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Local Investment

Top Ten Local Policies For 2026

February 27, 2026 Michael Shuman, The Main Street Journal. , , ,
Last month, I circulated a list of the top ten policies that state governments could enact to support local business and local economies. Some of you wanted me to repeat this exercise for local governments, where the ability to enact law is more limited, but there’s also the possibility of moving faster. Most of my suggestions below really suggest how your community ought to carry out economic development (ED), which sometimes is done by your municipality and sometimes by an independent agency. The starting place for most of our readers is to compare this list with what purports to be economic development in your community right now. Note the gaps—I doubt you’ll find more than one or two of my items being taken seriously—and push for change.

One-Stop Shops Can Change The Game For City’s Small Business Growth

July 22, 2023 Nia Richardson, Next City. , , ,
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.
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