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Why Companies Should Root Out Unconscious Biases in Pursuing Diversity and Inclusion Goals

  • Research finds that companies are still prone to unconscious biases even if they voice a commitment to diversity and inclusion
  • Study looks at companies that are typically matched with candidates instead of receiving applications from the public at large
  • Employers more likely to give positive ratings to factors determined by socioeconomic prosperity, and expect that women and minorities are less likely to accept a job offer
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Early Stage Connecticut Companies Receive $7.2 Million From Connecticut Innovations at End of 2020

  • Connecticut Innovations announces $7.2 million in investments in 26 companies in the second quarter of its 2021 fiscal year
  • Bioscience, health care information, and IT are principal recipients
  • Investments help leverage $156 million in outside capital
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Connecticut Could Greatly Reduce Capacity Limits as COVID-19 Numbers Improve

  • Announcement expected Thursday on potential rollback in COVID-19 business restrictions in Connecticut
  • Actions could include higher capacity limits and an elimination of the state’s travel advisory
  • Connecticut’s COVID-19 hospitalizations have steadily decreased as the state rolls out vaccines
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InsurTech Hartford and InsurTech NY Join for Spring Conference Next Week

  • Two-day conference will focus on innovative technology affecting the insurance industry
  • A look at where the insurance industry is heading over the next five years, the industry’s role in addressing climate change, and more
  • More than 50 speakers will make presentations during the event
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Business News Roundup, March 3, 2021

The Senate has confirmed two of President Joe Biden's nominees for economic posts, and the administration expects a faster rollout of COVID-19 vaccine. Clean energy matters are gaining precedence in the oil industry, but challenges remain for expanding renewable options…

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Governor’s Council Supports Legislation Aimed at Broadening Economic Opportunities for Women

  • Governor’s Council on Women and Girls backs six bills aimed at expanding educational and workforce opportunities for women and girls
  • Measures would ease the acceptance of out-of-state occupational licenses, deter age discrimination, and improve transportation and child care options
  • Women have been disproportionately more likely than men to leave the workforce during the COVID-19 pandemic
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Connecticut Paid Leave Authority Urges Compliances as 44,000 Businesses Miss Deduction Deadline

  • Approximately 44,000 businesses in Connecticut have missed a registration deadline for payroll deductions to support the state’s family and medical leave program
  • The first contributions from the 0.5 percent deductions are due on April 1
  • Businesses are limited in how much they can deduct from employee paychecks, and could be on the hook for any additional funds due
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Connecticut Women of Innovation Program Opens to Nominations

  • Annual award program honors Connecticut women who are studying or working in STEM fields
  • Nominations open through April 9
  • Eligible candidates should demonstrate leadership qualities and have served as a mentor
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Business News Roundup, March 2, 2021

The CDC is urging Americans to remain cautious as COVID-19 vaccines roll out, and Connecticut says residents should be patient as vaccine eligibility expands. A minimum wage hike will not be included in a proposed $1.9 trillion economic stimulus package.…

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American Rescue Plan Includes Restaurant Relief, Additional PPP, and Other Small Business Support

  • Stimulus bill that passed House on Saturday includes $25 billion in grants for restaurants and bars
  • Approval would also mean additional funding for EIDL grants, shuttered venue operator program
  • Legislation offers only modest additional support for the Paycheck Protection Program
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