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Connecticut Avoids Further Industry-Specific COVID-19 Vaccinations, Commits to Age-Based Distribution

  • Connecticut commits to age-based COVID-19 vaccine distribution, saying other strategies would complicate the process and exacerbate inequities
  • Vaccination appointments to open to ages 55 to 64 starting March 1, with three additional tiers scheduled into May
  • Exception made for educators and child care providers, who will be eligible to receive the vaccine at dedicated clinics in March
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Small Business Expo Hosts Virtual Hartford Event on March 11

  • B2B trade show serves as a conference and networking event for small businesses, entrepreneurs, and startups
  • Small Business Expo expanded virtual offerings last year after start of COVID-19 pandemic
  • Grant opportunity available to attendees of national event on March 25
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Biden Administration Announces PPP Changes, Including Two-Week Exclusive Period for Smallest Businesses

  • President Joe Biden announces that Paycheck Protection Program loans will be limited to borrowers with fewer than 20 employees for two weeks, beginning Wednesday
  • Administration will also update loan calculation formula to better serve sole proprietors and other non-employee businesses
  • Restrictions eased for business owners with felony records and student loan debt, as well as legal non-citizens
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Business News Roundup, February 22, 2021

The Biden administration is continuing calls for large spending on economic stimulus and is reportedly working on a new economic package. Borrowers are encountering new challenges with the Paycheck Protection Program, and health officials are warning that better COVID-19 numbers…

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U.S. Startup Formations Up 24 Percent Amid COVID-19 Conditions

  • Report finds significant boost in startup companies in the United States in 2020
  • Trend may be driven by factors such as new opportunities, economic necessity
  • Boost marks a reversal from the pre-pandemic slump in new business formation
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Small Businesses Invited to Apply for Citizens Bank Community Champion Award

  • Citizens Bank launches fourth annual Small Business Community Champion Award contest
  • Businesses can apply by explaining how they would use a $10,000 prize to support their customers and community
  • Deadline is March 1
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Timing a Change in Business Strategy During a Crisis

  • Updating a business strategy can be a necessary step in response to a crisis
  • Assess the situation before deciding when and how you’ll change the way your company does business
  • Change may not be necessary if your business strategy is working well and a crisis situation is not expected to persist
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Growth Anticipated in “Circular Economy” in 2021

  • Circular economy model marks a departure from the linear course of extraction to waste
  • Developing a circular economy has been increasingly regarded as an essential step in achieving environmental and climate goals
  • Market opportunities exist for entrepreneurs that can develop disruptive business models and strategies
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White House Looks to Expand Registered Apprenticeship Programs

  • President Joe Biden endorses the expansion of registered apprenticeships as part of his effort to improve infrastructure in the United States
  • Endorses legislation estimated to create 1 million new apprenticeships
  • Rescinds executive order establishing industry-led apprenticeship programs
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