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WBDC Offering Grants to Support Connecticut Child Care Providers

  • Women’s Business Development Council taking applications for grant program to support Connecticut child care providers
  • Grants of up to $25,000 available
  • Funding to support startups and expansions, address financial emergencies, help providers pursue long-term goals and better business practices
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Are Your Employees Holding Down a Secret Second Job?

  • Survey of remote workers finds that nearly seven out of 10 are holding down another job
  • 37 percent say they are working a second full-time job, with 84 percent of these workers saying they are running their own business on the side
  • The majority of respondents say they believe they are as productive or more productive than if they were working a single job
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Business News Roundup, Nov. 4, 2021

A return of paid leave to a major piece of domestic legislation, a deceleration of Federal Reserve bond purchases, the Treasury Secretary's expectations on inflation, falling unemployment claims, a sharp drop in productivity, a shortage of truck drivers exacerbating supply…

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Connecticut Paid Leave Authority Ramps Up Informational Sessions as Benefits Debut Approaches

  • Connecticut’s paid family and medical leave program will begin accepting applications from eligible employees next month
  • The Connecticut Paid Leave Authority is offering nearly two dozen webinars before the end of the year to help familiarize businesses with the program and their obligations
  • Employers have been required to make payroll deductions to fund the program since the start of the year, and will soon be asked to provide verification information for employees seeking leave
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House Passes Bills to Improve SBA Programs, Address Cybersecurity Issues

  • House of Representatives passes six bills that originated in the chamber’s Small Business Committee
  • Measures aim to improve SBA lending practices and strengthen small business cybersecurity protections
  • One bill authorizes a five-year “Boots to Business” veteran entrepreneurship training program
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ADP Private Payrolls Report: 571,000 New Jobs Added in October

  • Private payrolls report shows more robust jobs growth in October, with 571,000 new positions added
  • ADP report comes out in advance of the Labor Department’s monthly jobs report, which will be released Friday
  • Large businesses accounted for the bulk of jobs gains, but small employers added 115,000 positions
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FDIC Creates Office to Promote Private Sector Investments in Low- and Middle-Income Communities

  • Federal Deposit Insurance Corporation establishes office to improve engagement with mission-driven banks such as CDFIs and MDIs
  • FDIC describes such banks as providing a critical source of credit for minority-owned small businesses
  • Office aims to promote private sector investments in low- and middle-income communities
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Business News Roundup, Nov. 3, 2021

An impending decision on the Federal Reserve chair, an anticipated announcement from the Fed about tapering, and competing ideas on paid family and medical leave are among the top business news items this morning. National President Joe Biden says he'll…

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Building Trust and Cohesion When Establishing a Hybrid Work Schedule

  • Hybrid work schedules have gained popularity as employees seek to continue working from home at least part of the week
  • Managers are faced with a question of whether to allow employees autonomy in when they come into the office or to set stricter rules
  • Trust and output-based assessments can help employers to set effective hybrid work models that satisfy employees
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Can Urban Retail Help Preserve Post-Pandemic Downtowns?

  • Growth of remote and hybrid work options raise questions about the future of downtown commercial ventures
  • Richard Kestenbaum looks at the potential for a New York City neighborhood for growth
  • While uncontrollable factors remain, integrating urban businesses into communities can help increase their odds of success
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