June 11 (Bloomberg) -- Small businesses represent 99.7
percent of all private-sector employers, provide great
innovation and are the most potent force to revive America’s
economy, which cannot grow at a healthy pace without them.
Yet small businesses continue to face unnecessary obstacles
to their success. Despite the adoption of new laws and
regulations aimed at helping small firms, many still confront
crushing regulatory burdens and struggle to get costly, time-consuming permits necessary to do business. They face
overwhelming challenges trying to compete against more loosely
regulated companies in other countries. As one of the largest
insurers of small businesses, we see it every day, both
anecdotally and in the data.