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This paper deals with the sector of a regional economy that is related to local population’s activity. This sector is considered ‘embedded’ and can be characterized by the share of personal income derived from entrepreneurship and property ownership. The importance of intellectual types of activities of workers with high level of education is emphasized. Authors of programs for socioeconomic development need to pay special attention to creating markets for business services to keep the population, especially highly educated young people, attached to the local territory. The program measures should include stimulating the establishment of strong ties between outside corporations on the one hand and local enterprises and scientific community on

proceedings of the international scientific-practical conference “business cooperation as a resource of sustainable economic development and investment attraction” (ispcbc 2019)

Local Communities as a Potential for Self-development in Resource Regions of Russia