Camarasal believes tax incentives will encourage investment in the region. /DEM
The Salvadoran Chamber of Commerce (Camarasal) has vouched for a proposal to waive rent for those investing in the historic center, but expressed concern about the low sales reported by merchants.
For nearly a year, the San Salvador Mayor’s office has been proceeding with the eviction of street vendors who were doing business in the heart of the capital. His next step was to submit a proposal to the Legislative Assembly to approve a “Law for the Creation of the Authority of the Historic Center of San Salvador”.
If the clause is approved, a 10-year rent exemption will be in effect for investors building projects in the historic center, excluding historic property belonging to the state.
The union’s president, Jorge Hasbün, admitted that he had not established a dialogue with the commune about the new municipality. However, he said proposals of this kind could increase investment by different sectors in the Salvadoran capital.
Despite the relocation, the Chamber of Commerce said the rerouting of many buses passing through the center of San Salvador not only impacted the reduction in traffic, but also caused a reduction in the influx of passers-by. – due to decreased sales in the region.
“This diverts customer traffic to other areas. In addition, informal sales on the streets have generated traffic,” he said.
Many businesses have been surrounded by informal commerce for years. / Emerson Del Cid
Recently, the union received reports from merchants in the Hula Hula market, many of which had relocated, that they were “not selling as well as they used to.”
The businessman also emphasized that there are still gaps in demand for some companies within the market. This is because some companies are getting a lot of inflow, while others are “empty”.
Hasbún said there is a need to maintain street order and there are other markets that incorporate vendors. He asserted that commerce is evolving and it will take time for customers to adapt to this measure.
For this, he noted, it is necessary to establish a “strategic commitment to the historic center”, what products are offered there and why it differs from other commercial points in the capital. is established and disclosed.
One positive point highlighted by a union spokesperson is that no reports of extortion have been received in the historic center of San Salvador recently. But he expressed the need to fight crime under the rule of law, not the exception.