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History
The Jordanian economy, like so many developing
economies, has relied heavily on government spending- a fact
that created a private sector unable to develop viable
companies capable of encountering the challenges brought
about by globalization.
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Entrepreneurship
has not been part of the Jordanian business
culture although 70 percent of the Jordanian
population is less than 30 years of age
representing vast untapped economic resources.
Thus, a new business mentality and new
generation of entrepreneurs beyond the
traditional inherited business philosophy of
local industries is needed in order to claim a
greater share of the regional and international
export markets. |
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Vision
The YEA strives to create an entrepreneurial and leadership
culture as the cornerstone of national economic development. |
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Emanating from this need, a group of young Jordanian
entrepreneurs, worked under the auspices and guidance of the
Friedrich Naumann Foundation, on the establishment of the
Young Entrepreneurs Association (YEA) since December 1997.
The association was officially established in November 1998
as a non-profit organization dedicated to promoting and
encouraging Entrepreneurship in Jordan and educating
Jordanian businesspeople on the social and economic value of
non-conventional ideas.
For entrepreneurial activates to succeed
in Jordan, the YEA recognizes the need for it to act as
an advocate for certain legislative change on a
national, consumer oriented, mercantile mindset into a
productive, creative mentality, which must become the
basis for economic growth.
The YEA was created to cater to specific needs for young
businesspeople that either own their own businesses or hold
senior executive positions in a company. Since
establishment, the association generated 95 active members
representing all sectors of the economy.
The association’s 9-member Board of Directors meets
regularly to formulate and approve policy as well as develop
an annual program of work specifically targeted toward
responding to the needs of YEA members.
Mission
The Young Entrepreneurs Association was established in
November 1998 as a non-profit organization with the
mission of creating outstanding young entrepreneurs
through idea exchange, fellowship, education, training
and advocacy, to enhance entrepreneurs’ skill level
allowing them to compete in the global economy.
Objectives
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To enhance the
Entrepreneurial spirit among Jordanians.
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To increase the
number of outstanding entrepreneurs.
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To enhance, through
rules and regulation, a business environment for
startups and expanding businesses.
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To increase the
number of Jordanians adopting globally competitive practices.
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