One-stop small business permitting program; DSBSD to develop improvement plan.
The impact of HB928 centers on the potential simplification of the regulatory landscape for small businesses in Virginia. By developing a one-stop permitting program, the bill seeks to alleviate the burden of navigating multiple regulatory bodies and requirements that small business owners currently face. The plan's assessment may identify unnecessary barriers and promote legislative changes that enhance the efficiency of the permitting process, ultimately contributing to a more favorable business environment in the state.
House Bill 928 introduces a plan for the development of a one-stop small business permitting program to be created by the Department of Small Business and Supplier Diversity. This initiative aims to streamline the permitting process for small businesses by creating a comprehensive improvement plan. The plan is expected to include an assessment of statutory requirements imposed upon small businesses, focusing on their purpose, benefit, cost, and resource needs for implementation. This detailed assessment should culminate in recommendations on whether the existing statutory requirements should be maintained, amended, or repealed.
Debate around HB928 may arise regarding the assessment of existing statutory requirements. There could be differing opinions on which regulations are deemed necessary versus those viewed as excessive. Critics may voice concerns about the potential for repealing certain regulations that protect public interest while supporters are likely to argue for the necessity of streamlining processes to foster small business growth. Furthermore, the bill mandates a structured approach in addressing state requirements, which may lead to discussions about balancing regulatory oversight with economic development goals.