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September 16, 2004
Important Step in Assuring Regulations Fair to Small Business
The Office of Advocacy of the SBA reports that the state of Rhode Island has taken a major step forward in assuring that regulations do not unfairly burden small business. This is consistent with evidence that shows the importance of a two-pronged approach to supporting entrepreneurial economic development: education and getting government out of the way.
"'Rhode Island's small business owners now have a seat at the table when regulatory decisions are made,' said Thomas M. Sullivan, Chief Counsel for Advocacy. 'When their voice is heard, better decisions are made, and that means more jobs and growth for Rhode Island.'"
Rhode Island is the latest state to move in this important direction. The Office of Advocacy reports that legislation is "pending in 11 states. In the past year, small business regulatory flexibility has been implemented in six other states, most recently in Missouri and Kentucky."
All of these states are following the model legislation written about earlier at this site.
Posted September 16, 2004 07:12 AM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
