Thursday, July 19, 2018

Federal funds to support industrial parks in Sverdlovsk region

The government of the Sverdlovsk Region reports local authorities have taken steps to attract over $860,000 in federal funds to finance the region’s industrial parks.

The Russian government has set aside over $27 million to encourage small businesses to grow. Regions are allowed to request subsidies to create industrial parks, which is why the Sverdlovsk Region has requested more than $52,000.

Regions must have property available for construction crews to build the industrial parks and meet other requirements to receive the funds, which are part of the state’s “Improving the Investment Attractiveness of the Sverdlovsk Region up to 2020” program. 

The subsidies offer a way to provide more funds to municipal budgets in order to support industrial parks. They are intended to help regions create and develop better infrastructure for transportation, prepare industrial sites and more.

Organizations in this Story

Government of Sverdlovsk

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