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Businesses Falling for the Same Old Tricks When It Comes to Cyberattacks

  • Concerns over cybersecurity have grown in the past year as attacks become more frequent and costly
  • An IT professional writes in Forbes that attacks have not increased in sophistication and continue to exploit common vulnerabilities
  • Securing remote desktop protocols, educating employees, and other tips
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Application Process for Connecticut Cannabis Businesses to Begin Feb. 3

  • Connecticut Department of Consumer Protection announces it will begin accepting applications to begin recreational cannabis businesses starting Feb. 3
  • A total of 56 licenses will be available for cannabis businesses such as retailers, delivery services, micro-cultivators, and food and beverage manufacturers
  • Retail sales of recreational cannabis are expected to begin later this year
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SBA, Wrapping Up Work on SVOG Grants, Faces Legal Challenges on Eligibility

  • U.S. Small Business Administration has just 18 applications still under review for its Shuttered Venue Operators Grant program, according to the latest program report
  • The SBA is facing legal challenges from some of the 4,802 applicants denied funding, with some entities accusing the agency of an inconsistent approval process
  • A total of $13.7 billion in SVOG funding was approved for 12,824 businesses
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ADP: Private Employers Added 807,000 Jobs in December

  • ADP report shows 807,000 private non-farm jobs added in December
  • Larger companies accounted for much of the gain, though 204,000 jobs were added at small businesses
  • The data reflects the waning effect of the COVID-19 Delta variant, but does not capture any fallout from the emergence of the Omicron variant
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Record Quits Continue in November, With Highest Turnover in Accommodation

  • A record high 4.5 million people quit their jobs in November, according to the Bureau of Labor Statistics
  • The accommodation and food services industry saw the most disruption, with the largest increase in quits and the highest quits rate
  • Total job openings fell to 10.6 million
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Business News Roundup, Jan. 5, 2022

A record number of COVID-19 cases in the United States, a delay in action on the Build Back Better bill, the gap between inflation and pay raises, potentially easing pressure on global supply chains, non-traditional retail tenants, increasing COVID-19 cases…

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Millions of Dollars in Funding Will Become Available to Smaller Meat Processors This Year Under White House Plan

  • White House announces $1 billion in funding to support investments in smaller meat and poultry processors in bid to increase competition and reduce prices
  • Funding will support grants, loans and loan guarantees, reduced fees, workforce development, and technical assistance
  • Plan wins support from some agricultural groups, while others criticize it as blaming private industry for broader economic problems
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CBIA Criticizes Connecticut Legislature’s Labor Committee of “Anti-Employer” Policies

  • Connecticut Business & Industry Association issues critique based on recent report highlighting mandates passed through a Connecticut General Assembly committee
  • Measures include a state-run retirement benefits program, increases to the minimum wage, and paid family and medical leave program
  • CBIA accuses the Labor and Public Employees Committee of creating new burdens for employers while failing to address lagging economic growth in Connecticut
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How Skimping on Content Quality Can Undermine Your Company

  • Marketing and content efforts can often be pushed to the back burner during company operations
  • Opinion piece in Entrepreneur argues that not giving enough priority to content strategy can have a major detrimental effect on a business
  • Poor content can translate to a bad user experience, while quality content can improve a company’s reputation and competitive advantage
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