Most of the time when a state or local government is facing a budget shortfall, it ends up raising fees or taxes to make up for the difference. But cuts in Hernando County, Florida, may actually make it easier for entrepreneurs to do business, the St. Petersburg Times reports.
Workers have recommended that the government change or remove several regulations that the county doesn’t have the resources to enforce. Among those laws, the paper reports, is a county zoning law that prohibits the operation of home-based businesses.
The removal of that regulation would give many entrepreneurs – who can’t afford traditional office space – the ability to start a corporation and, over time, create additional jobs in the area – which has seen high levels of unemployment.
Millions of entrepreneurs have had great success after starting out as a home-based business, including those who founded Apple, Hershey and Ford. According to statistics from Business.gov, home-based companies make up more than half of all small businesses currently operating in the country.