Abstract
Every manager has some investment ideas for business development. Some of the investments are related to a construction of production facilities in new locations and the investors face variety of risks, which even could stop the initial development plans. Many of these risks are due to the lack of reliable data about the business environment in the new areas. Failing the preparation, they would get heavy financial losses. Here comes the science to empower them with proper economic models. The aim of this article is to present how an economic model for estimation of the local business environment can be applied to some Bulgarian cities on the base of the municipality tax system and the local investment policy. Thus the entrepreneurs would be able to compare the business environment in different municipalities, as well as to identify possible dynamics in their trends.
Highlights
Every manager has some investment ideas for business development
The managers need evidence that the municipality business environment has a certain level of development
On 24 Aug 2018, this model has been applied to estimate the dynamics of local business environment in four Bulgarian municipalities
Summary
The local taxes have a strong influence on the local business environment This influence could be measured by elaboration of a matrix with criteria, applicable to all Bulgarian municipalities. - Measures of each criteria – the levels are calculated on the base of minimal and maximal values of each criteria. - The scales, defining the significance of each criteria, are determined on the base of inquiry among 100 experts. Part 1 of this model shows to the managers the municipality tax regime and it is composed by two groups of quality criteria – about the local legislation features and about the local administrative features. The investors get an idea about their obligations to the local public administration, in case they chose that municipality for their development plans
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