DEVELOPMENT OF SMALL ENTREPRENEURSHIP IN ATCS

The organization of the work of the amalgamated territorial communities (hereinafter - ATCs), as well as the transformation of local self-government systems and the administrative-territorial structure of most countries in Europe, including Ukraine, are influenced by dynamic changes in the conditions of democratization, urbanization, the transition to a legal system of checks and balances. The implementation of the decentralization reform has the greatest impact on the organization of small entrepreneurship, its promotion and financial support. An in-depth study of this subject matter is necessary to create a highly efficient business environment in a decentralized and social cohesion of modern society, which makes the outlined issues relevant. Based on the outlined aspects, the purpose of the academic paper is to analyze the state and prospects of small entrepreneurship development in terms of regional decentralization of power and democratization of society both at the level of national economy of Ukraine and in the context of global, European practice, in particular. Research methods: comparison, system-structural research, statistical-analytical, tabulated, graphic, analytical modeling, as well as methods of abstraction and analysis. As a result of the study conducted, it has been determined that the implementation of European cohesion policy and decentralization strategy are effective measures in the context of stimulating small entrepreneurship at the level of territorial communities. It is evidenced by the high level of fiscal/financial decentralization indices in a number of European countries, the creation of a favorable business environment in ATC and the development of innovative activities at the level of small entrepreneurship. It has been found that the importance of fiscal decentralization in the context of small entrepreneurship's development lies in increasing financial resources at the level of ATCs' budgets. Their proportional distribution between the most priority areas of economic activity is the main leverage for stimulating small entrepreneurship at the local level. It has been determined that the domestic practice of organizing local selfgovernment is satisfactory, forasmuch as the dynamics of creation and development of ATCs has a steady upward trend, budget revenues of individual territorial communities are increasing; as a result, small entrepreneurship entities at the local level receive additional investment for development