Project 21 members applaud the committee's willingness to focus on the disproportionate impact regulations have on minority businesses. A disproportionate number of businesses fitting that description are owned by black Americans. Just as the poll tax limited black voting in decades past, the mountains of regulations with which small black businesses must contend operate to limit entry into the marketplace or hasten departure therefrom. By their very nature, regulations are applied to business in an inflexible, cookie-cutter approach.
Bureaucrats seem to presume that all businesses have the same overhead, market, and personnel.
Now, the unemployment rate for black teens dwarfs that of whites, reaching 67 percent in some areas. In addition to Peter Kirsanow, Jack Kemp, former Secretary of Housing and Urban Development, and Clint Bolick, Vice President and Director of Litigation at the Institute for Justice, will testify before the subcommittee followed by a second panel of witnesses who have challenged regulatory agencies at the federal, state and local level. Economic policies that spur business creation are the best welfare reform for the black community. Project 21 is an African-American leadership group that seeks to provide common sense solutions to problems plaguing American communities.