Governor Matt Bevin has promised to identify and eliminate or revise outdated and unnecessary state regulations that hamper business growth in Kentucky.
The governor announced the Red Tape Reduction Initiative, which will cut through the red tape of excessive and complex regulatory burdens that are a hardship for many business owners and will reduce the amount of government bureaucracy affecting Kentucky businesses, thus making the Commonwealth more employee-friendly.
He said there are more than 4,500 state regulations on the books in Kentucky, and only 15 to 20 percent of them have ever been reviewed for effectiveness or ongoing need. Some regulations add unnecessary costs on businesses and impede private sector investment. These costs all get passed through to the consumer.
Governor Bevin is asking businesses and employees throughout the state to assist in this effort by identifying burdensome regulations and offering suggestions for improvement. A website has been established, www.RedTapeReduction.com, to collect those ideas and suggestions from business owners, as well as, individuals for review.
The governor has already instructed cabinet secretaries to start a review of all government regulations currently on the books. He is also asking all state employees, including those who enforce these regulations, to offer suggestions for improvement.
The initiative has the support of many business organizations throughout the state, including the Kentucky Chamber of Commerce.
You must be logged in to post a comment.