Business brief for April 27th-May 3rd

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McMaster signs order reducing regulations

Gov. Henry McMaster was joined by cabinet officials recently to announce that he has issued Executive Order 2017-09, which provides state agencies with guidance on reducing regulations. 

The order is designed help maintain and expand the state’s competitive business climate, according to a press release. 

“Burdensome regulations must never hurt our main street businesses or weaken South Carolina’s competitive edge in economic recruitment,” said McMaster. “This Executive Order demonstrates my administration is committed to a transparent and business friendly regulatory environment that will foster growth and prosperity for all South Carolinians.”

According to the press release, “Recognizing that businesses thrive when regulatory enforcement is transparent, consistent and independent from political influence, Gov. McMaster issued this order that establishes a framework to ensure responsible regulation by taking the following steps:

• Utilizes a common sense Rotarian style four-part test before promulgating regulations;

• Identifies current regulations that need elimination;

• Promotes transparency by posting all information on regulation process online.”

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