The consideration in this paper is given to innovative model of development of traditionally industrial territories. We emphasize\ud the following basic approaches to the employment of innovative potential of territories: diversification and restructuring of local\ud economy, integration and disintegration of life-sustaining activity of neighboring territories, progressive economic advance, as well as\ud simultaneous combination of several approaches (mixed model). Progressive model of development is sufficiently popular and is related\ud tothe increasing already existing potential of territories. In practice,it doesn’t generally suppose essential changes in sectoral structure of\ud local economy and means developing existing productions and spheres of activity of territory.\ud Mixed model of structural transformations is characterized through the fact, that it supposes simultaneous use of different elements\ud from the models counted. It allows: firstly, to adopt in a bigger extent a complex of measures to conditions of certain territory; secondly,\ud to take into account a broader range of exogenous and endogenous factors; thirdly, to raise the effectiveness of the program of structural\ud transformations being realize
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