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*According to the NFIB Small Business Optimism Index, small business owners have cited regulations as a top impediment to conducting business for over 65 months in a row. (Source: NFIB Small Business Optimism Index)
Regulations in Relation to Small Businesses (view source)
Revision as of 17:03, 10 February 2016
, 17:03, 10 February 2016→Regulations by the numbers
===Regulations by the numbers===
*Today, there are 3,348 federal regulations in the pipeline, with nearly 1/3 impacting small business directly. (Source: The Office of Information and Regulatory Affairs, Unified Agenda 2013)
*United States fell out of the top ten ranks in the ease of starting a business, according to World Bank data. In fact, the World Bank found that it’s easier to start a new business in Portugal, Romania, Panama, Hungary and Belarus than in the U.S. (Source: U.S. World Bank)
*Due to federal regulations, U.S. productivity growth rate is nearly half of its historical rate, dropping from an annual average rate of 2.5 percent since 1948 to 1.1 percent since 2011. (Source: Wall Street Journal, 2014)
*The annual rate of new business starts is about 28% lower today than it was in the 1980s, according to a recent analysis of U.S. Census Bureau data in the Wall Street Journal. (Source: Wall Street Journal, 2014) *Over the last five decades, there has been a tremendous growth of the Federal Register – in 1960 there were 22,877 pages and in 2012 there were 174,545 pages. (Source: Competitive Enterprise Institute) - See more at: http://www.sensibleregulations.org/resources/facts-and-figures/#sthash.I6RSwcYs.dpuf
