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For businesses to create jobs and stimulate the economy, they must be able to operate under regulatory policies that are predictable, reasonable, and clear. Policies that are burdensome and complicated simply add to the cost of doing business, thus reducing the amount of money a company can reinvest in increasing wages, providing benefits, and expanding operations.
All regulatory requirements should be examined carefully to ensure that they are necessary and not duplicative. Additionally, application and permitting processes should be streamlined to achieve maximum efficiency and compliance.
Companies and employees strive to maintain safe and complaint workplaces. All regulatory policies should be weighed against the cost of compliance to ensure that the public good is actually being served.
The regulatory burden on Iowa companies discourages business investment and slows economic growth and job creation.