Creating favorable investment environment for growth of Liepaja and Klaipeda

The project Creating favorable investment environment for growth of Liepaja and Klaipeda will be implemented in cooperation between two local administration institutions of the coastal cities - Liepaja City Council and Klaipeda City Municipality Administration. Project will be implemented in Liepaja city and Klaipeda city with the total population of more than 250 000 inhabitants. Liepaja and Klaipeda face the need to increase the economic activity in order to facilitate economic development and increase the welfere level as the development possibilities have not yet been fully exploited. Both port cities have many similar features and favorable conditions for local and foreign investment possibilities and creation of new work places as well as each of them has different industrial structure which creates a sound base for common activities in order to create the joint favourable entrepreneurship environment and exploit investment attraction possibilities. Acting together in the field of entrepreneurship development and investment attraction will create the advantage of providing larger possibilities and greater attraction for potential businesses and investors, as they will have wider area of operation. At the same time it will allow to benefit from the exchange of experience and joind development plans facilitating cooperation and interrelations on a cross border level. Overall project objective is to exploit the growth potential of Liepaja and Klaipeda, by increasing economic activity and favouring investment in-flow, thus strengthening economic base, facilitating economic development and providing new employment possibilities at both coastal cities. Subobjectives are: 1.Increased economic activity in L&K, 2.Improved cooperation and communication between municipalities and etrepreneurs and investors, 3.Increased recognizability of L&K as cities with investment possibilities and favourable business environment. Project activities will involve actions to set up joint development plan regarding perspectives of cities entrepreneurship development and investment attraction, followed by international conference-exhibition exploring new development perspectives and communication training for partners workers. Set of joint promotion activities oriented towards entrepreneurs and potential investors based on joint marketing strategy elaborated. Introduction and piloting of new investment and business support units, operating with joint functional guidelines and followed by international meeting place and business exhibition in order to set up base for units work. It is expected that 49 partner employees will gain new knowledge and experience prowiding background for better services to entrepreneurs, 460 business stakeholders will be involved in project activities and all 13000 entrepreneurs of both cities will benefit from improved services, communication and cities recognizability.