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Bill Thompson

President, Thompson Pump & Manufacturing Company

Port Orange, Florida
President Thompson discusses how counterproductive regulations have impacted his small business

“Our ability to award pay increases to enable advancement and promotions within the company, to hire new people, to expand the business… all of these are impacted by our ability to pay the bills.  We can be doing a great job but if our money has to be diverted – frivolously or unnecessarily –  it certainly impacts our employees.”

Thompson Pump & Manufacturing Company President Bill Thompson started his pump and manufacturing company in 1970 with three employees.  Although Bill has run his business successfully for the past forty-one years, his biggest challenge remains how federal regulations affect his finances. Even when the company is successful, it can’t expand due to the diversion of funds to frivolous regulations.

Bill Thompson

President, Thompson Pump & Manufacturing Company

Port Orange, Florida
President Thompson discusses how government regulations have impacted his ability to invest in his employees

“Larger businesses are more capable of understanding the regulations and complying with them and handling. I don’t know how real small businesses do it – I really don’t know how they even know what the regulations are, much less have the financial wherewithal to comply with them, to educated and train their personnel.”

Thompson Pump & Manufacturing Company President Bill Thompson started his pump and manufacturing company in 1970 with three employees. Although Bill has run his business successfully for the past forty-one years, his biggest challenge remains how federal regulations affect his finances. Even when the company is successful, it can’t expand due to the diversion of funds to frivolous regulations.