Another support tool launched last year is the job creation incentive program. Within its framework, developers can get the investment project status and a support from the city, if they create jobs along with the new residential housing outside the Third Ring Road and the Moscow Ring Road. Developers of apartment buildings are exempt from the fee for changing the permitted use type a land plot if they invest funds in construction of offices, industrial, commercial, sports, social and educational facilities.
In 2020, Moscow concluded two agreements binding developers to build 100,000+ square meters of office space outside the Third Ring Road. The SZ Pioneer-1 company will build within the first project the Ostankino Business Park office building complex in the Butyrsky subdistrict by the end of 2023. The planned project investments will amount to RUB 5.4 bn. The second agreement was signed by the city with RDK Pioneer LLC and foresees a new retail and office center as part of the Botanichesky Sad transfer hub in Wilhelm Peek Street in the Rostokino subdistrict by 2023 as well. The investment amount is RUB 2.4 bn. As a program implementation result, the city will get new jobs and additional sources of budget revenue through property and profit taxes, and the developer - preferences and commercial spaces to generate potential revenue in the future.