The Free State Development Corporation (FDC) is the official agency responsible for driving economic development in the Free State. The agency focuses on four key activities in order to achieve growth and development:
- SMME Development Services
- Property Portfolio Management
- Investment Promotion
- Export Promotion
FDC AIMS TO DEVELOP SUSTAINABLE BUSINESSES THAT CREATE JOBS, PROMOTE BLACK ECONOMIC EMPOWERMENT AND INCREASE ECONOMIC PARTICIPATION OF PREVIOUSLY DISADVANTAGED INDIVIDUALS.
The principal objectives in the FDC’s SMME development strategy are:
- Development of sustainable SMME projects that create jobs.
- Growing a balanced and profitable SMME loan portfolio.
- Promoting black economic empowerment and increasing economic participation of previously disadvantaged individuals.
Funding of SMME’S and Co-operatives are directed to the following key strategic sectors:
Manufacturing:
- Agro- Processing
- Mineral Beneficiation
- Chemical Beneficiation
Services:
- Franchising
- Retail
- Tourism Development
- Transport and Logistics
- Information and Communications Technology
- Business Process Services and Offshoring (BPS&O)
