Bill Overview
Title: One Stop Shop for Small Business Licensing Act of 2022
Description: This bill requires the Office of Entrepreneurship Education of the Small Business Administration to establish a website that provides licensing and business permit information for small businesses.
Sponsors: Sen. Rosen, Jacky [D-NV]
Target Audience
Population: People who manage or are involved with small businesses globally
Estimated Size: 65000000
- The act targets small businesses.
- Small businesses form a significant portion of the business landscape globally.
- There are more than 400 million small and medium enterprises worldwide.
- Many of these enterprises could benefit from simplified access to licensing and permit information.
Reasoning
- The budget limitation requires ensuring each policy intervention is as cost-effective as possible, potentially enhancing compliance and reducing administrative burdens on small business owners.
- Considering the high number of small businesses in the US, the policy implementation should focus first on sectors where regulatory compliance is most complex and costly.
- As the policy is aimed at improving accessibility to important regulatory information, it may have varied impacts depending on the individual's familiarity with technology, existing regulatory knowledge, and resources.
- The policy may have a high impact on new entrepreneurs or those in sectors with particularly complex licensing requirements.
Simulated Interviews
Restaurant Owner (San Francisco, CA)
Age: 45 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- Managing licenses and permits is always a hassle, anything that makes it easier is good.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Tech Startup Founder (Austin, TX)
Age: 32 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 6/20
Statement of Opinion:
- Finding accurate permit info is a time drain, a dedicated site would be a huge time saver.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 9 | 7 |
| Year 20 | 8 | 7 |
Freelance Graphic Designer (New York, NY)
Age: 27 | Gender: other
Wellbeing Before Policy: 4
Duration of Impact: 5.0 years
Commonness: 7/20
Statement of Opinion:
- A centralized resource would greatly reduce my anxiety about starting a new venture.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 4 |
| Year 2 | 5 | 4 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 6 |
Retail Shop Owner (Chicago, IL)
Age: 50 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 2.0 years
Commonness: 9/20
Statement of Opinion:
- I’ve been doing this for years, but it could be beneficial for new or expanding business owners.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Construction Firm Manager (Miami, FL)
Age: 40 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 1.0 years
Commonness: 7/20
Statement of Opinion:
- While helpful, such a tool might not cover all nuances we deal with in construction,
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Food Truck Operator (Nashville, TN)
Age: 38 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- A centralized database would simplify my expansion plans substantially.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 4 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 8 | 7 |
E-commerce Entrepreneur (Seattle, WA)
Age: 23 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- Sounds like a great resource for someone starting out like me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 7 |
Independent Consultant (Phoenix, AZ)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 6/20
Statement of Opinion:
- This could make my job somewhat easier, but also might reduce demand for my services.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Brewery Co-Founder (Boston, MA)
Age: 30 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 7/20
Statement of Opinion:
- Such a tool could definitely assist us in cutting through the red tape faster.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Yoga Studio Owner (Denver, CO)
Age: 46 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 4.0 years
Commonness: 7/20
Statement of Opinion:
- I can see it helping for expansion planning and keeping track of requirements.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Cost Estimates
Year 1: $25000000 (Low: $20000000, High: $30000000)
Year 2: $15000000 (Low: $12000000, High: $18000000)
Year 3: $12000000 (Low: $10000000, High: $14000000)
Year 5: $15000000 (Low: $12000000, High: $18000000)
Year 10: $15000000 (Low: $12000000, High: $18000000)
Year 100: $15000000 (Low: $12000000, High: $18000000)
Key Considerations
- The cost estimates are contingent upon effective implementation and user adoption of the website.
- Savings and revenue impacts rely on a consistent and proactive outreach program to ensure small businesses are aware of and utilize the resource.
- The potential for increased cyber threats must be moderated with strong cybersecurity measures.