Last Friday, I attended a business briefing at the White House about President Obama’s proposal to consolidate six trade and commerce agencies into one (this move will require congressional approval). Mr. Obama said that the consolidation will improve efficiency for businesses to navigate the federal bureaucracy and put several agencies assisting businesses in one roof. This will also save money and reduce waste, he said. This move will save $3 billion over a 10 year period. He also indicated that he will create a cabinet level position for business, and that this will not require congressional approval. The new “one stop” business website, “Business USA” will provide entrepreneurs with critical information about financing, exports and developing new markets overseas in one place.
What do you think about his proposal?
What is your biggest business challenge in dealing with the government?
I want to hear from you. Please email me your thoughts or add a post to my Linked in page.
ccoughlin@bottomline-growth.com
