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Local entrepreneurs also have the challenge of finding investors and means to finance their ideas. If com- pared to the size of the local market, banks made few investments and loans in the federal capital: approx- imately R$ 1.5 trillion, an amount less than 10 times the GDP — pro- portionately less than Porto Alegre, Belo Horizonte and Curitiba, for ex- ample. In the last five years only two venture capital investments have been made, less than 1% of the na- tional total. The Federal District's government, in 2011, invested nearly R$ 4 billion through purchases of goods and services. Now a decree approved in early July 2014, states that at least 25% of all public procurement (i.e about R$ 1 billion) are made of micro and small businesses (MSEs). On top of that, the law (based on the Federal Government's General Law for Micro and Small Business) provides that, in contracts of up to R$ 80,000, MSEs have exclusivity in the bidding. To guarantee the actions proposed take effect, the government's next step is to launch the portal "Prioriza MPE", as required by law. The initiative will serve as a medium to communication with entre- preneurs, where the list of open incentive programs and open bidding will be announced and there will be monitoring of public purchases and results. In it, the entrepreneur can also register as a supplier to city hall, receiving newsletters from the website and other information about entrepreneurship in the region. The Prioriza MPE is an initiative of the Bureau of Micro and Small Businesses of the Federal District, and will be released in early 2015. tHE CItY's BEst praCtICE CasE In addition to having the third largest GDP in Brazil, Brasília's population have high purchasing power last in the Entrepreneurial Culture determinant. The fact that 15% of the population considers that "en- trepreneurs are people who ex- ploit their employees", while the average of the other cities is 10%, doesn't help. Brasília Midwest Best score for each pillar 5 4 6 7 8 9 63 Value Position Regulatory Enviornment 6.56 4 th Infrastructure 6.21 6 th Market Conditions 7.55 2 nd Access to Capital 5.92 7 th Innovation 6.03 6 th Human Capital 6.26 6 th Culture 4.55 14 th Regulatory Environment Culture Infrastructure Access to Capital Innovation Human Capital Market Conditions