Arkansas small businesses will face a friendlier regulatory environment, thanks to an Executive Order signed by Governor Mike Huckabee. The executive order gives Arkansas’ small businesses a voice in the state’s regulatory process.
“Arkansas’ 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 Arkansas.
The executive order implements elements of small business friendly regulatory legislation. The order encourages entrepreneurial success by requiring state agencies to consider the impact of their policies on small business before they issue final regulations.
By listening to small business, state agencies can ensure that small business resources spent on overly burdensome new regulations are instead available for hiring new employees and making new investments. At the same time, agencies still meet their regulatory goals, such as higher environmental quality, greater travel safety, better workplace conditions, and increased family financial security.
(Source: SBA Office of Advocacy).
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