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How COVID-19 Has Changed Company Missions

  • Business Insider survey looks at how companies have changed their missions during the COVID-19 pandemic
  • Shifts tend to promote public health and societal benefits
  • Larger companies have shown more willingness to turn to small businesses for solutions
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Connecticut Supreme Court Upholds Bar Closures

  • The Connecticut Supreme Court unanimously upholds Gov. Ned Lamont’s authority to shut down bars in its decision on a legal challenge filed in June
  • The courts have backed Lamont in several other lawsuits filed against the governor to challenge his authority under emergency powers granted by a legislative committee
  • Bars in Connecticut have remained shuttered since the COVID-19 pandemic began last spring
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Small Business Owners Can Take Advantage of Shifting Shopping Trends Occasioned by the COVID-19 Pandemic

  • SCORE analysis looks at how shopping trends have changed during the COVID-19 pandemic
  • Many shifts, such as using a new shopping method or trying a new brand, are likely to be permanent
  • Consumers show more support for issues such as shopping local, environmental sustainability, and social awareness
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COVID-19 Pandemic Puts More Emphasis on Trust as Leadership Quality

  • Trust between employers and employees has long been a factor in healthy workplaces
  • COVID-19 pandemic fuels major shift in workplace culture as companies embrace remote work arrangements and employers need to put greater trust in their employees
  • Companies encouraged to retain strategies that encourage trust instead of simply returning to pre-pandemic models
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Minority-Owned Businesses Often Experienced Delays in Receiving PPP Loans, Analysis Finds

  • Analysis by the Associated Press finds that many minority-owned businesses struggled for months to find a lender during the first round of Paycheck Protection Program funding
  • Bank rejections, program requirements, and other factors often created headwinds for minority entrepreneurs
  • Second draw PPP includes set-asides for minority-owned financial institutions and other lenders for traditionally underserved communities
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A Savings Stimulus: Direct Payments Get Some Criticism From Economists

  • Some economists question whether a blanket distribution of stimulus checks is the best way to bolster the economy
  • Suggestions that targeted assistance to unemployed would encourage more immediate spending
  • Advisors often recommend that people use unexpected windfalls to pay down debt or bolster emergency savings accounts
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Connecticut’s Family Leave Deductions Moving Forward as Planned

  • Payroll deductions for Connecticut’s family and medical leave program will begin as scheduled on Friday
  • Governor Ned Lamont again stresses importance of such programs in his rejection of a Republican proposal to delay the deductions
  • Deductions will begin funding benefits that will become available at the start of 2022
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Stimulus Provides Billions for Child Care as More Than 1 in 4 Providers Remain Shuttered

  • Stimulus package includes $10 billion for child care providers
  • Funding will help daycares, preschools, before- and after-school programs, and others stay open if they have experienced reduced enrollment or closures
  • Many child care providers have struggled to remain profitable during the pandemic, while difficulties in child care access have prompted parents to cut hours or leave their jobs
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