The Cost of Doing Business

Rising regulatory fees putting the squeeze on entrepreneurs

sure regulations are applied proportionately based on a company’s size (see “Representation For Hire,” Newspoints, May 2002).

One advocate is the National Black Chamber of Commerce (www.national bcc.org), which has contact with 85,000 businesses. “Many black-owned companies fold because of regulatory issues,” says Harry C. Alford, president and CEO. “Reducing regulations would mean more dollars could be invested into companies, which would ultimately create new jobs, aid the economy, and provide more vitality within our communities.”

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