EU funded projects in BiH

Municipality of Orasje Sustainable Local Economic Development (MOSLED)

PROJECT DETAILS

Sectors Competitiveness and innovation, Regional and territorial cooperation
EU Acquis chapters
Programme Funding Year 2011
Value €391,886
Periods of implementation 2014
Locations ODŽAK, ORAŠJE, DOMALJEVAC-ŠAMAC

Results

1. Entrepreneurial Centre and Business Incubator premises equipped and functional. 2. Newly employed Entrepreneurial Centre staff trained and skilled for service provision and technical assistance to the SMEs. 3. SMEs are educated and trained in business management. 4. Business Zone “Dusine” Sewage System is finalized according to the EU environmental protection standards. 5. Streamlined SMEs access to business loans and credits through accession to the “SME Guarantee Fund” of North-East Regional Development Agency (NERDA) with at least 5 SMEs taking bank loan through the guarantee fund 6. Potential investors informed and aware of the advantages and incentives for investment in Business Zone “through implementation of Marketing Plan and promotional activities, including participation at business fairs in BiH and in the region.

SUMMARY

The project is part of the 5.2 million EUR worth IPA 2011 grant support to the local economic development in BiH which stimulates growth and jobs creation through the enhanced local partnerships and provision of business infrastructure and services. Specifically, the project will provide business development services to SMEs by strengthening the role and capacity of the Entrepreneurial Centre and Business Incubator and by improvement of communal and utility infrastructure in business zone “Dusine” in Orasje. The Entrepreneurial Centre and Business Incubator of Orasje Municipality will provide the range of advisory services (such as marketing, access to finance and use of IT for business development) initially to some 50 SMEs operating in the vicinity of the business zone "Dusine", which will also benefit from an upgrade of the sewer system. The overall Action should improve the commercial and economic viability of the investment proposal for construction of the business zone, in particular after the heavy floods in May 2014. Finally, the Municipality Orasje will contribute with own funding of 50,000 EUR to the SME Guarantee fund of North East Regional development Agency (NERDA) to facilitate access to business loans and credits for SMEs from Orašje and Domaljevac – Šamac localities. More information availabe on project web site: http://www.cp-orasje.ba/projekti/

RESULTS

1. Entrepreneurial Centre and Business Incubator premises equipped and functional. 2. Newly employed Entrepreneurial Centre staff trained and skilled for service provision and technical assistance to the SMEs. 3. SMEs are educated and trained in business management. 4. Business Zone “Dusine” Sewage System is finalized according to the EU environmental protection standards. 5. Streamlined SMEs access to business loans and credits through accession to the “SME Guarantee Fund” of North-East Regional Development Agency (NERDA) with at least 5 SMEs taking bank loan through the guarantee fund 6. Potential investors informed and aware of the advantages and incentives for investment in Business Zone “through implementation of Marketing Plan and promotional activities, including participation at business fairs in BiH and in the region.