We've heard from quite a few members this year who tell us they have been visited more frequentlyand treated more harshlyby Occupational Safety and Health Administration (OSHA) inspectors. We haven't yet heard from members who are found in violation of new Environmental Protection Agency (EPA) rules governing lead paint (implementation was delayed). But we expect to. And at last count, there are 744 new federal regulations and rulemakings in the pipeline that could directly affect all small businesses.
A decade-old study by the Small Business Administration (SBA) set the cost of regulatory compliance for businesses with fewer than 500 employees at $5,000 per employee per year. According to SBA, firms with 20 to 49 employees spend, on average, 19 cents of every revenue dollar on regulatory costs. Other studies have estimated federal regulations cause $1.5 trillion in economic output to be lost each year. That's trillion with a "t," and that stands for trouble.
Consider what the roofing industry is facing: