Expansion Management

Reducing Regulation Will Save Jobs Says NAM

Dec. 2, 2011

NAM is a big fan for HR 3010, the Regulatory Accountability Act, and H.R. 527, the Regulatory Flexibility Improvements Act.

The""regulatory system must take into account valid concerns without impeding innovation and job creation," explains Jay Timmons CEO of NAM.

Timmons says that regulations are placing a burden on manufactures that is "impeding their ability to grow, plan for the future and create jobs."

He points out the particular difficulties that smaller manufacturers are facing citing the finding of the Small Business Administration's Office of Advocacy that very small manufacturers pay an average of $28,300 in regulatory costs per employee.

So these two bills will do the right thing by "reforming how regulations are analyzed including mandating that agencies implement the least costly option to achieve the objective.

"Many agencies have been using loopholes to avoid regulatory reviews that Congress intended, and this legislation will put a stop to this practice. Additionally, this legislation takes the important step to subject independent regulatory agencies, such as the National Labor Relations Board, to the same regulatory principles as Executive Branch agencies. "

About the Author

Adrienne Selko Blog | Senior Editor

Focus: Expansion Management & the Biotech & Life Sciences Industries

Email: [email protected]

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Senior Editor Adrienne Selko manages IndustryWeek’s Expansion Management, delivering ideas and information about how successful manufacturers leverage location to gain competitive advantage. She explores the strategies behind why companies located their headquarters, research institutes, factories, warehouse and distribution centers and other facilities where they did, and how they benefit from the decision.

Adrienne is also the editorial coordinator of the IndustryWeek Expansion Management Roundtable events, which unites economic development professionals to network and discuss the latest trends in site location.

As well, Adrienne tells the stories of successful companies in the biotechnology and life sciences industries.

In the past, Adrienne has managed IndustryWeek’s award-winning website, overseeing eNewletters, webinars, and contributed content. Before joining the staff, Adrienne was managing editor of corporate publications at a large regional financial institution. She also ran a public relations and marketing company that published a best-selling healthcare book.

Adrienne received a bachelor’s of business administration from the University of Michigan and is especially interested in wellness and natural health.