Jump to Main Content
USA flagAn Official Website of the United States Government
SBA News and Views

Blogs.SBA News and Views

Register

A Regulatory Environment that Fosters More Small Business Growth and Job Creation

Comment Count:
10

Comments welcome on this page. See Rules of Conduct.

A Regulatory Environment that Fosters More Small Business Growth and Job Creation

By Karen Mills, Former SBA Administrator
Published: January 24, 2011 Updated: May 16, 2011

Now more than ever, the government must work to ensure that we have a regulatory environment that encourages and supports entrepreneurs and small business owners who want to grow, create jobs, and continue leading our economic recovery. That means we need to take a hard look at regulations – both new and existing – to ensure that they aren’t a burden on small businesses, and to make changes as necessary.

Last week, President Obama directed federal agencies to do just that.

There are a number of ways agencies can ease regulatory burdens on small businesses. They can extend compliance deadlines for small businesses. They can allow more online filing of forms.  They can create different, more achievable requirements for small firms. And sometimes, they can exempt small firms altogether.

Also, when agencies think about implementing a new rule, the President has now ordered them to give serious consideration as to what impact the new rule might have on small businesses ability to grow and innovate. And if an agency does not provide flexibility to small businesses when they have opportunity to do so, the President is now mandating that they explain why not.

This is part of a larger effort that will help ensure that the regulatory process is more transparent, coordinated, and simplified. For example, there will be a government-wide effort to remove outdated regulations and clarify those that overlap. In addition, agencies will work to simplify existing rules, identifying places where we can ease burdens and help strengthen entrepreneurship.

That’s good news for entrepreneurs and small business owners who don’t have the time or resources to wade through rules that can sometimes be complex or confusing. The new approach will also give small businesses more opportunities – including online tools – to speak up when they see a proposed rule that could hurt their business.

Overall, as the President said, we need to “make it our mission to root out regulations that conflict, that are not worth the cost, or that are just plain dumb.”

Through the federal government’s new focus on this critical issue, we can help reinvigorate America’s entrepreneurial spirit while preserving a common-sense approach to regulations that could impact small business owners. In turn, we can free them to do what they do best: move our economy forward.

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

It are harsh times now, and almost every business is affected by it. Decisions like these must be taken.
I do hope that this doesn't run out of steam and the establishment continue to help out small businesses in as many ways as possible.
Thats really so true - when agencies think about implementing a new rule it get some time very difficult for others though. But does congress provide enough flexibility? If so how will it help the person who not that educated?
This is exactly what the country needs and a lot more needs to be done to ensure the continued success of small businesses since they are the life-blood of the economy and may well be large businesses of the future.
The question for me is does congress provide enough flexibility for those coming out of work and going back onto the job market after a hiatus due to health reasons.
Something tells me that they don't. It's really a problem to find a job after being out of business for some time. Thus personally I make some efforts now to move my business to online, so I will always be able to get access to it from everywhere.
Good information.
Thanks a lot for sharing this with all of us you actually know what you're talking about! Bookmarked. Kindly also visit my site =). We could have a link exchange contract between us!
I've added your feed in order to check out additional posts of yours. Looking forward to more posts on subject. Thanks for the interesting blog!
download free software full version, android tutorial, android apps tutorial to root samsung galaxy: ace, young, mini download bitdefender 2012 total security full version + crack until 2045

Leave a Comment

You must be logged in to leave comments. If you already have an SBA.gov account, Log In to leave your comment.

New users, Register for a new account and join the conversation today!