It is planned to attract ₴210.5 million in investments.
The Ukrainian government made a decision on August 20 to include a new industrial park, "Technologies and Business," in the Register of Industrial Parks. The park will be located in the Novoyavorivsk community of the Lviv region.
The project aims to create up to 450 jobs in the processing industry. Production will focus on high value-added products, particularly computers, electronic and optical products, as well as electrical equipment.
Vitaliy Kindrativ, Deputy Minister of Economy of Ukraine, emphasized the importance of the new park for the country's economic strategy:
“The development of industrial parks is a component of the economic policy 'Made in Ukraine,' designed to support domestic producers.”
The "Technologies and Business" industrial park has become the 91st registered park in Ukraine and the 23rd added to the Register in 2024.
The initiative to establish the park was put forth by the Novoyavorivsk City Council. It is planned to attract ₴210.5 million in investments from participating investors. An additional ₴1.4 million will be allocated from the local budget for the development of the area.
Inclusion in the Register grants the park the right to state incentives. The budget for 2024 has allocated ₴1 billion for these purposes. Support includes compensation for infrastructure construction costs, connection to power grids, as well as tax and customs benefits.
Source: Ministry of Economy of Ukraine
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