The article explores the concept of economic and innovative growth points in the organization of effective regional functioning, focusing on the Republic of Crimea. The main goal is to develop a conceptual model for the organization of effective functioning of these growth points under modern conditions, taking into account regional and municipal limitations of internal and external nature. The study aims to ensure economic security, effective interaction between business and government, and the influence of institutional factors. The research employs a dialectical method of scientific cognition, a systemic and institutional approach to studying and building the organization of effective regional economic functioning to ensure economic security from internal and external threats. The study analyzes the current state and financial stability of enterprises in the Republic of Crimea, the financial independence of the regional budget, and the dynamics of financing of the Federal Target Program "Social and Economic Development of the Republic of Crimea and Sevastopol until 2020." Key findings include the existing mechanism of interaction between "business and power," the financial stability of economic entities in the Republic of Crimea, the financial independence of the regional budget, and the dynamics of financing of the Federal Target Program. The study identifies regional and municipal restrictions of internal and external nature that pose a threat to socio-economic development. It also determines the points of economic and innovative growth at the current stage and their advantages and stages of technical organization of their implementation. A conceptual model is proposed for the construction of effective interaction between subjects of the "business-power" system, taking into account the influence of institutional factors. The conceptual model of the organization of effective functioning of points of economic and innovative growth of the region as a territorial socio-economic system under modern conditions is constructed. The study concludes that state regional policy should focus on solving the following problems: increasing the investment attractiveness of regions and their innovative activity, developing production and social infrastructure, minimizing regional disparities in socio-economic development, strengthening interregional links, and rational use of human potential. Four strategic tasks in the field of regional development are proposed: increasing the competitiveness of regions and strengthening their resource potential, developing human resources, developing interregional cooperation, and creating institutional conditions for the development of regions. For effective management of processes and timely decision-making, it is necessary to monitor indicators by creating situational centers in regions based on the Internet of Things (IoT) and closed blockchain. As preventive measures, a communication system for direct and feedback is needed to provide software for monitoring financial and economic security at the level of an economic entity in real-time. This provision is proposed to be developed, maintained, monitored, and systematically updated at the regional and state level for timely response in the effective targeted use of small and young business financing by the state. The study also highlights the importance of the model of construction of effective interaction between subjects of the "business-power" system. Further research should focus on the systematization of monitoring indicators of financial and economic security at the level of an economic entity in real-time. Development and implementation of pilot projects on theThe article explores the concept of economic and innovative growth points in the organization of effective regional functioning, focusing on the Republic of Crimea. The main goal is to develop a conceptual model for the organization of effective functioning of these growth points under modern conditions, taking into account regional and municipal limitations of internal and external nature. The study aims to ensure economic security, effective interaction between business and government, and the influence of institutional factors. The research employs a dialectical method of scientific cognition, a systemic and institutional approach to studying and building the organization of effective regional economic functioning to ensure economic security from internal and external threats. The study analyzes the current state and financial stability of enterprises in the Republic of Crimea, the financial independence of the regional budget, and the dynamics of financing of the Federal Target Program "Social and Economic Development of the Republic of Crimea and Sevastopol until 2020." Key findings include the existing mechanism of interaction between "business and power," the financial stability of economic entities in the Republic of Crimea, the financial independence of the regional budget, and the dynamics of financing of the Federal Target Program. The study identifies regional and municipal restrictions of internal and external nature that pose a threat to socio-economic development. It also determines the points of economic and innovative growth at the current stage and their advantages and stages of technical organization of their implementation. A conceptual model is proposed for the construction of effective interaction between subjects of the "business-power" system, taking into account the influence of institutional factors. The conceptual model of the organization of effective functioning of points of economic and innovative growth of the region as a territorial socio-economic system under modern conditions is constructed. The study concludes that state regional policy should focus on solving the following problems: increasing the investment attractiveness of regions and their innovative activity, developing production and social infrastructure, minimizing regional disparities in socio-economic development, strengthening interregional links, and rational use of human potential. Four strategic tasks in the field of regional development are proposed: increasing the competitiveness of regions and strengthening their resource potential, developing human resources, developing interregional cooperation, and creating institutional conditions for the development of regions. For effective management of processes and timely decision-making, it is necessary to monitor indicators by creating situational centers in regions based on the Internet of Things (IoT) and closed blockchain. As preventive measures, a communication system for direct and feedback is needed to provide software for monitoring financial and economic security at the level of an economic entity in real-time. This provision is proposed to be developed, maintained, monitored, and systematically updated at the regional and state level for timely response in the effective targeted use of small and young business financing by the state. The study also highlights the importance of the model of construction of effective interaction between subjects of the "business-power" system. Further research should focus on the systematization of monitoring indicators of financial and economic security at the level of an economic entity in real-time. Development and implementation of pilot projects on the