Evaluation of the effectiveness of regional support for small business and its role in the development of the region

Abstract

The article is devoted to improving the methodology for assessing the effectiveness of regional support for small business. The article uses an indicator that takes into account discounted cash flows resulting from the activities of small enterprises, as well as tax and non-tax revenues to the regional budget, the wage fund of employees of small enterprises, the value of real options received by regional governments from participating in managing small businesses, the costs of the regional budget for the financial support of small business. The indicator is calculated on the example of the Ryazan and Pskov regions. Keywords—regional economy, small entrepreneurs, small business, regional support for small business, evaluation of the effectiveness of regional support for small business.