Free State Business 2022

PROFILE
Free State Development
Corporation (FDC)
Driving enterprise development and investment in South Africa’s
most central province, the Free State.
The FDC contributes to the Free State’s
economic development through four service
delivery pillars:
SMME/co-operative funding and support
The FDC provides products and services to SMMEs
and co-operatives in the form of financial support
(business loans) as well as business development
support (facilitating training and mentoring service
providers). The principal loan products offered to
Free State entrepreneurs by the FDC are:
• Start-up loans for recently established businesses
that are mainly at formative stages.
• Expansion loans offering viable and existing
businesses the capital needed to expand.
• Business take-over finance to assist potential
clients to acquire a business as a going concern.
• Bridging finance for SMMEs with short-term cashflow
problems with contracts or tenders.
Property management
The FDC administers a diverse property portfolio
and can offer small to medium enterprises suitable
premises at affordable rates. The corporation has
some 253 commercial properties, 290 industrial
properties and a large number of residential and
vacant land for development.
The corporation aims to use them to facilitate
commercial and industrial activity, while assisting
new investors looking for suitable premises.
The FDC offers advice and guidance in terms of
the following incentives:
• Subsidised rental rates.
• Rental holidays of up to three months.
• Special incentives and discounts for BEE
companies or individuals.
FREE STATE BUSINESS 2021 2022
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