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Executive order from Governor Ned Lamont ramps up fine for businesses breaking COVID-19 restrictions to $10,000 per violation
Penalty far exceeds previous fine of $500
Rule aims to keep up rigorous enforcement of rules as COVID-19 cases increase and the potential for larger groups increases due to holiday shopping
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Senate Minority Leader Chuck Schumer proposes HEROES Small Business Lifeline Act, to be incorporated into a larger economic stimulus bill
Aid would authorize a second round of Paycheck Protection Program funding, focused on small businesses and nonprofits
Other aspects of the bill include expanding eligibility and setting aside money for very small businesses, underserved communities
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National Retail Federation anticipates a 3.6 percent to 5.2 percent increase in holiday spending in November and December
Group says consumers have leaned into retail spending during the pandemic and are eager to end 2020 on a positive note
Slow economic recovery and third wave of COVID-19 cases could dampen sales, although positive vaccine news has also led to optimism
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Businesses that received Paycheck Protection Program loans of $2 million or more receive forms asking them to justify the funding
Forms include questions on business activities, liquidity, capital improvements, and more
Trade groups protest the new questionnaire, saying it was not a requirement at the outset of the program
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American Express, which launched Small Business Saturday in 2010, makes it part of year-round “Shop Small” campaign to support local retailers impacted by COVID-19
Main Street shops hoping holiday sales can take them into 2021, when COVID-19 vaccines are expected to add more economic stability
Campaign includes social media promotions and support from larger companies
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Small businesses face an uncertain winter as COVID-19 pandemic wears on
The expiration of the Paycheck Protection Program removes a key resource, but other funding options are available
Entrepreneurs turn to loans, grants, debt relief, and other sources
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Registration for Connecticut’s family and medical leave program opens today
A payroll deduction goes into effect on Jan. 1 to fund up to 12 weeks of leave for personal or family care
The program is open to both companies and sole proprietors, and companies can apply for an exemption if they offer comparable benefits
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COVID-19 pandemic has drastically reduced the demand for business travel in 2020
This puts additional stress on the travel and hospitality industry, which derives a significant share of its revenue from business travelers
Business travel is likely to return slowly and at lower levels
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Community Investment Corporation announces $3.5 million loan program to aid small businesses in Connecticut that have been impacted by COVID-19
Loans of up to $500,000 are available to assist with purchases in real estate, equipment, inventory, and more
Open to businesses in Fairfield, New Haven, Litchfield, and Hartford counties
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Addressing a Connecticut retail association, Governor Ned Lamont says there are currently no plans to close down stores despite surging COVID-19 cases
Lamont asks retailers to enforce rules on mask wearing, social distancing, capacity limits during holiday shopping season
Stores are capped at 50 percent capacity following rollback in state’s reopening
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