Small and medium enterprises (SMEs) make up 98.5% of all Jordanian companies and account for 60% of formal jobs and 50% of the nation’s GDP. As such, they represent a critical economic sector of great importance to investors, business owners, and analysts. Small and Medium enterprise policy in Jordan falls under the authority of the Ministry of Industry and Trade (MIT). The ministry’s activities are regulated by law number 18 passed in 1998, which gives it the power to register, classify and regulate industries in Jordan as well as regulate and monitor internal and external trade in order to promote economic growth. The government is looking at SME development as a major factor in reducing unemployment in the country. Since 2011, the SME sector has been the focus of a National Programme to fund small and medium sized enterprises across the country. It is backed by a fund of US$ 630 mn.