Small business forum meets through Wednesday here

The XIV Inter-American Forum on Enterprise is meeting through Wednesday in San José.

Organizers at the Inter-American Development Bank call it the most important event for micro, small and medium-sized enterprises.

President Laura Chinchilla addressed the group Monday night and told those present that during the peak of the recent economic crisis, 56 big companies closed their doors, but 2,000 small businesses began operation.

The president also announced that a capital seed fund would be launched to help the small enterprises. The initial amount is 3 billion colons or about $5.8 million.

Also Monday, Alfio Piva and Luis Liberman, the nation’s two vice presidents, participated in the inauguration of a new building for the Inter-American Development Bank in San José.

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