How to fix it:

• Simplify licensing and permitting processes

• Provide targeted tax relief for locally owned small businesses

• Expand access to small business loans and startup capital

• Invest in workforce training programs aligned with business needs

Measures to support it:

• Create a “one-stop shop” online portal for business registration and compliance

• State-backed microloan and grant programs for startups

• Public-private partnerships for job training and apprenticeships

• Incentives for businesses that hire locally