On December 22, in the city of Lutsk, at the premises of VTU No. 6, with the participation of government representatives, a ceremony was held on the occasion of the opening of a business center.

The institution was established with the assistance of the State Committee of Ukraine for Regulatory Policy and Entrepreneurship to implement measures of the Regional Program for the Development of Small Entrepreneurship for 2003-2004. According to the director of the business center, Yuriy Hudz, the purpose of creating the Center is to improve business development in the region by providing various services and consultations to entrepreneurs. For this purpose, the business center employs 7 staff members - specialists in the legal, financial, and accounting fields.