Regulartory Flexibility
In an effort to minimize the regulatory burden on small business, Governor Beebe signed Act 143 of 2007 which created a process called regulatory flexibility in the state of Arkansas. Through Act 143 the Governor and the legislature have challenged Arkansas’ regulatory agencies to establish rules and regulations to protect our citizens, while also being mindful of the financial burden that over-regulation can impose on our state’s small business owners.
Act 143 requires a regulatory agency to submit an economic impact statement that determines:
- The types of small businesses affected by the proposed regulation,
- A description of any adverse effect on small businesses,
- The cost to small businesses,
- Alternative measures that could be considered, and
- A comparison of similar rules in other states.
Then you must send a copy of the proposed rule or regulation and the economic impact statement to AEDC for review.
Patricia Brown, the leader of AEDC's Small Business Development Unit, is the point of contact for regulatory flexibility. If you have questions, you may contact her at 682-6105 or pbrown@arkansasedc.com. To expedite the review process all submissions to should be emailed to Patricia Brown at the address listed above.
