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Capitalizing on Local Investment Opportunities in Ukraine

To foster sustainable and broad-based economic growth, the Ukraine Local Investment and National Competitiveness project encouraged a better business climate, increased competition, and built effective partnerships in the tourism and agriculture industries.

In partnership with USAID, Chemonics strengthened the Ukrainian economy through the Ukraine Local Investment and National Competitiveness (LINC) project. The innovative program design addressed Ukraine’s economic development challenges by using municipal and regional economic strategic planning to drive local investment and increase national competitiveness.

The project created jobs, improved Ukraine’s standing in the World Trade Organization, and enhanced the business environment through design and implementation of competitive strategies, regulatory relief and streamlining, and inflowing strategic investments.
 
Through the project, Chemonics brought like-minded, progressive communities together and harnessed Ukrainian ingenuity and resources to increase the scale of investment opportunities, strategically enhance industry-level competitiveness, and build a critical mass of government and business leaders with the motivation and influence to improve national policy. In this way, while working with select cities, regions, and industries, the project achieved a nationally transformative effect, fostering broad-based sustainable economic growth.
 
Project Results
  • US$4 billion in new investments achieved and 29,000 potential jobs created in target cities and regions.
  • 25 municipalities and eight economic regions engaged in efficient and effective support of enterprise development and investment through adopted municipal economic development and regional competitiveness strategies.
  • 38 public-private partnerships allowed local businesses to contribute to public goals and create a more secure business environment. Public and private sectors invested approximately $1,281,000 to enhance the competitiveness of project-supported sectors.
  • Sales of UAH 15.9 million of Crimean agricultural produce achieved through a continued brokerage by LINC’s experts working with the Crimean producers and larger markets and supermarket chains.
  • The National Investment Portal created to help inform investment decisions. The Portal is a unique in Ukraine online, searchable, nationwide property database containing more than 250 investment proposals with descriptions of their best features. The portal is also linked to local city profiles and business surveys in 80 Ukrainian territories.
  • 26 local governments have improved operations using one-stop-shops through improved practices in licensing, permitting, registration, and regulation. One-stop-shops centralized licensing previously handled by 29 separate permitting-issuing agencies, reducing by a third the time businesses needed to obtain different permits and licenses. Reduction in regulatory delays and costs of permits saved UAH 79.8 million to microenterprises involved in trade and services.
  • More than 400 foreign direct investment professionals trained to serve as economic development champions in communities across Ukraine.
  • Approximately 11, 000 people participated in LINC-sponsored activities.
  • 27 new cultural tourism routes developed throughout Crimea

 

Project Links

Final Report

 

Project Duration: 2009 -2012

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