Being a small business owner, I cannot help but be attracted to this report about the Singapore Government Fighting the Recession with Upbeat Acronyms.

Here are some schemes the government created along with the Clever Acronyms:

BOOST — “Building on Opportunities to Strengthen Tourism”, a $60 million plan to secure market demand in the tourism industry. It was announced by the Singapore Tourist Board in the face of an expected drop in tourist numbers to around 9 million this year.

BUILD — “Business Upgrading Initiatives for Long-term Development”, a $134 million fund to help small and medium-sized enterprises become more competitive through capability development.

PREP-UP — “Preparing for the Upturn”, a $67 million collection of training schemes which aims to help companies develop personnel in science and technology through funding programmes such as on-the-job training for new graduates.

SPUR — “Skills Programme for Upgrading and Resilience” was launched in December to help companies retrain workers, save jobs, and cut companies’ retraining costs. The $400 million scheme is run by the Workforce Development Agency and the Ministry of Manpower. It received an additional $100 million in the January budget.

YES! — “Young Entrepreneur Scheme”, help help young Singaporeans nurture innovative startups by giving them cash from a $16 million Entrepreneurial Talent Development Fund.

Adrian Lee
http://VideoLane.com

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