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PPP with Thrace Economic zone (TEZ) for developing of industrial zones and finding new investors
Published on 05 November 2021
Bulgaria
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About this good practice
TEZ is a successful model of public-private partnership. With over 180 companies and over 2 billion euros of investment.
Resources needed
Public private partnerships and project involvement, apprx. Value needed for developing a better industrial zone is 500 000 EUR
Evidence of success
TEZ proved that business and municipalities can work together. The goal of this partnership is to achieve a real positive economic effect in the development of Gabrovo municipality. With over 180 companies and over 2 billion euros of investment, TEZ has turned Plovdiv Municipality into the industrial capital of the country, thanks to the cooperation between 9 municipalities, two associations and business. For the last two years, investments in TIZ have reached 300 million euros.
Potential for learning or transfer
Such partnerships provide new ways of support for SMEs, especially from industrial zones and can prove to have an impact on SMEs, as a pull factor for considering testing and further implementing new business models. Having an intermediary organisation from private sector as service provider for SMEs can serve as an opportunity to draw strategic directions in new areas.
Further information
Website
Good practice owner
Organisation
Gabrovo Municipality
Bulgaria
Severen tsentralen
Contact
Business development expert