Source: Information portal “My Vinnytsia”
Today, at the regular meeting of the executive committee, Vinnytsia Investment Attraction Program 2018-2020 was approved. Its priority tasks are the development of an industrial park, a cluster of cooling equipment production, an innovation and technology park, as well as the work on the development of a logistic park and reconstruction of the airport. The updated Program envisages methodologies and standards of investment attraction and follow up, which are currently the prerequisite and common practice for European countries.
Currently, scaling up investments into the city’s economy and promotion of activities in this area are among the top priorities for Vinnytsia. In view of this, Vinnytsia updated its Investment Attraction Program. This document is one of the instruments of Vinnytsia Development Strategy 2020 implementation, and, in particular, its economic development priority.
Vinnytsia has significant reserves for expanding investment attractiveness. The city has a favorable geographic location, a significant human, industrial, scientific and educational potential. Also, Vinnytsia has rather developed transport infrastructure, the modern system of banking institutions and services. Innovative practices and modern technologies have beeb introduced in municipal management. In the framework of the financial decentralization, the city received additional opportunities for effective use of resources in economic development and increasing investment attractiveness.
The Program was developed by the Economics and Investment Department of Vinnytsia City Council in cooperation with the Partnership for Local Economic Development and Democratic Governance Project (PLEDDG Project).
At the last meeting, PLEDDG Project Senior Expert in Intergovernmental Cooperation and Economic Development Oleh Voytovych mentioned that Vinnytsia Investment Attraction Program was different from similar documents of other Ukrainian cities by the standards of work with and follow up of investors, adopted for the work with business or investors in European countries and in general, in international practice.
Vinnytsia is the first Ukrainian city where the Investment Attraction Program envisages methodologies and standards of investors attraction and follow up. They include “one-stop-shop” system, updating of the information application “Guide for Investors”, algorithm of internal co-operation of city council executive bodies on review and processing of investment proposals.