Abstract

The article deals with the issues of improving the efficiency of investment activities of small business sector entities through the participation of companies in investment projects of regional and municipal significance. An analysis of the advantages of small private businesses in the implementation of investment processes showed that small enterprises are able to help solve the most important social and economic problems of territorial entities due to natural mobility, innovative orientation, flexible tactics of behavior in the market, quick response to the needs of the consumer and partner sectors. But despite a number of obvious advantages of the small business sector, the article stated the fact that there is no desire for small businesses to participate in projects of regional and municipal significance and the predominance of strategic associations "big business – the state" in the Russian regions. In the course of the study, the reasons for the non-participation of small and medium-sized companies in projects of regional importance were attributed to: the disunity of interests of business and government structures, the unfavorable investment climate in the region of presence, the fictitious measures of state support for small businesses, the instability of the legislative system, the high tax and administrative burden on small and medium-sized enterprises, low level of mutual trust between government and business, instability of the political and economic situation in the country. A consistently negative factor for the development of investment activity in the SME sector within the framework of regional investment projects is the lack of guarantees and excessive regulatory requirements from the state. An analysis of the currently relevant results of sociological studies of federal services has shown that the most popular regional investment projects involve attracting investments in areas with the highest degree of distrust of entrepreneurs. A comprehensive assessment of the impact of natural barriers inherent in the economic activity of the small business sector and environmental factors led to the conclusion that it is expedient for small companies to participate in investment regional projects, subject to a complete transformation of the current relationship between business and government structures

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