LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED
LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED
LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED
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Financing business – such initiatives as expansion to new markets or founding new<br />
companies very often involve finding external financial support. The availability of various<br />
institutions providing local firms with support on different levels, from small credits to joint<br />
venture capitals, influences the chances of product development.<br />
Networking - the strength of inter-firm and public-private relationships between<br />
companies, institutions and a government within the region and beyond. High networking<br />
level can seriously boost economic activity within the region, fostering innovation and<br />
enabling the establishment of strategic alliances. Networking can take place both on<br />
informal (random encounters) and formal (conferences, industry associations meetings)<br />
basis.<br />
Institutional infrastructure - the existence and quality of services of various<br />
institutions supporting business, such as research centers, health, education and<br />
community services, companies dealing with finance, legal issues, marketing or<br />
transportation are crucial for business climate in the region.<br />
Legal regulations and policies - policies and programs supporting this kind of<br />
activity and quality of services that public administration provides to the market. These<br />
may include anti-trust law, regulations regarding conditions of entering the market, local<br />
officials willingness to support the branch and such.<br />
Transport and telecommunication accessibility - collecting information and being<br />
able to act fast are becoming increasingly important elements in gaining competitive<br />
advantage. That is why companies are interested in the availability of transportation<br />
channels such as roads, airports, railways, along with telecommunication services –<br />
internet, mobile telephony and such.<br />
Technical infrastructure - the availability of space for doing business (from small<br />
offices for the start-ups and SMEs to Greenfield investment land for multinationals),<br />
electricity supply and the presence of basic urban infrastructure such as piped services<br />
(water, sewers) are among the basic elements necessary for businesses to develop.<br />
2.3. Assessment of Tbilisi competitiveness<br />
The competitiveness of Tbilisi was assessed in two aspects:<br />
• its competitiveness in relation to other Georgian cities,<br />
• its competitiveness in relation to other cities in the region of Caucasus and central<br />
Asia.<br />
The assessments were carried out by means of the SWOT method, which is usually<br />
applied by the SRGG when evaluating the competitiveness of cities.<br />
Tbilisi in the country<br />
In order to assess the economic situation of Georgian cities during the workshop session<br />
of the City Team the guests from other Georgian cities evaluated current economic<br />
changes in their environment. They took into consideration the condition of both traditional<br />
and emerging economic sectors, demographic changes and the workforce educational<br />
improvement, the level of technical and urban infrastructure.<br />
The assessments were performed with Tbilisi city team and the guests from Rustavi,<br />
Batumi and Kutaisi<br />
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