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Business News Roundup, Dec. 20, 2021

A tipping point on the Build Back Better Act, booster effectiveness against the COVID-19 Omicron variant, shrinking household savings and the labor shortage, the growth of tidal power, and workplace fatalities in Connecticut are among the top business news items…

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New Compliance Deadlines Set as Court Lifts Stay on OSHA COVID-19 Vaccine Rule for Employers with 100 or More Workers

  • Occupational Safety and Health Administration extends deadlines on compliance after judicial panel lifts stay on COVID-19 vaccine rule for employers with 100 or more workers
  • OSHA says it won’t issue citations for noncompliance before Jan. 10, and won’t start issuing citations for failing to follow a vaccinate or test rule before Feb. 9
  • Opponents have vowed to press the legal challenge of the rule to the Supreme Court
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Connecticut Entrepreneur Awards Accepting Nominations

  • Connecticut Entrepreneur Awards are now accepting nominations
  • Event celebrates the state’s entrepreneurs, ventures, and ecosystem elements that support them
  • Expo and awards presentation to take place on April 1
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How Workforce Analytics Can Give You Better Insights About Your Employees

  • The ability to be flexible has become a major competitive advantage for employers
  • However, employers also need to balance flexibility with the ability to collaboratively complete projects
  • How workforce analytics can help you gauge worker engagement, productive applications, and more
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Eligible Connecticut Businesses Encouraged to Take Advantage of Meal Seller Tax Break

  • Connecticut Department of Revenue Services reminds meal sellers of benefit made available through legislation passed earlier this year
  • Eligible businesses can retain sales tax on meals sold during one of three weeks
  • Benefit is available to businesses such as restaurants, caterers, and food trucks
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As White House Seeks Broader COVID-19 Vaccine Rule for Workplaces, Employer Mandates Plateau

  • In a recent Gallup poll, 36 percent say their company requires workers to be vaccinated against COVID-19 in order to return to the workplace
  • This figure has plateaued in recent months following a steady increase in the summer and fall
  • A federal vaccine mandate for employers with 100 or more workers is currently facing a court challenge
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Connecticut Jobs Gains Continue as Unemployment Falls to 6 Percent

  • Connecticut adds 5,600 jobs in November, following an upwardly revised increase of 7,100 positions in October
  • Manufacturing accounts for the largest number of new jobs, while the number of positions in the financial services sector falls
  • Connecticut triggers off federal Extended Benefits program as the unemployment rate falls to 6 percent
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Hiring, Investment Optimism Hits Pandemic High in U.S. Chamber Small Business Poll

  • U.S. Chamber of Commerce and Metlife quarterly report finds improvement in small business optimism at the end of 2021
  • 77 percent of respondents say they’re optimistic about their future
  • However, small business owners are increasingly expressing concerns about inflation, labor shortages, and supply chain disruptions
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Remote Work Creating More Interruptions for Women Than Men, UConn Research Finds

  • Women are facing more work-related and personal interruptions, according to research from a UConn professional
  • The report offers insights for businesses who are delaying office return plans or shifting to more permanent remote or hybrid arrangements
  • Frequent interruptions are associated with poorer employee performance and the increased likelihood of burnout
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