Village Economic Development Strategies Through Sustainable Village-Owned Enterprises. The Gold Mining Area in West Sumbawa, Indonesia

Abstract

Village economic development itself is a process to improve the living conditions of all regions or certain countries so that there is equitable development in rural areas and increases the role of villages and Village-Owned Enterprises (BUMDes) in developing the rural economy in order to improve welfare. This study aims to formulate a village economic development strategy in a sustainable manner in the gold mining area of West Sumbawa through village-owned enterprises. SWOT is the method used. The results show that its strengths include: the existing BUMDes management, overwriting business resources, adequate human resources, a fulfilled business capital, strategic business locations in the middle of the community, and village income sources partly from BUMDes. Weaknesses include: BUMDes managers still lack expertise, limited business types, the limited quality of human resources, the limited capital during the Covid period, the limited infrastructure facilities and village innovations, as well as BUMDes Managers. Opportunities include local government support, enough abundant village potential, a fairly good community participation and internet network support. Threats include the still weak BUMDes business, the limited management motivation, the village party expectations against management, and local culture. Based on the results of the above data, the strategy formulation is as follows: the first strategy, where training needs to be performed to improve the skills of the village and managers, and the second strategy, which entails the application of entrepreneurial-based management skills. For the community, it is hoped that there will be increased participation in the BUMDes program.