Chattanooga is one of eleven cities to take part in the Startup in a Day Initiative which was launched by the White House in partnership with the National League of Cities. An online permitting tool is scheduled to be created in 12 months, which will develop the streamlined system. The Small Business Administration is holding a $1.5 million competition for seed grants to cities committed to the challenge.
“Small businesses are the engine of our local economy. Through this effort, we will cut unnecessary red tape that keeps them from hiring local people and bringing their products to market,” says Chattanooga Mayor Andy Berke. According to a study by the World Bank Group, entrepreneurs spend almost six days in the process of starting up a business. The initiative will look to provide businesses with the tools to cut the process to within 24 hours.