Durant: Reforms cut unnecessary red tape.
Small businesses in New York today face a better regulatory environment than they did just a few years ago, according to a new report.
The report, released by the Cuomo administration last year, has some good news for NFIB members, says State Director Mike Durant.
“Senseless and redundant regulations have been driving up the cost of doing business, particularly small businesses, in New York State for decades,” Durant said in a statement. “Governor Cuomo has rightfully shown leadership in cutting unnecessary red tape, and we applaud his administration in this necessary and comprehensive first step toward dramatic regulatory reform.”
We read the 47-page report, “Administrative and Regulatory Reform for Businesses in New York, 2011-2014,” which was released Dec. 30, so you can spend time on what only you can do: owning, operating and growing your small business.
Here are three things to know about what the report means for your New York small business.
1. The Cuomo administration has implemented approximately 200 pro-business regulatory reforms.
The reforms, Durant said, will help businesses “increase revenue, lower costs of doing business and expand operations.”
2. The report is aimed at helping small businesses.
“Small business” is mentioned 10 times in the report. From state agencies such as Empire State Development to the Office of General Services to the State Liquor Authority, the report documents a number of regulatory changes that are small-business friendly reforms.
For example, the State Liquor Authority eliminated the prohibition on having more than one type of manufacturer’s license on the premises of a brewing or beverage facility. This “reduces [the] financial burden on small businesses associated with operating separate manufacturing facilities for different beverage types.”
3. The report includes a number of business-friendly changes to the Workers’ Compensation Board.
The report includes nine changes—much of the final two pages of the report—to the state’s Workers’ Compensation Board, long an obstacle for small business owners. The reforms “reduce workers’ compensation costs” and the “administrative burden” on owners. For example, it expands the practice of resolving cases without a formal hearing, and created an eClaims system so businesses can save time by submitting claims information digitally.