LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

STRENGTHS
• State and economy reforms after “Rose
revolution”
• Increase in population
• Development of cooperation with foreign
partners and international institutions
• Growing number of visitors
• Improving technical infrastructure
• Beauty of city architecture and city cultural
heritage and unique city center
• Growing public budget revenues and public
investment
• Growing wages and community incomes
• Improved access to funding for citizens and
companies
• Improving municipal services and growing
quality of life
• Increased number of companies
• Increase of foreign investments
• Rapid growth of service and construction
sector
• Growing number of university students
• Large share of people with university
education in the city’s population
• Existing land for production/services
investments and housing
WEAKNESSES
• Decrease of young population
• Poor recognition of the city abroad
• Insufficient funds for quick development tasks
completion
• De-capitalisation of large part of housing and
infrastructure resources; large share of low quality
public space
• Depreciated large post-industrial areas
• Collapse of traditional economy and closing of
many factories that were functioning in the city
before what resulted with huge reductions of work
places
• City economic base still is largely traditional with
limited growth potential
• Workforce without qualifications in new sectors of
city economy
• Low innovation level of local economy – generally
low earning and low asset base type economy
• Insufficient network of roads and bridges
• Small demand for new workers
• Low quality of workforce development services and
programs
• High crime rate and the sense of insecurity among
residents and visitors
• Decrease in work places and growing
unemployment rate
• Large share of educated people among the
unemployed
• Export of raw materials and low processed goods
• Negative balance in foreign exchange
• Significant number of people living in poverty
• Pay gap between men and women
• Lack of highly processed “flag products” to be
exported by the City
• Overstaffed education
• Insufficient level of domestic capital investments
• Poor competitiveness of local business on
international markets
• Significant share of grey area in local economy