The YagomFest Festival plays a significant role in the socio-economic and cultural development of the region. It helps strengthen social ties, raise the cultural level of the population, and unlock creative potential. The festival includes workshops and educational events that help foster an environmental culture. Holding the festival on the territory of the Yagom forest complex has a comprehensive impact on the surrounding area. On one hand, it stimulates tourism development - the event attracts visitors from different cities and regions of the country. On the other hand, it provides opportunities for small and medium-sized businesses: local entrepreneurs get to present their products and services to a wide audience. This, in turn, stimulates the production of local goods, increases population income, and contributes to the overall economic development of the region. Annually, the festival gathers about 5,000 participants, confirming its importance for both the social sphere and the region's economy.