The investment council reviews investment projects (programs) and offers constantly operating advisory to the city administration; is a consultative collegial body created at the city administration for the purpose of review of the questions connected to the investment policy, formation of favorable investment climate, investment development and business activity on the territory of the city Angarsk.

Activity of the Council is aimed towards creation favorable conditions for improvement of economy competitiveness, ensuring stable social and economic development of the territory in the priority directions determined by the Program of a complex social and economic development of the city for next 5 years (2014-2018) approved by the decision of Angarsk City Council of 04.07.2013 No. 121-14gd.

COUNCIL RESPONSIBILITY:

1. Enhancement of investment and business activity in city of Angarsk.
2. Ensuring the maximum social and economic efficiency from investment activity of economic entities in the city of Angarsk..
3. Creation of the conditions promoting growth of investment appeal of the city of Angarsk to attract foreign and Russian investments into city economy.
4. Development and implementation of mechanism of investment activity support at the local level.
5. Support of the city enterprises in market expansion.

THE FUNCTIONS CARRIED OUT BY THE COUNCIL:

1. Preparation of offers and recommendations on:
   • enhancement of investment and business activity in the city of Angarsk;
   • measures of support of implementation of priority investment projects (programs);
   • increase of economic entities efficiency due to effective use of factors of production (natural, human, financial, infrastructure resources and research potential).
2. Creating conditions for competition advantage and strategic development of economic entities.
3. Review and a complex social and economic assessment of appeals by legal entities (individual entrepreneurs) interested in production setup in terms of granting land plots for construction, reconstruction, expansion of production sites.
4. Review of investment projects and offers when forming the register of investment projects of the city.
5. Definition of investment projects priority.
6. Working groups activity coordination (formed at Council) for the performance improvement.
7. Review and approval of the offers under the terms of the concession agreement and tenders giving right to make concession agreement.

MAIN CRITERIA FOR INVESTMENT PROJECTS SELECTION:

The investment project has to correspond to the main trends of a social and economic development of the city and have existence of integrated effect which main components are:

1. the budget efficiency (increase in revenues, decrease in account part of budgets at all levels as a results of project implementation);
2. social efficiency (workplaces increase, improvement of working conditions, salary increase);
3. well planned investment project (business plan, platform research,  sufficient resources for project implementation).