Author(s)

Yanchen Liu

Corresponding Author

Yanchen Liu

ABSTRACT

Micro and small enterprises are essential components of the socialist market economy, serving as a driving force for the development of the national economy and an indispensable powerhouse in our country's economic progress. Exploring how the government can formulate precise and effective policies to support the growth of micro and small enterprises has become an urgent challenge to address. To this end, this article takes policies for fostering innovation and entrepreneurship in micro and small enterprises as its research subject. It investigates the current status and issues of local government policies aimed at supporting innovation and entrepreneurship in these enterprises. In response to these issues, comprehensive strategies are proposed to facilitate the better and faster development of micro and small enterprises. The paper starts by introducing relevant theories and concepts related to promoting business development, followed by a review of the current policies supporting micro and small enterprises. Subsequently, focusing on micro and small enterprises as the research targets, an analysis of the role of government policies in promoting their growth is conducted. The deficiencies in the existing support policies are identified, and solutions are put forth to address these shortcomings. These solutions include the establishment of specialized institutions, policy advocacy campaigns, and incentives for talent attraction and support. These recommendations offer valuable insights for further refining policies.

KEYWORDS

support enterprises; Innovation and development; Policy research