Originally ran in The Sacramento Business Journal on June 7, 2013
Small businesses are the lifeblood of California’s economy, supporting almost 80 percent of jobs within the state. However, they are also the most vulnerable — and in some ways the most unappreciated — sector of the economy.
They are less capable of absorbing increased costs of doing business, and their needs are often ignored when laws and regulations are crafted in Sacramento. According to a recent study by the National Federation of Independent Business, small businesses pay 37 percent more than larger firms to comply with federal regulations alone. Mom-and-pop businesses — the majority of job creators — earn less but are forced to pay more.
Read the full article here.