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Penza region to receive over 91 million rubles for small, medium business development

11:03 | 10.03.2016 | Economy

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Penza, 10 March 2016. PenzaNews. The Penza region will receive a subsidy of 91.5 million rubles from the Penza region for state support of small and medium enterprises, including family-operated farms.

Penza region to receive over 91 million rubles for small, medium business development

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The distribution of funding for a total amount of 9.61 billion rubles between the Russian regions will be made in accordance with the Russian government decree signed by the Prime Minister Dmitry Medvedev.

According to the notes, the regions will receive the subsidies under the state program “Small and Medium Business Development,” a part of the state program “Economic Development and Innovative Economy.”

This decision is expected to increase capitalization of regional state or municipal programs dedicated to small and medium business development.

In turn, the measures will allow to increase the numbers of SMEs that will be receiving financial support.

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