Congress should reform the Regulatory Flexibility Act to focus on new businesses younger than two years old and even consider exempting these businesses from most regulations as they develop and implement their business plans.

To Do: Reform the Regulatory Flexibility Act to Benefit New Firms

The engines of a nation's competitiveness, innovation, and productivity are not mom-and-pop small businesses but rather the firms in traded sectors, many of which are big firms.

In Praise of Big Business: Part 1

If we want to restore American competitiveness it’s time to rethink programs designed to help Main Street small business, and how big business can drive real economic recovery.

In Praise of Big Business: Part 2 (Why Government Policy Should be “Size Agnostic”)

In Praise of Big Business: Part 2 (Why Government Policy Should be "Size Agnostic")

The Small Business Administration should redesign Business.gov and undertake a strategic design review of the federal and state small business registration process.

Spur Job Growth By Making Business Registration Easier

Congress should create a Small Business Board program to be operated by the Small Business Administration that focuses on increasing productivity and raising wages in small firms.

To Do: Create Small Business Boards

Low profit margins keep many small businesses from investing in productivity-enhancing technology, which in turn holds down wages. To break that cycle, there should be a federal program that helps them reap economies of scale and scope by collaborating in areas such as R&D, investment, marketing, and health insurance purchases.

Small Business Boards: A Proposal to Raise Productivity and Wages in All 50 States and the District of Columbia

ITIF, Niskanen Center Urge Congress to Bring Small Business Administration into the Twenty-First Century

Congress should focus the Small Business Innovation Research (SBIR) and Small Business Technology Transfer Research (STTR) programs on the highest-impact opportunities with the greatest potential to be commercialized.

To Do: Transform the SBA Into the New Business Administration (NBA)

Recommendation

Details

Editors’ Recommendations

Big Is Beautiful: Debunking the Myth of Small Business

Related

To Do: Reform the Regulatory Flexibility Act to Benefit New Firms

In Praise of Big Business: Part 1

In Praise of Big Business: Part 2 (Why Government Policy Should be “Size Agnostic”)