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1 in 3 Employees Plan to Quit if Employer Doesn’t Offer Work From Home

  • Informal poll on professional network Blind gauges how likely employees are to quit if their employer does not provide work from home option after the COVID-19 pandemic
  • More than one in three say they would look for another job, while more than one in 10 have already negotiated permanent remote work arrangements
  • Comments accompanying the poll often criticize office policies as inefficient
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Health Experts Raise Concerns About Effect of Relaxed Capacity Restrictions on Connecticut COVID-19 Numbers

  • Some health experts raise concerns about the lifting of business capacity limits in Connecticut, connecting them with a recent increase in COVID-19 cases
  • Restaurant industry pushes back on charge that greater indoor dining capacities may have helped fuel the rising caseload
  • More than 2 million people in Connecticut have received at least one COVID-19 vaccine dose
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Business News Roundup, April 7, 2021

An upgraded IMF forecast, an accelerated COVID-19 vaccine timetable and delay in virus-related OSHA standard, Amazon support for a corporate tax hike, the White House steps back from vaccine passports, and an advance for recreational marijuana legalization in Connecticut are…

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Aviation Manufacturers and Suppliers Will Receive $3 Billion in Payroll Support Under ARP

  • Aviation Manufacturing Jobs Protection program established under American Rescue Plan provides $3 billion to help aviation companies retain and rehire workers
  • Program will provide a 50 percent match to help qualifying companies maintain compensation
  • More than 1,000 aerospace companies are located in Connecticut
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SCORE Connecticut Seeking Volunteers

  • SCORE Connecticut puts out a call for volunteers
  • Volunteers serve as mentors, subject matter experts, workshop presenters, and more
  • All volunteers are currently working virtually
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U.S. Chamber Inviting Businesses to “Rally for Recovery Commitment”

  • U.S. Chamber looking to rally companies around the common goals of ending the COVID-19 pandemic and safely reopening
  • Rally for Recovery Commitment sets three goals for businesses to pursue
  • Companies that sign up for the initiatives receive updates on expert advice and other guidance
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Consumers Increasingly Likely to Value Diversity in Businesses, Yelp Analysis Finds

  • Yelp finds a surge of searches for Latino-, Black-, women-, and Asian-owned businesses on its platform
  • The analysis suggests support for diverse businesses is driven in part by a desire to reject racism and sexism
  • Yelp also finds that these businesses tend to earn better reviews and are more likely to engage with user feedback
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Business News Roundup, April 6, 2021

A call for a global coordination on corporate tax rates, new CDC disinfection guidelines, a small business antitrust coalition, a brisk pace in Connecticut's vaccination efforts, a new advocacy group for Connecticut's manufacturing sector, and a new hire at CCAT…

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Corporate Tax Rate Hike Becoming Focal Point of Biden Infrastructure Plan; How Would It Affect Small Businesses?

  • President Joe Biden proposing to increase corporate tax rate from 21 percent to 28 percent to fund an approximately $2 trillion infrastructure proposal
  • Several business groups have proposed this strategy, with one saying that a disproportionate number of C corporations have fewer than 20 employees
  • Other tax reforms could potentially impact pass-through entities like sole proprietorships, partnerships, LLCs, and S corporations
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Sexual Harassment Incidents Can Have Immediate Effect on Company Value, Analysis Finds

  • Analysis of sexual harassment scandals associates them with an average market value loss of 1.5 percent after the scandal becomes publicly known
  • Losses are steeper if the scandal attracts prolonged media attention or if the CEO is involved in misconduct
  • Companies that reveal incidents on their own or take action against those involved typically mitigate their losses
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