Senator James Moylan has launched the Red Tape Reform Initiative to provide an online platform for the community to report regulatory and procedural impediments or challenges to starting a business on Guam.
In an interview with PNC, the senator said the objective of the initiative is to hear from individuals and businesses alike and address why certain regulations seem redundant, unnecessary or challenging. According to Moylan, the concept already exists in many jurisdictions across the U.S.
“It is for the purpose of regulatory improvements, removing the red tape regarding regulatory improvements for businesses. This is isn’t something new. Across the U.S., there are other states that have introduced this. One of the states that we have researched is in Kentucky. We learned that in Kentucky, they have over 18,000 regulatory requirements that affect individuals and affect businesses. And that is just too much.”
Moylan added: “I’m sure on Guam we don’t have that many but we do have many requirements that we have to look at. Some of these requirements, they may be needed or many could be looked at, or maybe consolidated. Some could be repealed. Or actually removed. Probably some would need updates as well.”
He added: “But who are the ones that are going to tell us about that? These are the business people that are actually looking at this when they start their company. So they know the best and they are the ones that we are looking for with the Red Tape Reform initiative…”
Moylan said he wants to make Guam a business-friendly environment, where one doesn’t have to experience extensive challenges to either start or maintain a business.