistance, training, and market access to local businesses, helping them to scale and thrive in a competitive market.

Since its inception, the SME support program has assisted over 5,000 businesses, providing them with essential resources to expand their operations. The financial aid component includes low-interest loans and grants, which have enabled many businesses to invest in new equipment, hire additional staff, and increase production capacity. Moreover, the program offers comprehensive training sessions that cover business management, marketing strategies, and digital transformation, equipping entrepreneurs with the skills needed to succeed in the modern economy.

The impact of this initiative is already evident, with Jakarta experiencing a 15% decrease in unemployment rates as a direct result of new job opportunities created by thriving SMEs. Local business owners have reported increased revenues and growth, contributing to a more robust and resilient economy. By empowering SMEs and fostering an environment conducive to entrepreneurial success, Jakarta is making significant strides towards achieving sustainable economic growth and decent work for all its residents.