“In February Vologda Region Development Corporation turns 6 years – which is quite a long way. You have proved the effectiveness of your work in implementing large investment projects on the best world practices introduced for business support,” Oleg Kuvshinnikov emphasized, starting the negotiations.
The effective activity in this area is also confirmed with high positions taken in the all-Russian ratings. The region’s successes were marked by Russian President Vladimir Putin at the end of last year in the Meeting of RF State Council having named the Vologda Region as the leader in attracting investments. The region entered Top 10 entities in growth of investments in the economy, that ‘set high standards in investment.’
“I am assured that we will even further complete all undertaken obligations on creation of favorable investment climate in the region," Governor said. "Motto ‘Invest in the Vologda Region’ should firmly associate with the region and become norm for every investor: regional, federal and foreign.” As Oksana Yakovleva noted in her report, due to the support of the Corporation in 2017 one completed 7 investment projects with a total investment of 3.4 bln rubles, one created about 500 workplaces. The work was constructed in several directions, among which project activity, investment marketing and property management. “We receive a lot of initiatives, but they, as a rule, are fragmented and need to be thoroughly worked out. On a full time basis we implement the expertise of all initiatives, currently in our case there are 45 business-ideas and projects,” Director General explained. According to Oksana Yakovleva, the Corporation is constantly in the process of improvement and introduces new formats and tools to promote investment opportunities of the region. In the framework of the Vologda Region Strategic Session last December the Investment Exchange was held. Besides, the Corporation has presented the investment potential at 39 sites of international, federal and regional levels. The result of the participation became the widening of partner network and line of new investment proposals.
Among the priority tasks of the Corporation in 2018 Oksana Yakovleva highlighted the launch of a single window for investor. For this purpose in the region there will be created a special investment agency which formalizes the work with investment initiatives and unites experts from authorities, local government, banking sphere and other spheres. The initiatives admitted as effective and feasible will be included in the regional Register of investment projects. Let us remind, last December the Governor declared on the necessity to upgrade the work with investors, reading the traditional investment message. Oleg Kuvshinnikov explained that the investment projects’ realization and entrepreneurs’ support are implemented by the number of authorities and independent organizations. Having such diversity of participants the investor doesn’t always understand where to ask for help and consultation. In this regard, it became necessary to create the structure that will accumulate the professionals in the same place.
“We have clearly defined our aim: to build understandable and effective process of interaction with investors in ‘single-window’ mode. In the 2nd quarter of 2018 we will launch such mechanism," Oksana Yakovleva assured. "The goals are quite ambitious, but regarding opportunities of the region and the team I consider them achievable.” The regional institute of business development to fulfill the function ‘single window’ will concentrate in the Business Quarter building in the basis of Vologda Region Development Corporation on Konev Street 15. Its core residents already are: Regional Center for Entrepreneurship Support of the Vologda Region, Fund for Resource Support, Regional Union of Industrialists and Entrepreneurs, Major Repair Fund and Employment Center. At the end of the meeting The Governor thanked Oksana Yakovleva and her team for effective work: “The financial sustainability of the region depends on a professionally done business strategy and favorable investment climate. That is why we have many mutual projects ahead.”