The creative economy development in the regions of the Russian Federation is an area that forms the conditions for creating jobs, preserving intangible aspects to popularize cultural heritage. The rapid pace of the creative economy development is due to the fact that regional budgets may receive additional financial resources to fulfill certain government obligations. The economic issue of developing a creative economy is also important as the preservation of cultural intangible elements of Russian regions. Creative industries as part of the economic system began to develop in foreign countries, but the idea of creative industries and its effectiveness in Russian regions has long been implemented through folk crafts. Russian cultural identity is the basis for the revival of creative industries that shape the economy and cultural code of the regions. Folk crafts and design are voluminous directions in creativity that are synchronized and connected to obtain a material result. Modern trends in the creative industry involve the revival of the forgotten and to put it allegorically today we can say «opening a grandmother’s old chest». A lot of work remains to be done to move from chaotic actions to develop creative industries to form a system with economic results. The author of the article identified the main blocks for the creative economy development and analyzed the folk craft of the Vladimir region as the basis for the strategic development of tourist regions.