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Small Business Optimism Improves Slightly in February

  • NFIB Small Business Optimism Index shows slight improvement in February
  • Businesses report challenges in finding qualified workers as their main problem
  • Weaker earnings trends continued, but most respondents satisfied with credit situation
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Environmental Review Completion Marks Progress Towards First Commercial Scale Offshore Wind Farm

  • Interior Department agency completes environmental review for Vineyard Wind I project
  • Proposed offshore facility would be the first commercial scale offshore wind farm in the United States
  • Approval of the project, slated to go into operation in 2023, could come as early as next month
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Fast Company Names “Most Innovative Companies of 2021”

  • Fast Company releases list of the World’s Most Innovative Companies
  • Highlighted companies show “creative problem-solving and fearlessness” in adapting to unfavorable business conditions brought by the COVID-19 pandemic
  • For the first time, the publication’s sector-based lists highlight small businesses
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Business News Roundup, March 9, 2021

An forecast for economic recovery in the United States has accelerated rapidly compared to a few months ago. In Connecticut, legislative efforts are looking to attract tech industries and strengthen manufacturing; the state is also facing legal challenges over its…

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CDC Urges Continued Mask Use and Other Precautions as COVID-19 Vaccinations Proceed

  • CDC guidance suggests that vaccinated individuals can have private meetings without masks in many cases, but should still follow guidance while in public
  • Continued precautions encouraged until the “vast majority” of the population is fully vaccinated
  • Guidance comes as many states lift mandates and other COVID-19 precautions
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E-Commerce Isn’t a Magic Bullet for Small Retailers, But Helps Improve Customer Contact

  • Adopting an e-commerce platform has been a common maneuver for small retailers during the COVID-19 pandemic
  • The strategy can help maintain sales levels, but comes with challenges as well
  • One benefit of using e-commerce is the ability to promote personalized customer service
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Fed Extends Liquidity Support for PPP Loans to June 30

  • Federal Reserve Board extends liquidity facility backing Paycheck Protection Program
  • Facility has been extended several times and is now set to sunset on June 30
  • PPP is still set to expire on March 31 but several business groups and lenders have lobbied for it to be extended
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Poll Shows Broad Support for Biden’s Handling of Pandemic, But President Sees Weakest Support on Economy

  • AP/NORC poll shows strong support for President Joe Biden on his COVID-19 response but lower approval for his handling of the economy
  • A majority of respondents consider the economy to be in poor shape, with mixed opinions on where it will head in the next year
  • Poll reflects a partisan divide as Democratic and Republican perceptions traded places after the 2020 presidential election
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Employees Favor Mid-Week Office Stretch with Remote Work Complementing the Weekend

  • Research has broadly shown that employees favor continuing remote work arrangements but coming into office for part of the week
  • Most employees favor Mondays and Fridays, which could complicate matters for employers seeking to gain additional benefits from a hybrid work model
  • Employers should consider several factors in how they structure their work week
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