JEDCO, Business Development Centre sign 2 MoUs on SMEs networking

The Jordan Enterprise Development Corporation (JEDCO) and the Business Development Centre (BDC)  signed two memoranda of understanding (MoUs) aimed at facilitating networking of JEDCOs beneficiaries.

Under the agreements, networking would be facilitated for JEDCOs beneficiaries from small- and medium-sized enterprises (SMEs) with the programmes run by the BDC from the services of the National Self-Employment Programme INHAD and the development programme for Professional Development and Employment in the Industrial Sector funded by the French Development Agency (AFD), a JEDCO statement said.

The MoUs were signed by JEDCO CEO Bashar Al Zubi and BDC CEO Nayef Isteitieh in the presence of representatives from both institutions.

Zubi said that this partnership comes from the governments belief in the importance of providing support to local SMEs operating within the service and industrial sector to highlight the quality of Jordanian services and products to motivate the Jordanian consumer to use them, which will work to raise the economic position of Jordan.

Zubi indicated that JEDCO, through the two MoUs with the BDC, will work to establish ways for effective, organised and responsible cooperation between them to support entrepreneurs and home-based businesses owners,  in addition to SME enterprises operating in the local service and industrial sectors.

JEDCO in cooperation with the BDC will link some eligible beneficiaries with commercial banks to apply for loans on concessional terms, in addition to providing mentoring services and specialised training to achieve sustainable development and economic growth, he said.

Isteitieh said that the signing the MoUs will strengthen the partnership between the two institutions and make it effective by setting practical steps that will reflect on the performance of the commercial and industrial sectors and revitalise them.

According to the MoUs, JEDCOs activities will be supported and promoted in all governorates, such as helding informative workshops and circulating JEDCOs programmes and conditions on all BDCs beneficiaries, in addition to its involvement in all the related activities of the BDC.