As any growing and developing city in the world, Riga is open to both - startups and investments. Latvia has special startup law. On the city level there is a grant programme for new entrepreneurs and a variety of different information channels. Also, special themed events support startups, such as a special day in year, when all residents are welcome to support small business using their services or buying their goods. As priority economic sectors Riga has defined Transport and storage, Tourism, Manufacturing of computers, Information and communication Technologies, Construction, Food and beverages production, Processing of wood and cork products, Mechanical engineering and metalworking and Electronics and electrical engineering.
In the field of investments, Riga strives to use every opportunity both on local and international level. Currently a special emphasis is put on the development of global business centres.