LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

Creative cluster
The support for the development of small and medium businesses entering new sectors
of new economy and using latest organizational and technological solutions should be a
key element of Tbilisi economic development strategy. The cluster has been marked 1.2,
which means that its attractiveness is above the average. It is its market growth potential
and the potential of created products that should be assessed particularly high. In the
situation when the traditional sectors of economy have collapsed as a result of economic
and political transformation, small and medium enterprises generate the largest number of
jobs. It is SMEs that fuel local economy and implement innovative solutions. Thanks to the
city’s support for projects dealing with micro credits, credit security funds,
entrepreneurship incubators, technology parks, promotion of local business, etc. the
cluster is likely to grow the fastest and, consequently, to create new jobs. The cooperation
of local authorities and the local business can contribute to improving not only the city
economic parameters but also the local quality of life and the standards of offered
services. In the longer perspective the companies in this sector are going to generate
larger and larger share of the added value and attract more and more external capital that
will finance new investments.
Tourist cluster
The tourist cluster has received the highest mark of all the identified potential clusters. Its
attractiveness results from the high market potential, the high potential of products
(services) growth as well as of the high quality of its environment. Thanks to its cultural,
architectural, social and historical values the tourist cluster is likely to make the city
attractive to both occasional visitors and organized groups. The large number of financial
institutions, international business corporations and support organizations operating in
Tbilisi is a good basis for creating a wide range of offers for business tourism. Thanks to
the stable political and economic situation a growing number of visitors are interested in
Tbilisi, as well as in Georgia. Tourist potential includes the historic buildings, local culture
and cuisine as well as local landscapes and nature. Also in this case the city should
initiate and support projects helping local tourist industry who are aiming at building an
integrated system of tourist information and a complex offer addressed to various types of
tourism. The integration of the environment institutions can have a positive effect on the
quality of the tourist offer
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