For the first time ever, there’s a single Web site that business owners can turn to for all their federal compliance information. When the site is re-launched in October, Business.gov will search for compliance news, information, and federal forms from nearly 100 government Web sites, and compile government compliance contact information from throughout the federal government. With compliance demands on small businesses growing over the past decade, business owners can become overwhelmed.
The average small business owner spends $7,647 per employee staying in compliance with government regulations, according to the U.S. Small Business Administration’s Office of Advocacy. That’s 45% more per employee than larger firms. Small businesses make up more than 99.7% of all U.S. employers, and create more than 65% of America’s net new jobs. Business.gov will help businesses stay in compliance and stay in business with a one-stop place for compliance information from federal agencies ranging from the Environmental Protection Agency to the Department of Labor.