In the Odessa region, six more companies will receive compensation for interest on loans

11 March 2019, 14:00
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Another six enterprises of the Odessa region were entitled to compensation at the expense of the regional budget of 10% on loans for the development of their own business. In total, 11 applications were received for consideration by the competition commission. This was reported by Director of the Department of Economic Policy and Strategic Planning of the Odessa Regional State Administration Dmytro Radulov.

"All the winning projects are representatives of small or medium-sized businesses. The total amount of loans they plan to attract is UAH 17 million. These funds will be spent on development: procurement of equipment for the production of goods from nylon, sewage pipes, canned goods, creation of a nut elevator, etc. In addition, entrepreneurs are able to use a financial instrument from the German-Ukrainian fund and pay only 4-5% per annum for using the loan ", - said Dmitry Radulov.

These enterprises created more than 100 new jobs. It should be noted that the program of partial compensation of interest on loans has been in place for the second year running on the initiative of the chairman of the Odessa regional state administration Maxim Stepanov. In support of small and medium-sized businesses in the regional budget-2019 laid 3.5 million hryvnia.

Recall that entrepreneurship development is one of the key priorities of Maxim Stepanov's Strategic Action Plan "Intelligent Region". Currently, 18 enterprises with a total loan portfolio of about 50 million hryvnias have already received the right to compensation. Thanks to the participation in the program, the winners have increased their own production, created more than fifty jobs. In general, they provide work for about 1700 people in the Odessa region.