The Role of State Support for Small and Medium-sized Businesses in Ensuring Sustainable Regional Development

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Abstract

The purpose of this scientific work is to determine the role of state support for small and medium-sized enterprises in ensuring sustainable regional development. In the course of the study, existing areas of state support for small and medium-sized businesses were considered, among which guarantees, microloans, loans, subsidies, grants, budget investments were particularly noted. Within the framework of the work, topical problems of the functioning of small and medium-sized businesses were studied, which reflect the need to improve the economic and legal aspects of state support for this sector of the economy. In addition, the study identified the main aspects of the impact of state support on the activities of small and medium-sized enterprises in the context of sustainable regional development, the relationship between the phenomena under consideration was established. The directions of improving state support for small and medium-sized businesses in the context of sustainable regional development were proposed.

Conclusions. The existing state support for small and medium-sized enterprises does not have a sufficient level of efficiency, while its increase is necessary not only from the position of direct assistance to small and medium-sized enterprises, but also from the position of ensuring sustainable development of the regions, since small and medium-sized enterprises act as one of the key sources of this development.

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About the authors

Alexander V. Sablukov

Moscow State Linguistic University

Author for correspondence.
Email: asablukov@mail.ru
ORCID iD: 0000-0003-3499-1896
SPIN-code: 9440-7240

Doctor of Sociology, Professor, Professor at the Department of Sociology

Russian Federation, Moscow

Vladimir M. Yeranosyan

Financial University under the Government of the Russian Federation

Email: VMEranosyan@fa.ru
ORCID iD: 0009-0003-9353-2814

Candidate of Political Sciences, Associate Professor, associate professor at the Department of Sociology of the Faculty of Social Sciences and Mass Communications

Russian Federation, Moscow

Milena R. Danilova

Financial University under the Government of the Russian Federation

Email: MRDanilova@fa.ru
ORCID iD: 0000-0001-7473-2704
SPIN-code: 9045-9078

student at the Faculty of Social Sciences and Mass Communications

Russian Federation, Moscow

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Supplementary files

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2. Fig. 1. The main instruments of state support for small and medium-sized businesses (Source: compiled by a team of authors based on [Kuiz, 2022])

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3. Fig. 2. Directions for improving state support for small and medium-sized businesses in the context of sustainable regional development

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