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Connecticut Establishes COVID-19 Relief Program to Deliver $5,000 Grants to Small Businesses and Nonprofits

  • $50 million program will provide eligible Connecticut small businesses and nonprofits with one-time $5,000 grants
  • Funds can be used for multiple purposes, such as payroll, utilities, or rent
  • Half of the funds will be committed to recipients in the state’s distressed municipalities
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Bookstores, Other Retailers Urge Shoppers to Do Early Holiday Shopping This Year

  • Independent bookstores encourage shoppers to complete holiday purchases early both to boost the businesses’ cash flow and to ensure they can get the titles they want
  • Retailers have been pushing early shopping due to weaker supply chains, COVID-19 restrictions, and other factors that could disrupt last-minute shopping
  • Outlook for holiday spending remains uncertain as millions of households face financial uncertainty
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Connecticut Launches $9 Million Grant Program to Assist Arts Organizations Impacted by COVID-19

  • Governor Ned Lamont announces $9 million grant program to support nonprofit arts centers, groups, and schools
  • Qualifying recipients can receive between $5,000 and $750,000
  • Theaters and other arts groups have been struggling during COVID-19 pandemic as performances are canceled and reopening remains uncertain
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Dutch Marine Contractor Exploring Whether Oyster Habitats Can Be Combined With Offshore Wind Farms

  • Van Oord starting research into whether oyster reefs can be established on the undisturbed seabed near offshore wind farms
  • Research effort aims to support large-scale restoration of oyster beds in the North Sea
  • Successful implementation could encourage developers to add oyster reefs to new and existing offshore wind farms
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Improving Your Team Meetings and Collaboration When Working Remotely

  • Team meetings can inhibit productivity rather than supporting it, especially when working remotely
  • Adjusting the focus of your meetings and giving more priority to one-on-one sessions can improve how your company operates
  • A variety of online tools are available to encourage digital collaboration among teams
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Pelosi Sets Tuesday Deadline For Stimulus Agreement

  • House Speaker Nancy Pelosi says Sunday that economic stimulus deal for further COVID-19 relief must be struck by Tuesday if a bill is to be passed before Election Day
  • Negotiations between Pelosi and Treasury Secretary Steven Mnuchin have inched closer to an agreement, though significant differences remain
  • Any deal faces uncertainty in the Republican-controlled Senate, which is planning a vote on smaller relief bills this week
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About 1 in 5 Small Businesses Pondering Layoffs in Next Six Months

  • Latest small business survey by the National Federation of Independent Business finds that 22 percent of respondents are considering layoffs in the next six months
  • Most companies that received PPP funds have spent them, and about three-quarters of respondents would apply or consider applying for further relief if a second round of funding was approved
  • Small business owners have expressed greater concerns about their ability to survive amid ongoing uncertainties
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Half of Connecticut Community Colleges’ Reserves Drained to Address Budget Shortfalls

  • Governing board for Connecticut’s community college system withdraws half its reserve funds to address revenue shortfalls
  • Decision motivated by lack of commitment to aid or concessions from governor, legislature, or school unions
  • Additional cuts of $8 million made to state’s universities
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Retail Sales Rise Faster Than Expected in September

  • U.S. retail sales rise 1.9 percent in September, beating projections
  • Retail sales of cars and clothing see major boosts, though appliance and electronics sales decline
  • Sales boost seen as a reflection of economic recovery, though economists unsure if momentum can be sustained during ongoing uncertainties
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Research Effort Launched to Assess Offshore Wind Supply Chain in Massachusetts

  • Groups working on behalf of the Massachusetts Clean Energy Center begin comprehensive assessment of local and regional supply chain for offshore wind projects
  • Several offshore wind farms are in the works in New England, but supplies for these projects typically come from overseas
  • Research aims to help develop and scale production of wind turbine components and equipment in the region
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