The role of municipalities and communities in supporting SMEs

Municipalities and communities support SMEs with practical solutions, such as space rental discounts and incubators. Local events and markets allow entrepreneurs to present their services. Cooperation with residents builds trust and strengthens the local economy. Community initiatives help SMEs develop and cooperate with each other. This approach promotes entrepreneurial activity in regions.

Not only the state, but also local governments are actively involved in supporting SMEs, creating a business-friendly environment. Many municipalities offer space rental discounts, business incubator opportunities and assistance in preparing project applications. Community initiatives that promote cooperation between entrepreneurs and residents also play an important role. Local markets, events and co-creation spaces become a platform where SMEs can present their products and services. Such an approach not only strengthens companies, but also creates an active and supportive business environment throughout Latvia.