Organizational and economic tools to increase the contribution of small business to the sustainable development of the region

Abstract

Abstract In modern conditions, entrepreneurial activity is increasingly becoming the basis of prosperity and economic stablity of industrialized countries. The contribution of small business in solving problems of sustainablity and further development of the есоnomy of Ukraine, job creation, meeting the needs of national and regional economies and the population in goods and services, is becoming increasingly important in modern conditions. The article substantiates the organizational and economic tools to increase the contribution of small business to sustainable development of the region, taking into account the informal component of reducing excessive administrative pressure, which provides аn opportunity to determine the optimal level of administrative requirements for economic entities. The key determinants of effective socio-economic development of individual regions that need priority attention are identified: infrastructure, investment, innovation, institutions and initiative. The conceptual model of social and economic development of the region and the algorithm of formation of priorities of sustainable development of the region taking into account the specified factors are offered The directions of increasing the socio-economic contribut.