Madison (October 31, 2011) – The National Federation of Independent Business (NFIB) today applauded Governor Scott Walker for legislation he’ll sign into law Tuesday at the Governor’s Small Business Summit.
“We’re very excited about the summit and the Governor could not have chosen a more meaningful way to participate than by signing into law a bill that has been a top goal for small businesses for decades,” said the organization’s State Director Bill G. Smith.
Walker used the occasion to sign SB-47, a measure that streamlines the states regulatory system and gives small businesses stronger representation in the development of new rules.
“Excessive regulations are just as damaging to small businesses as excessive taxes,” said Smith. “Faced with unprecedented economic challenges, it is essential that regulatory barriers to small business growth and job creation be removed, and we are grateful to Senator Terry Moulton (Chippewa Falls) and Representative John Nygren (Marinette) for introducing this important small business legislation.”
According to a recent Gallup report, small business owners say complying with burdensome regulations is a top public policy concern.
“They don’t have compliance departments or expensive legal teams to help them navigate the labyrinth of regulations at the state and federal levels,” said Smith. “The cost of complying with unnecessary regulations comes directly from their bottom lines, at the expense of new investments and new jobs.”
The Small Business Summit, announced by Walker earlier this year, is a statewide event highlighting the importance of small business in Wisconsin.
“We’re very pleased that policymakers in Madison are beginning to realize that small business is the backbone of our economy,” said Smith.
“More than half the jobs in Wisconsin come from small business,” said Smith. “The Summit is important because it underscores the importance of small businesses and it helps to make our political leaders aware of the impact that their policies are having on growth and job creation.”
For more information about NFIB, please visit www.nfib.com/wisconsin.
