THE CURRENT STATE AND DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESSES IN THE BAIKAL REGION

Abstract

The modern development of small and medium-sized enterprises has become one of the key drivers of economic growth in the region. Entrepreneurs successfully adapt to rapidly changing conditions; the transformation of the economy contributes to the emergence of new opportunities for business expansion. The article is devoted to the study of the economic aspects of the development of small and medium-sized enterprises in the Baikal region. It highlights the historical stages of the formation and development of small business and the peculiarities of the formation of entrepreneurial activity in this territory. The authors analyzed the distribution of the average number of employees and turnover of small enterprises by main types of economic activity, the impact of geographical location on trade and industry, and also considered support measures that operate throughout Russia and support measures implemented by the regional government, which repeatedly contribute to the development and improvement of the economic situation of residents. The following methods were used in the analysis of the article: historical, logical, comparative and small sample. The article suggests a number of factors affecting entrepreneurship, which allows us to assess the contribution and role of entrepreneurship in the economic and social development of the region. It is concluded that the measures are aimed at easing the financial burden and increasing the availability of resources for business, increasing competition and improving the economic security of the state. The considered financial assistance from the state to entrepreneurs is necessary to overcome obstacles and increase exports of products, conduct marketing research and other activities that will eventually contribute to the development of the regions.