Small manufacturers will benefit from regulatory reforms being considered by the Office of Management and Budget (OMB) according to congressional testimony given today by Thomas M. Sullivan, Chief Counsel for Advocacy of the U.S. Small Business Administration. Sullivan testified before the U.S. House of Representatives, Committee on Small Business, Subcommittee on Regulatory Reform and Oversight.
"For manufacturing firms employing fewer than 20 employees, the annual regulatory burden in 2000 was estimated to be $16,920 per employee nearly 2 1/2 times greater than the $7,054 estimated for firms with more than 500 employees."
(Source: SBA Office of Advocacy)
