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