ECONOMIC DEVELOPMENT OF REGION THROUGH ESTABLISHMENT OF INTER-SECTORAL CLUSTER IN PENZA REGION
This article considers the problem of creating conditions for the formation of intersectoral financial and construction timber industry cluster in the region. The relevance of formation of innovative-investment construction cluster is substantiated by the complex (socio-economic and technological) development of the region through the modernization of the construction industry, woodworking and farm forestry. The goal of the research is to improve the formation and management of innovative-investment construction cluster in a competitive environment. The interdisciplinary economic cluster extends interrelation and penetration of both non-specific technologies and traditional industries into innovative production in the region. Based on the survey of the development of construction complexes in the Penza region the article substantiates the idea that the cluster will promote the growth of profits, productivity and innovation activity of enterprises, intensive development of small and medium businesses, attraction of direct investments, ensuring social and economic development of the region.