Effective management of the industrial park as an investment attraction mechanism

The paper provides a review of the current situation in Russian industrial parks and management and investment attraction practices of other countries. Every year the number of industrial parks in Russian regions is increasing, state and legislative support is growing. Despite this fact, the attractiveness of industrial parks in Russia is not so high as the attractiveness of similar structures abroad. Identifying the fundamentals of Russian industrial park management, the author considers three management models: special, independent, and hybrid and believes that the first one is typical for Russia, since domestic industrial parks are dynamically funded under the state budget. However, none of Russian industrial parks does not correspond to the classical management models, which is caused by a number of reasons. Summarizing international practices of the industrial park management, the author concludes that several administration schemes can be applied in this country in order to attract both Russian and international investors. The analysis of the integrated capacity of the industrial park attractiveness enables investors to invest deliberately according to the development program and considering visible problems in this field.