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Deep Freeze in Texas Highlights Challenges to Renewables, Electric Infrastructure

  • Unusual winter storm in Texas prompts blame game as strain on electric grid causes rolling blackouts
  • Oil and gas advocates point to frozen wind turbines and accuse renewables of not being reliable enough in a crisis
  • Others say the fossil fuel industry is also not immune from weather-related problems, and that a diversified grid is essential
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SBA’s EIDL Program Reaches $200 Billion Milestone

  • Economic Injury Disaster Loan program has approved $200 billion for businesses
  • Eligibility was expanded due to COVID-19
  • Applications for the program continue to be accepted through the end of the year
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BioCT Innovation Commons Lab Space Available This Spring

  • BioCT Innovation Commons announces space available to let this spring
  • Laboratory and office space, as well as entrepreneurial resources
  • Open to all industries
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Business News Roundup, February 15, 2021

Pandemic changes, Air Force contracts, and a declining COVID-19 infection rate among the top business news items this morning. Connecticut Connecticut's COVID-19 statistics have been steadily improving, most recently falling to a 2.22 percent daily test positivity rate and 674…

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Pandemic Uncertainty Stresses Small Business Confidence in Q1 2021

  • Small business survey finds reduced confidence among small business owners as COVID-19 conditions continue
  • Businesses often struggle with cycles of opening and closing as waves of the virus prompt new business restrictions
  • Majority of respondents express support for Biden’s economic stimulus proposal, but are wary of other potential changes the administration may make
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Connecticut Plans to Expand Vaccine Distribution and Outreach to Underserved Communities

  • Connecticut report on COVID-19 vaccine distribution by race and ethnicity finds that doses are lagging in distribution to Black residents
  • State plans to reallocate additional vaccine to communities with large minority populations and take other steps to ensure equitable access
  • Current distribution is targeted at older residents, with planned expansion to people with underlying health conditions and frontline essential workers
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Connecticut Business Groups Launch Marketing Initiative to Highlight State’s Life Sciences Economy

  • Connecticut Innovations, AdvanceCT, and BioCT partner on effort to promote Connecticut’s life sciences ecosystem
  • Campaign includes a website with resources for entrepreneurs, job seekers, and venture capitalists
  • Life science as been a growing industry in Connecticut
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Business News Roundup, February 12, 2021

The purchase of hundreds of millions of COVID-19 vaccines, projected deficit expansion, environmental and social good funds, and assistance for seaweed entrepreneurs are among the top business items this morning. National President Joe Biden has announced that his administration has…

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Lamont Seeking to Streamline Occupational License Access to New Residents, Ex-Cons

  • Governor Ned Lamont issues legislative proposal to ease occupational licensing requirements in Connecticut
  • Proposal seeks to benefit skilled workers moving in from another state and while broadening in-state opportunities
  • Lamont also wants to remove barriers those with criminal records face in applying for an occupational license
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Proposed JobsCT Tax Rebate Program Takes “Earn as You Grow” Approach

  • Governor Ned Lamont reintroduces proposal for JobsCT tax rebate program, which was proposed last year but tabled by the Connecticut legislature
  • Program would seek to incentivize growth among smaller companies rather than trying to lure large employers to the state
  • Announcement comes shortly after the closure of an animation studio that collected tens of millions of dollars in state incentives
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