Date post: | 13-Apr-2017 |
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Government & Nonprofit |
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Investment and inclusive growth in the midst of crisis: lessons learned & ways forward
Promoting entrepreneurship and SMEs for inclusion
Jedco
Jordan Enterprise Development Corporation (JEDCO) is a governmental organization dedicated to supporting the development of emerging businesses and small and medium-sized enterprises in Jordan.
Jedco
JEDCO’s mission is to grow viable projects and SMEs in the Kingdom by improving the business environment; offering financial and technical support to entrepreneurial projects and emerging companies; boosting the competitiveness of Jordanian SMEs locally and internationally; and encouraging the use of innovation and new technologies by local enterprises.
Jedco Programs’ Impact on
employment
Jedco Programs’ Impact (2012-2014)
No. of new employment opportunities
Average cost. of new employmen
t opportuniti
es
Program
865 8,383
Industry Support 1
1193 12,215
2Industry Support
942 11,593
Industry Support
2-ext.
591 17,142
Service Support 1
1166 11,286
Service Support 2
4756 Total
SME’s Strategy
Jordan has developed “Jordan National Entrepreneurship and Small
and Medium Enterprise (SME) Growth Strategy 2015-2018” and its associated action plan 2016-2019.
SME’s Strategy Objectives
• Increase the rate of new enterprise formation, including among educated young people and women;
• Increase the proportion of high-growth and innovative SMMEs;
• Increase the number of productive SMEs benefiting from upgrading and quality enhancement programmes to improve their productivity, growth and ability to compete in international markets, both domestically and abroad;
• Facilitate access to financing and top quality, comprehensive business development services in all governorates.
SME’s Strategy
Pillars
• Pillar 1. More conducive legal and regulatory environment for start-ups and SMMEs
• Pillar 2. Entrepreneurship awareness and culture-building
• Pillar 3. Elevated level of entrepreneurial/ management skills and provision of business development support
• Pillar 4. Improved access to credit and equity financing
• Pillar 5. Increased innovation capacity and technology adoption/ development
• Pillar 6. Broadened market access
Thank you