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How Would Lamont’s Environmental Proposals Affect Businesses?

  • Governor Ned Lamont proposes a set of environmental proposals to the Connecticut legislature
  • One controversial measure seeks to reduce auto-related greenhouse gas emissions but would also likely increase prices at the pump
  • Connecticut Green Bank would expand in scope and have the ability to invest in numerous environmental initiatives
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Live Venues Face Difficult Choice of Waiting for Grant Funds or Applying for PPP

  • Economic Aid Act includes $15 billion for grants to arts and cultural organizations, but the program is currently not open to applicants
  • Some venues have opted to pursue a loan through the Paycheck Protection Program to get more immediate aid
  • Under the Shuttered Venue Operators Grant program, venues cannot receive funds if they are approved for a PPP loan
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Connecticut Insurer Introduces Workplace Violence Coverage for Small Businesses

  • Hartford-based insurer introduces coverage to help businesses recover from workplace violence
  • Policy provides services and reimbursement for security, counseling, lost income, and more
  • Approximately 2 million non-fatal workplace incidents and 1,000 workplace homicides take place in the U.S. each year
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Study Identifies “Significant Decreases” in Personal Networks During COVID-19 Pandemic

  • Study finds “significant decreases” in network density and global network size between 2019 and 2020
  • People turn more to family connections than friends or colleagues during the COVID-19 pandemic
  • Experts say continuing active networking efforts is crucial even when face-to-face interactions are more difficult
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Business News Roundup, February 17, 2021

There have been mixed signals on the economy recently, with more COVID-19 vaccines set to flow to communities and higher retail spending set against millions of Americans facing persistent unemployment. Digital currency is gaining more followers, as several institutions have…

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Expansion of Connecticut’s Event Venue Capacities Mulled for Next Month

  • Governor Ned Lamont says he is prepared to ease restrictions on events held at commercial venues next month if Connecticut’s COVID-19 numbers remain stable
  • New rules would likely cap indoor capacity at 100 people and outdoor capacity at 200 people
  • Rollback to Phase 2.1 in November imposed stricter rules on events at commercial venues
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FedEx Launches Ninth Annual Small Business Grant Competition

  • Popular small business grant program is now open to applications
  • Small businesses that have been in operation for at least six months and have fewer than 100 employees are eligible to apply
  • This year’s program adds business coaching services as a prize for the top finishers
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Did You Use Your Car for Business? Don’t Forget the Mileage Deduction

  • IRS deduction allows employers and employees to claim a per-mile cost for business-related travel
  • Alternate option of deducting “actual expenses” of operating a vehicle is also available
  • Employers can assist workers in recording mileage or provide reimbursement for travel
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