The article aims to construct a conceptual model for the effective functioning of economic and innovative growth points in a region, considering regional and municipal limitations of internal and external nature, with the goal of ensuring economic security and effective interaction between the "business-power" system subjects. The research methodology is based on dialectical, systemic, and institutional approaches. The study analyzes the current state and financial stability of enterprises in the Republic of Crimea, as well as the financial independence of the regional budget. It identifies factors affecting the financial stability of economic entities in the Republic of Crimea and proposes a conceptual model for effective interaction between the "business-power" system subjects, taking into account institutional factors. The model also constructs a conceptual framework for the effective functioning of economic and innovative growth points as a territorial socio-economic system under modern conditions. The article concludes with strategic recommendations for regional development, including increasing competitiveness, strengthening resource potential, developing human resources, and creating institutional conditions for regional development. It also suggests the use of situational centers based on the Internet of Things and closed blockchain for monitoring financial and economic security.The article aims to construct a conceptual model for the effective functioning of economic and innovative growth points in a region, considering regional and municipal limitations of internal and external nature, with the goal of ensuring economic security and effective interaction between the "business-power" system subjects. The research methodology is based on dialectical, systemic, and institutional approaches. The study analyzes the current state and financial stability of enterprises in the Republic of Crimea, as well as the financial independence of the regional budget. It identifies factors affecting the financial stability of economic entities in the Republic of Crimea and proposes a conceptual model for effective interaction between the "business-power" system subjects, taking into account institutional factors. The model also constructs a conceptual framework for the effective functioning of economic and innovative growth points as a territorial socio-economic system under modern conditions. The article concludes with strategic recommendations for regional development, including increasing competitiveness, strengthening resource potential, developing human resources, and creating institutional conditions for regional development. It also suggests the use of situational centers based on the Internet of Things and closed blockchain for monitoring financial and economic security.