24 Dec '08
A $4m business incubator focusing on pre-fab housing is to be built in Solikamsk, Perm region, officials report.
Under plans, $2m is to be received from the federal budget, $1.4m is to be assigned from the regional budget and the remaining $600,000 is to be put up by local officials.
The business-incubator, to be named Verkhnekamye, is to organize production of pre-fabricated housing and laminated timber.
The incubator is annually to set up around 50 new small enterprises and create 500 new jobs.
Timeframes for the project are yet to be announced.