LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

• Time for business.
Time for business means first of all the creation of good conditions for the development of
modern economy of a regional character.
The growth of Tbilisi depends on the competitiveness of local companies and on the
number of new jobs. Unfortunately the city business life is not functioning well enough.
The proposed development tendency results from the need to remove the barriers that
local companies, both the existing ones and the set-ups, have to face. These barriers
primarily include the lack of adequate infrastructure and very poor technology transfer
from research centers. The aim is to provide the initial development impulse, trigger the
process of starting new companies and to create the image of the city as an attractive
place for doing business.
The proposed solution results mainly from problems related to the local economy such
as:
- insufficiently developed network of business environment institutions and the lack of
coordinated activities as well as the unconsolidated business community,
- no coherent system of information about services, support programs and investment
opportunities,
- poor competitiveness of companies, the lack of innovation improvement system and
the system of new technology inflow,
- poor access to starting capital,
- no leading sector that would be a driving power for the city.
The undertaken initiatives will meet the needs of Tbilisi companies to maintain their
position on the market and increase their competitiveness, create favorable conditions
for stimulating business activity of local citizens as well as encourage business
organizations to build a strong regional business center. The above will lead to the
following results:
- the increased number of companies,
- introduction and the use of new technologies in production and management,
- more jobs in the SME sector,
- the inflow of companies from the rest of the region.
The main planned initiatives are:
- the establishment and development of institutions specializing in promoting
entrepreneurship and innovation,
- building the infrastructure for business growth,
- encouraging new jobs creation,
- establishing institutions that support entrepreneurship.
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