FINANCIAL SUPPORT OF SMALL AND MEDIUM-SIZED BUSINESSES IN RIVNE

Abstract

In the program for 2022–2024 provides for the following areas of support for small and medium-sized businesses: • informing business entities and improving communication;• popularization of the culture of entrepreneurship and promotion of local business;• support of local crafters/producers;• support of exporters;• improvement of the business climate;• activation of self-employment of the population;• financial support of the unemployed / unemployed population;• regulatory regulation of entrepreneurial activity;• information and resource support.Effective application of business support mechanisms requires a deep understanding of the problems local entrepreneurs face in their activities and the threats they may face in the future. Some of these problems and challenges may be in the area of direct or indirect influence of local self-government bodies. Therefore, when forming a business support policy, it is necessary to focus on those tools and levers that will have the greatest impact on the removal of obstacles and barriers in the development of entrepreneurship.Interest compensation for loans from commercial banks is provided on a competitive basis to small and medium-sized business entities that are registered in the Unified State Register, are registered and are on taxrecords in the State Department of Internal Affairs in the Rivne region, carry out economic activities on the territory of the Rivne urban territorial community and pay taxes to the city budget. Participation in the competition requires entrepreneurs to prepare a package of documents confirming the compliance of the project with the conditions of the competition. In recent years, there has been low activity of entrepreneurs in the competition.Based on the results of the survey of entrepreneurs conducting their business activities in the city of Rivne, the reasons for the low activity of entrepreneurs in the competition were revealed. First of all, attention is drawn to the low level of awareness of entrepreneurs about holding competitions for receiving compensation, because 42% of surveyed business subjects have never heard of this competition.