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Business News Roundup, March 24, 2021

Disruption at the Suez Canal, an anticipated mail slowdown, rising gas prices, increasing travel, a supply chain startup, disagreement over emergency powers in Connecticut, and a review process for a State Pier redevelopment are among the top business news items…

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Business Organizations to Receive Support From Community Navigators Under American Rescue Plan

  • Community Navigator Pilot Program to be launched as part of American Rescue Plan initiatives
  • $100 million in grants will be made available to eligible community partners to help improve access to COVID-19 relief programs
  • Funding will also make improvements at U.S. Small Business Administration, including establishment of call center
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Preparing to Start a Business While Working Full-Time

  • Starting a side hustle or setting up a business plan when you’re already working a full-time job
  • Make sure your plan won’t conflict with any company policies
  • Give yourself time to develop a comprehensive plan
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U.S. Chamber Opens Its Salesforce Fellowship Program to Service Members

  • Salesforce Fellowship Program extends into 2021 after successful pilot year
  • Eligibility opens to military service members after the program was originally open only to veterans and military spouses
  • 12-week internships offer training and experience necessary to connect with tech job opportunities
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PPP Likely to See Further Revision After Extension Vote

  • Congress is likely to approve an extension to the deadline for the Paycheck Protection Program
  • Further revisions could follow, such as making an updated calculation for non-employer entities retroactive
  • PPP has undergone significant changes since being reintroduced earlier this year, but only a handful of bills proposing further revisions have been introduced in Congress so far
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Microsoft Report Finds Disconnect Between Leaders and Employees on Remote Work Satisfaction

  • Microsoft 2021 Work Trend Index finds that leadership experience with remote work is considerably out of touch with that of non-decision making employees
  • Younger workers, frontline workers, and women are most likely to say they have been struggling during remote work
  • Report offers suggestions for employers to create a more accommodating workplace as businesses move to a hybrid model incorporating some remote work each week
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Avoiding Biases and Other Strategies for Reducing Post-COVID Long-Term Unemployment

  • Long-term unemployment becoming more prevalent due to the COVID-19 pandemic
  • This factor, coupled with an aging U.S. population, may exacerbate existing biases in hiring practices
  • Employers can adopt strategies to give more equitable review to job candidates
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DOL Providing Funds for States to Expand and Diversify Their Registered Apprenticeship Programs

  • Department of Labor opens grant program to states as part of effort to expand registered apprenticeship opportunities
  • Nearly half of the funding will go to states that support diversity, equity, and inclusion efforts as part of their apprenticeship development
  • Grant program aims to offer a flexible way for states to respond to unique needs in their own markets
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Larger Small Businesses Have Been Better Able to Endure and Thrive During Pandemic, Report Finds

  • Small Business Recovery Report finds that larger small companies have seen better growth during the COVID-19 pandemic and have a more optimistic outlook about the future
  • Fifty-seven percent of businesses have fully reopened
  • Companies show a strong shift toward e-commerce, with one-third planning to expand digital operations
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