Strategy 6: Decrease the Tax and Regulatory Burden Facing Rhode Island Businesses
Rhode Island must improve its business and tax climate and reduce the regulatory burden facing the state’s businesses.
Action: Expand RIEDC’s RegFlex program
RIEDC is home to the RegFlex program. Under RegFlex legislation, new regulations that effect small business is evaluated prior to implementation. RIEDC will strengthen the RegFlex and Small Business Advocate program run via RIEDC’s Every Company Counts service. An interagency directive will introduce the program and articulate the process for submitting proposed regulations and will establish an advisory committee of small business experts and owners to assist the Small Business Advocate in reviewing proposed regulations.