2007 / 2008 Annual Report - Eastern Cape Development Corporation

• Ensure that the Integrated Development Plans (IDPs) formulated by metro, district and local municipalities reflectachievable programmes and measures for sound and sustainable Local Economic Development (LED)• Establish and maintain appropriate organizational systems to efficiently manage and administer the financial,operational, personnel, information management, communications and legal resources within the ECDC and itsassociated institutional structures• Provide targeted support services to the private sector to enhance their contribution to the growth of the provincialeconomy• Facilitate the financial stability of the ECDC• Build institutional capacity and improve internal efficiencies• Strengthen economic partnerships between investors, the public sector and business, from large to small scale, aswell as community structures3 LEGISLATIVE MANDATEThe ECDC draws its mandate directly from the Eastern Cape Development Corporation ( Act 2 of 1997) and is led by theeconomic development priorities of the provincial government, as detailed in the Provincial Growth and DevelopmentPlan (PGDP).The ECDC Act states that ECDC will:“Plan, finance, co-ordinate, market, promote and implement development of the Province and its people in the fields ofindustry, commerce, agriculture, transport and finance”8