The new industrial parks – Khotyn Invest and Energy Bukovyna – were opened in the Chernivtsi region, according to a statement from the Chernivtsi administration. It is noted that the parks will work to attract investments, create new jobs, support local manufacturers, relocate businesses, promote small and medium-sized enterprises, etc. The primary functional purpose of Khotyn Invest is the processing industry, textile and woodworking production, machine building, food industry, and processing and storage of agricultural products. Also included are the production of plastic and metal products, logistics services, professional, scientific research, and technical activities. The main operational areas of the Bukovyna Energy Park are woodworking and textile production, the processing and food industry, and innovative technologies.