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Executive Order Seeks to Identify Weaknesses in U.S. Supply Chains

  • President Joe Biden signs executive order to review weaknesses in American supply chains
  • Action marks a first step in efforts to creating a resilient supply chain that is better able to endure major disruptions
  • Initial review to look at four areas, with follow-up within one year of supply chains for six sectors
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Connecticut House Passes Laws on Commuter Taxation, Hairstyle Discrimination

  • Bills aimed at preventing double taxation for commuters, prohibiting discrimination based on hairstyle pass by wide margins in Connecticut House
  • Measures amend definitions of discrimination and assist Connecticut residents who work out of state but were employed remotely during the COVID-19 pandemic
  • Legislation will go to the Connecticut Senate for a final vote
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“Ghost Kitchens” Provide Support for Food Entrepreneurs During COVID-19 Pandemic

  • Kitchens set up for delivery only give existing restaurants a chance to expand their reach and new food entrepreneurs an opportunity to keep their expenses down while breaking into the market
  • The model has gained popularity due to COVID-19, and one analysis suggests that ghost kitchens could be a $1 trillion business by 2030
  • Skeptics question whether ghost kitchens can be beneficial to smaller companies and suggest that the market may be oversaturated with these offerings
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Should Self-Employed Business Owners Await Further Guidance Before Applying For PPP?

  • Biden administration will update formula used to calculate Paycheck Protection Program loans for non-employer companies
  • Guidance will not be provided to lenders until the first week of March, raising question of whether sole proprietors and other business owners should hold off on submitting an application
  • Today marks the start of a two-week period where PPP applications will only be open to borrowers with fewer than 20 employees
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Reports Predict That Millions of Low-Wage Workers Will Need to Shift Occupations in Next Decade

  • Forecasts anticipate that COVID-19 will accelerate low-wage job losses over the next decade
  • Pandemic-driven shifts and ongoing trends such as increased automation and e-commerce expected to have major impact in sectors such as food service and customer service
  • One report encourages greater development of digital infrastructure and retraining programs to assist workers in moving to more in-demand sectors with higher wages
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Workplace Group Predicts 10 Work Trends That Companies Should Prepare For in 2021

  • Society for Industrial and Organizational Psychology releases eighth annual list of anticipated workplace trends
  • Some expected trends related to COVID-19 conditions, with remote work leading the list
  • Other issues predate pandemic, including the changing nature of work and inclusive practices
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Incubator Program Accepting Applications for Connecticut Entrepreneurs Looking to Scale Their Food Business

  • Food Incubator program accepting applications from entrepreneurs looking to start or scale a food business through March 14
  • This year’s program focuses on adapting business plans and strategies to COVID-19
  • Program prioritizes Hartford area residents and businesses
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Business News Roundup, February 23, 2021

Some small business groups are supporting the Biden administration's economic stimulus proposal, while bond markets show a recovery that may impact future federal spending decisions. Amid the emergence of COVID-19 variants, the FDA is recommending shorter trials for vaccine modifications…

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