Secretary of State
Governor Beshear and Secretary Walker celebrate creation of a business one stop
Frankfort, KY -- Secretary of State Elaine Walker was pleased to join Governor Steve Beshear for the signing of Senate Bill 8, which will lead to the development of a complete business one stop. A one stop electronic portal will give businesses a direct link to all state agencies within the Commonwealth in one, simple to use online location. Both Governor Beshear and Secretary Walker made this legislation a cornerstone of their legislative agendas in their efforts to improve the state’s business climate and promote economic development.
Secretary Walker commended the efforts of successive Secretaries of State for beginning the process of streamlining business interactions with the Commonwealth of Kentucky. Secretary Walker cited her own experience as a small business owner, former Mayor of Bowling Green, and Secretary of State, while noting “the establishment of a Business One-Stop would be a valuable tool to improve the entrepreneurial climate in Kentucky. By simplifying businesses’ filings with the Commonwealth we save both time and resources, freeing businesses of red tape and helping them create jobs. In this age of modern technology, Kentucky simply cannot afford to be a follower rather than a leader.”
Under One-Stop, a prospective business will be able to log onto the State’s dedicated business site, register their business or file their annual report, register with the Finance cabinet, pay their taxes, sign up for unemployment insurance and ultimately acquire their professional board’s license. In doing so, they will only need to fill in vital information once rather than multiple times on multiple forms.
Senate Bill 8 was filed in early January and passed at the end of the legislative session. Upon taking office at the end of January, Secretary Walker named this legislation a priority of her office. Along with the Governor’s office, Senator Givens and other legislators, the bill underwent revisions designed to strengthen and increase accountability within the assessment. Additionally, by bringing state agencies together to use existing staff to perform the assessment, the changes to the legislation were able to save the taxpayers over $100,000 by removing any appropriation.
Secretary Walker stated that “because of the leadership of Governor Beshear, the Secretary of State’s office, and the bipartisan support of the State Legislature, I believe a Kentucky Business One Stop will become a reality- not just in our lifetime, but in the very near future.”