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NFIB Poll: Labor Challenges Continue to Dog Employers at End of 2021

  • National Federation of Independent Business jobs report for November finds that labor quality and labor costs remain the most pressing issues for small businesses
  • Most businesses continue to struggle to find qualified applicants
  • Business owners rely on compensation increases in a bid to attract workers
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With Supreme Court Decision Pending, OSHA Set to Begin Enforcement of Rule on COVID-19 Workplace Vaccination Policies Today

  • First deadline on OSHA rule requiring employers with 100 or more workers to establish COVID-19 vaccination policies arrives
  • Emergency temporary standard is being considered before the Supreme Court after conflicting rulings in the federal circuit courts
  • A second deadline, requiring workers eligible employers to either get vaccinated or submit to weekly testing, arrives Feb. 9
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Small Businesses Anticipating Greater Credit Needs in 2022

  • JPMorgan Chase survey finds growing share of companies expect greater credit needs this year
  • More than half of respondents say they plan to expand into new markets and locations, with a similar share looking to innovate or diversify their products
  • Business leaders are more optimistic than a year ago, but less optimistic than they were during the summer
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Connecticut Providing $17.9 Million in Grants to Remediate Blighted Properties

  • Connecticut approves $17.9 million for remediation of blighted properties in 13 towns and cities
  • Grants will support the overhaul of 40 properties to return them to public use
  • The Brownfield Remediation Program aims to spur economic growth while cleaning up contaminated sites
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Jobs Growth Continues in December, But at Slower Pace Than Expected

  • Jobs gains continue steady growth but proceed slower than expected in December, adding 199,000 positions
  • Leisure and hospitality continues to drive growth, but remains 2.1 million jobs short of pre-pandemic levels
  • Unemployment rate falls 0.3 points to 3.9 percent
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Business News Roundup, Jan. 7, 2022

A Supreme Court hearing on proposed COVID-19 vaccine mandates, doubled growth in early stage company funding, and a major blow to movie theater attendance are among the top business news items this morning. National The Supreme Court will meet today…

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CFPB Weighing Expansion of Data Collection Requirements for Small Business Lending

  • Consumer Financial Protection Bureau weighing expansion of data collection requirements for financial institutions engaged in small business lending
  • Data would highlight factors such as the amount and type of small business credit sought by borrowers, the amount extended, and demographic information about applicants
  • The CFPB says the data could better identify small business lending trends and needs, though the proposal has also prompted calls for a more cautious approach
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Connecticut Department of Labor Allowing “Catch-Up” Period for Paid Leave Deductions Through March 31

  • Connecticut Paid Leave Authority announces catch-up period for employers who fell behind on payroll deductions in 2021
  • Eligible employers have been required to withhold 0.5 percent from employees’ paychecks to support Connecticut’s paid family and medical leave program
  • Through March 31, employers may deduct up to 1.5 percent
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Connecticut Launches $70 Million Workforce Training Program Directed at Workers Impacted by COVID-19

  • Connecticut launches CareerConneCT, which is designed to help workers whose employment was impacted by the COVID-19 pandemic
  • Program will allow participants to receive the necessary credentials and job placement services to find employment in in-demand industries
  • Grants are available to training providers
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