Ensuring economic security of the municipalities: best practices

The subject of this research is the best practices of ensuring economic security of municipalities of the Russian Federation. The object of this research is the process of ensuring economic security of the municipalities. The author meticulously examines the state of economic security of municipalities of the Russian Federation. Special attention is given to monotowns, whose economy is dominated by a single industry or company. It is underlined that the critical state of backbone enterprises usually leads to deterioration of economic security and emergence of crisis phenomena in socioeconomic sphere of the municipalities. The article presents practical experience of restoring the role of the Russian textile factory during bankruptcy proceedings. Rendering support to the backbone enterprises in overcoming crisis situations, the municipalities simultaneously address the issues of ensuring their economic security and socioeconomic development. The novelty of this research consists in the statement that restoration of the activity of backbone enterprises and ensuring economic security in the Russian municipalities is possible, even in the conditions of bankruptcy proceedings of the backbone enterprises. Ensuring the economic security of Russian municipalities is achieved by active support of the backbone enterprises by local communities; implementation of modern management methods in assessment of the state of economic objects, initiation of measures for overcoming crisis phenomena in the economy of municipalities; development of constructive principles as the foundation for supporting the backbone enterprises and ensuring economic security of the municipality. Positive experience acquired by the municipality “Kirzhachsky District of Vladimir Region” in ensuring its economic security by supporting and restoring the role of the backbone enterprise of the district remains relevant, and can be implemented by other Russian municipalities in their management practice.