Financial and infrastructural aspects of investment and innovative development of municipalities of the Moscow region

Abstract

One of the most important tasks of Russia in maintaining global competitiveness is to create the necessary conditions and incentives for investment and innovation development. The article discusses the features and limitations of enhancing innovation at the municipal level on the example of the Moscow region in the context of financial and infrastructural factors. The authors studied the policies pursued by local authorities aimed at creating internal sources of financing for innovation, supporting entrepreneurship, and developing the infrastructure for supporting innovative businesses.

Keywords

• innovative development
• investment
• innovative infrastructure
• municipalities