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All Journal Formosa Journal of Applied Sciences (FJAS) POLICY, LAW, NOTARY AND REGULATORY ISSUES (POLRI)
Susanto, Jocelyn Phebelia
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Humanities Control & Systems Engineering Decision Sciences, Operations Research & Management Education Engineering Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : POLICY, LAW, NOTARY AND REGULATORY ISSUES (POLRI)

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The Role of Local Government in Boosting Investment Under East Java Provincial Regulation No. 4 of 2021 Silalahi, Jur Udin; Saragih, Joy Zaman Felix; Siregar, Sheila Ananda; Syahputra, Muhammad Daffa; Susanto, Jocelyn Phebelia; Pranoto, Ananda Bima Al Wajdi Majid
POLICY, LAW, NOTARY AND REGULATORY ISSUES Vol. 5 No. 2 (2026): APRIL
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/polri.v5i2.2226

Abstract

Investment plays a crucial role in driving regional economic growth, creating jobs, and improving public welfare. As part of the governance structure, local governments are responsible for creating a conducive investment climate through supportive policies and regulations. East Java Provincial Regulation Number 4 of 2021 concerning Investment serves as the legal basis for managing and developing investment in East Java. This study aims to analyze the role of local governments in increasing investment based on the provisions of this regulation and identify challenges in its implementation. The method used in this research is a normative-juridical approach, examining laws and regulations, legal documents, and related literature. The study results indicate that local governments play a role in formulating investment policies, simplifying licensing processes, providing incentives, and fostering and supervising investment activities. However, implementation still faces obstacles such as complex bureaucracy, limited supporting infrastructure, and suboptimal inter-agency coordination. Therefore, efforts to strengthen policies, improve licensing services, and foster synergy between local governments and business actors are needed to achieve the goal of increasing investment effectively and sustainably.
Co-Authors Hutagaol, Nadya Elisa Jefferson, Gilbert Pranoto, Ananda Bima Al Wajdi Majid Saragih, Joy Zaman Felix Silalahi, Jur Udin Siregar, Sheila Ananda Sitorus, Rolib Syahputra, Muhammad Daffa Tjipto, Frederick Xaverius