Penza Region officials will provide unprecedented support for the business

Penza Region officials will provide unprecedented support for the businessAdministration of Penza region has prepared a unique project to support small and medium businesses and the project has no analogues in any region of the country. This was stated by the Deputy Prime Minister –Minister of Investment and Enterprise Development of Penza region, Vladimir Volkov at the meeting of municipalities’ heads, which took place as a video conference on Wednesday, July 25.

The government is ready to support the businesses to encourage employers to raise salaries and to increase the number of staff, - he said.

Vladimir Volkov also stressed that both newly created companies and those already successfully operating in the region can take part in the new project, according to

The meaning of the developed program is the fact that two thirds of the lending rate on loans to entrepreneurs for business development can be acquitted by the regional budget, - he said.

In addition, according to Vladimir Volkov, Penza businesses can wager on the reimbursement of half of their production costs.

Figuratively speaking, if the head of the company is ready to take on new employees, and he needs to buy a machine for 10 M RUR for this purpose, the government will contribute 5 M RUR to him, - the Minister explained.