Small Business
Sustainability & Business
Sustainability: The Key to Small Business Survival?
The report, The Impact of Regulatory Costs on Small Firms via Small Business Administration, assessed the overall cost of federal regulation on small businesses in five major sectors of the U.S. economy. According to the post, Small Businesses Are Hit Harder by Regulations, “the report showed that costs are particularly disproportionate in the manufacturing sector. Small manufacturers’ compliance costs per employee are more than double the costs for mid-sized and large firms. What specific types of regulations are the most costly? Compliance with environmental regulations costs nearly four times as much in small businesses than in large ones, while the cost of tax compliance is more than twice as high in small firms than in large ones."
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