The Mayaro Initiative for Private Enterprise Development (MIPED) is a $7.2 million development fund intended to stimulate micro-enterprise and economic diversity and assist with skills training in Mayaro. The objective is to help decrease the unemployment levels in the community and assist with diversification of the local economy. Since its inception in 2002, over 1372 loans have been disbursed, over 800 new micro-enterprises established and over 1000 permanent jobs created.
