Theoretical and Methodological Basis of Innovative Development of the Region’s Industry

In the conditions of transition to innovative economy radical changes in all public administration structures were required for the effective work of industrial enterprises of the region. Only by providing a favorable innovative investment environment and creating an effective mechanism for each industrial enterprise the region was able to get on the path of renewal and development. In the article the regional industrial complex and specifics of its development are described in theory. The stages of formation of theories, which hold a special position in the development of regions are highlighted. The directions of innovative-inertial development of the industrial complex are analyzed. Moreover, foreign experience and development models for the of innovative development of the regional industry are provided in detail. The conclusion presents measures for the establishment of research centers.