Social entrepreneurship is a growing point for regions’ economy

5th March 2015

Social entrepreneurship is a growing point for regions’ economy, - said the Deputy Chairman of the Federation Council Committee on Social Policy Alexander Borisov, commenting on the results XII Krasnoyarsk Economic Forum

The senator noted the importance of the main topic of the event program dedicated to the expansion of cooperation between Russia and the countries of the Asia-Pacific Region (APR) in the context of the global economic crisis and sanctions imposed by the United States and several European countries on Russia: “For me, as for the head of the working group of the Committee on the Development of Social Entrepreneurship, transition to project cooperation with Asia Pacific countries is crucially important. In these countries support for social entrepreneurship shows its effectiveness for decades and the contribution of social entrepreneurs to the economy of these countries is up to 10-15 percent of GDP”.

Alexander Borisov paid special attention to the outcome of the Forum’s discussion of proposals for SMEs development. In the frames of discussion with the representatives of the Ministry of Economic Development, Chamber of Commerce and Industry of the Russian Federation, “Business Russia”, OPORA RUSSIA”, Civic Chamber of the Russian Federation and others, social entrepreneurship was recognized as one of the priorities in supporting entrepreneurship in the Russian regions.

While some efforts to support small and medium business and economic activity of Russian citizens are being taken in the frames of the Government’s anti-crisis plan, willingness of universities to support the Ministry of Economic Development of the Russian Federation to increase a number of activities to promote social entrepreneurship in Russia as a new growing point of the country’s economy, seems to be evermore crucial. “I am confident that a draft law on government support for social entrepreneurs introduced in the State Duma will provide a sound legal basis for this” – the senator said.

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