KARANGANYAR DEVELOPMENT CORPORATION
In order to improve the existing economic condition of Karanganyar regency a limited liability by the name of Karanganyar Development Corporation has been established.
The shareholders of this company are regional administration of Karanganyar (Pemda Karanganyar) and an Indonesian private Company, PT Pepco Ekapanca
The establishment of KDC has been issued by the Karanganyar Regional Administration on Oct 12th 1995 which has been approved by the Karanganyar House of Representative.
Respectively The Minister of Home Affairs has given his aggrement for KDC on Nov 7th, 1996.
Objectives of KDC
Due to current and future global development the local administration has to emphasize its institutional role in welcoming and utilizing the development opportunities with rapid action, in accordance with government regulations no 20 of 1994 which lead to the industrialization and human resources development. The KDC should implement the cultural information in business world which constitutes a chance toward activities in which the human being can show their ability to anticipate, process and utilize all available resources in the interest of and the name of public welfare.
The future industrial and trade development will highly depend upon the superiority in human resources, particularly in mastering the science, technology and information.
One of the ways which is necessary to develop the business institution is through the business incubator.
The Business incubator constitutes an institution which can be established by the government or private party with the task to educate the potential entrepreneurs to become solid entrepreneurs (pengusaha mandiri), seek for the market access, provide the technology assistance, and seek for the access of business financing.
The KDC is a model of an integrated development concept involving all relevant and interested parties in the development, the parties are :
In alluring the foreign investment or other big companies (in home country), it must take into account the survival of small and middle scaled companies and development of regional economies.
The KDC target
This Company owned and managed by prominent business professionals has a wide domestic and international contacts.