Abstract

Sustainable development of rural areas is a multifaceted and complex concept. One of the factors affecting the prosperity of the regions is the presence of small and medium-sized businesses. Improving government programs to support small and medium-sized businesses is a priority of state policy. The theoretical methodological and practical foundations of the strategic development of small and medium businesses were investigated. We have identified the main factors affecting the development of small business in Russia, such as low population density, low pre-emptive activity of the population, low support from the regional authorities. Creating an entrepreneurial environment is a priority to stimulate the development of small and medium-sized businesses.

Highlights

  • Rural areas are designated as the most important resource of the country in the Sustainable Development Strategy of Rural Territories in the Russian Federation between and the 2030 timeframe [1]

  • The priority of the sustainable development of rural areas is connected with systemic problem solving that has existed for many decades and were acutely manifested during the transition to a market economy in Russia

  • The growth of the economy in the vast majority of rural settlements can be achieved by increasing the number and efficiency of small business [2]

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Summary

Introduction

Rural areas are designated as the most important resource of the country in the Sustainable Development Strategy of Rural Territories in the Russian Federation between and the 2030 timeframe [1]. The priority of the sustainable development of rural areas is connected with systemic problem solving that has existed for many decades and were acutely manifested during the transition to a market economy in Russia. Sustainable development of rural areas is a complex and multidimensional problem, depending on the scale and instruments of state support, the existing potential and opportunities for self-development, which differ significantly (sometimes multiple) both by constituent entities, municipalities, and by rural settlements. The growth of the economy in the vast majority of rural settlements can be achieved by increasing the number and efficiency of small business [2]. Structure of the economy and to identify problems, opportunities and threats to rural development.

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