LO CA L EC O N O MIC D E VE LO PME N T
Ensuring progress through on-the-ground interventions In order to attain innovative, inclusive and sustainable economic development in Tshwane, the City is hard at work in creating an attractive and conducive investment environment, while simultaneously helping existing businesses.
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his drive for improving local economic activity for growth and development relies on attracting businesses to invest in Tshwane, which, in turn, requires efficiencies in the management of municipal business. It stands to reason, therefore, that to ensure sustainable local economic development, Tshwane must be a desirable location in which to do business, must be able to attract new investment and start-ups, and must be able to create market opportunities. With the acknowledgement of the role that the City must play in the development of the local economy, the provision of wide-ranging support to all efforts of economic growth and development is critical. In this regard,
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REIGNITING EXCELLENCE IN TSHWANE 2 0 2 1
Even through the devastation wreaked by the Covid-19 pandemic, the City continued and continues to deliver on its commitments in order to enhance economic growth and development
the City’s approach to economic development prioritises attracting and enhancing investments, providing effective support to small businesses for sustainability, creating income-earning opportunities, developing industryrelated skills, and job creation. With the support of the Tshwane Economic Development Agency, which is
the municipal entity that also contributes towards the objective of local economic development, the City has committed to the following priorities: • attracting investment and encouraging growth by making it easy to do business in Tshwane • revitalising and supporting Tshwane’s entrepreneurs and SMMEs • empowering individuals to take advantage of opportunities • providing infrastructure-led growth to catalyse and revitalise existing nodal economies • encouraging tourism and recreation.
LED highlights During the 2019/20 financial year, the City of Tshwane developed the Local Economic Development (LED) Strategy.
