For Business and Investors

The international technical assistance project “Building capacity in evidence-based economic development planning in Ukrainian oblasts and municipalities” (EBED project) is aimed at building the capacity of oblast state administrations and executive offices of city councils in local economic development planning using the tools of quantitative analysis and forecasting.
 
It is a five-year project: from March 2010 to February 2015. Geography of the project covers the Dnipropetrovsk and Lviv oblasts. EBED project participants are the cities of Lviv, Drohobych and Chervonohrad in Lviv oblast and the cities of Dnipropetrovsk, Kryvyi Rih and Nikopol in Dnepropetrovsk oblast.
 
 
Benchmarking of the main competitiveness factors will be used to determine the competitive advantages of cities, which is an important element of setting priorities of their economic development. Comparative analysis of the competitive advantages will allow municipalities to compare their results with indicators of their actual or potential competitors in Ukraine and Europe. Benchmarking of municipal competitiveness will cover the following areas: available resources, the level and dynamics of economic development, productivity of labour and employment, investment activity and business environment, infrastructure and transport, education and innovation, and more.
 
Demographic trends have a significant impact on future costs, revenues and economic potential of cities. Each city will develop a long-term demographic forecast, which will allow assessing the future impact of demographics on local economic development.
 
A realistic assessment of future economic conditions is a key element of long-term planning of economic development. Based on forecasts of labour and work productivity for each city a GDP forecast will be developed. It will determine the key factors of productivity of municipal economy.
 
The fiscal forecast will determine the future scope of available budgetary resources for implementation of the strategic priorities of economic development of the city. It will be developed basing on economic forecasts and will determine the actual capacity of each city to implement economic development strategies.
 
Strategic priorities for economic development of cities will be determined basing on benchmarking of their competitive advantages and on assessment of future demographic, economic and fiscal conditions and restrictions. Priorities will be discussed and agreed with all stakeholders, including businesses. As a result of these consultations EBED Project together with the local authorities will upgrade existing policies and economic development plans of the participating cities.
 
The EBED project is managed by the Conference Board of Canada (www.conferenceboard.ca) – the largest no-profit organisation in Canada engaged in applied research in public policy, economic development and human resources. The project is funded by the Canadian Government through the Canadian International Development Agency (http://www.acdi-cida.gc.ca/home).