To support Advocacy’s mission of examining the contributions of small businesses to the American economy, the Office of Economic Research (OER) spent FY 2023 providing timely and relevant research products, analyzing proposed regulations for small business impacts, and promoting and presenting its research and statistics to small business stakeholders.
In fiscal year 2023, OER published 20 research products, including a series on pandemic impacts. Additionally, OER gave 14 economic presentations to stakeholder groups, worked with Advocacy’s attorneys to review hundreds of federal agency regulatory proposals, described small business economic impacts in Advocacy’s public comment letters, and helped save small businesses $91.3 million in cost savings through economic analysis and recommendations for relief in the federal regulatory development process.