Agrarian Economy 2023 Т. 16 № 1-2: 91-98

INVESTMENT SUPPORT FOR SOCIAL AND ECONOMIC DEVELOPMENT OF TERRITORIAL COMMUNITIES

I. Balaniuk, Doctor of Economic Sciences, Professor
ORCID ID: 0000-0002-8320-6383
B. Ivanochko, PhD student
ORCID ID: 0000-0002-5943-109
Vasyl Stefanyk Precarpathian National University

https://doi.org/10.31734/agrarecon2023.01-02.091

ANNOTATION

The article aims to study peculiarities of the system of investment provision of territorial communities, its components, analysis of the sources of investment resources of local government bodies. It is established that investment support is an important factor in the social and economic development of territorial communities, since the need for investments exists in all spheres of community life. It is determined that investment support for development of territorial communities is a complex process that involves formation of the organizational and economic mechanisms for attracting a sufficient number of investments in tangible and intangible assets of communities. The work highlights its structural components, such as investment potential, investment capacity, investment activity, investment attractiveness.

Internal and external resources in the system of investment support for the development of communities are distinguished and the sources of their formation are analyzed. It has been established that when developing programs and projects of local economic development, local government bodies should maintain a balance between the investment of their own internal investment resources, such as local budget funds, resources of local residents and entrepreneurs, human capital of the community, and external investment resources, which create funding, material and technical, informational assistance that communities receive from external investors, like state authorities, international organizations and partner countries, regional development funds, as well as grant funding.

The article improves the concept of investment support for development of territorial communities. The authors develop proposals on formation of a system of investment support for territorial communities, which can be used by local government bodies when planning and implementing local development programs and projects. The proposed recommendations will positively influence the state of investment provision and social and economic development of territorial communities as a whole.

KEY WORDS

investments, investment support, economic development, territorial communities, local government bodies, resources

FULL TEXT

LINK

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