The article analyzes the practice of using the evaluation techniques to assess the investment climate of the municipality, which will stimulate entrepreneurship. The methodology of the National Rating of the Investment Climate in the Subjects of the Russian Federation is taken as the basis for the adapted methodology. The indicators of the municipal authorities opportunities to provide conditions for attracting investments and stimulating business activity on their territory are presented. In the proposed methodology there are 34 indicators, which are divided into 4 areas: «Regulatory environment», «Business institutions», «Infrastructure and resources», «Support of small business». For each area methods of calculation of indicators are proposed considering their particular implementation in municipalities. Sources of information for calculating the indicators are statistical data, expert evaluation and surveys of local entrepreneurs. In conclusion, methodical recommendations on the use of adapted methods for assessing the investment climate and stimulating entrepreneurial activity in the municipality are given.