Support for Local Businesses & SMEs
Since 2007, we have worked consistently with local businesses to build long-term partnerships, while providing support and advice where needed to help smaller businesses thrive and grow. Geographical breakdown of our suppliers is approximately 80% Macau business and 20% non-local business. However, we recognize there is further potential for us to grow our business and relationships with local small and medium-sized businesses (“SMEs”).
MGM’s SME Engagement Program: In an effort to formalize and expand our commitments to the Macau SME community, we have rolled out a dedicated SME Engagement Program focusing specifically on the following local SME categories: Micro-size Enterprise, Made in Macau and Young Entrepreneurs.
The core elements of the Program to date include:
- Quarterly SME Business Matching Sessions: In 2016, we held four quarterly SME Business Matching Sessions in partnership with the Macao Chamber of Commerce (“MCC”), the Macau Economic Services, the Macao Trade and Investment Promotion Institute (“IPIM”), and the Macau Productivity and Technology Transfer Center (“CPTTM”). Our SME Business Matching Sessions have resulted in new business with 158 new vendors, including 2,213 new deals worth a total of MOP155 million, from November 2015 – December 2016.
- MGM SME Advisory Committee: We have created the MGM SME Advisory Committee comprising our key decision makers and prominent local business representatives from across the business, non-profit and academic worlds. This committee convenes quarterly, meeting to provide advice, guidance and recommendations on how to best engage the SME population and increase our level of business.
- Supplier Education Seminar: We hosted the “MGM SME Food Safety Seminar” in June in collaboration with the MCC, supported by the Macao Economic Services, Macau Civic and Municipal Affairs Bureau (“IACM”), CPTTM and IPIM. This seminar provided local SME suppliers in the food and beverage industry with important information regarding the Macau Food Safety Law, as well as on other international standards required from global companies in the procurement process.
- Bringing Local SMEs to the Global Marketplace: We also took our commitment to SMEs to new level, by developing its existing Macau SME relationships with its parent company, MGM Resorts International, with the first global deal signed in December 2016.
To submit vendor registration forms or any other enquiries. Please contact: SME@MGMCHINA.COM.MO