Workers' Comp. Tops Oklahoma Small-business Agenda
By TIM TALLEY
OKLAHOMA CITY (AP) â¿¿ Lt. Gov. Todd Lamb and Oklahoma business leaders rolled out their legislative agenda for small businesses and manufacturers Tuesday, citing workforce development and sweeping changes to the state's workers' and unemployment compensation systems as their top priorities.
Developed during a series of summits with small-business operators across the state last fall, Lamb said the legislative proposals will help remove obstacles that can prevent small businesses from thriving in the state. Lamb said 97.2 percent of all Oklahoma employers are small businesses.
"Small business and small manufacturer owners are on the ground every day working hard to make Oklahoma strong," Lamb said.Fred Morgan, president and CEO of the State Chamber of Oklahoma, said the summits gave business and elected leaders the opportunity to hear directly from Oklahoma business owners about their challenges. Morgan said 70 percent of his organization's members are small-business owners. "That's the backbone of the Oklahoma economy," Morgan said. "There are small-business issues that we need to address." Morgan said the State Chamber's top legislative priority this year is replacing the workers' compensation system, which adjudicates claims in an adversarial court system, with an administrative system that supporters say would reduce costs and speed up benefits to workers who are injured on the job. Lamb said Oklahoma's workers' compensation system is the nation's sixth-most expensive, but proposals to alter it have been met with resistance in past years. "Some people just have a problem with change, because it's change," Lamb said. Gov. Mary Fallin and leaders of both the House and Senate have said they support changes to the workers' compensation system, the lieutenant governor said. Other legislative priorities include increasing efforts to build a skilled workforce for the state and creating a student safety net to encourage those who do not finish high school or college to develop a skill or learn a trade.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts