One-Stop Shops Can Change The Game For City’s Small Business Growth
In February, researchers at the Institute for Justice published a study analyzing barriers to starting small businesses. “Too often, entrepreneurs struggle with local regulatory burdens, finding themselves trapped by high fees, long wait times, and complex paperwork,” the report begins. “These burdens amount to a death by a thousand cuts, unless aspiring business owners can successfully navigate them before reaching opening day.”
The study analyzed the steps required to open a business in 20 large and mid-sized U.S. cities, and their findings were stunning. Opening a restaurant in Boston involves a staggering 92-step process. In Detroit, it’s 77 steps. In Atlanta, it’s 76.