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Majority of Women Who Left the Workforce Looking to Return, Seeking STEM Careers

  • Survey finds that two-thirds of the women who said they were pushed out of the labor force during the COVID-19 pandemic want to return to work
  • Four out of five say they would like to pursue a STEM career when they resume work
  • Respondents also sought benefits such as flexibility, career progression opportunities, and upskilling programs
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Setting Up a Loyalty Program That Can Sway Customers to Your Company

  • Loyalty programs can be beneficial to businesses, but can also focus too much attention on already high-spending customers
  • Researchers look at customer spending habits to determine how businesses can direct their attention to winning customers who will buy more products or increase their spending
  • Location plays a key part in finding such customers
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Business News Roundup, Nov. 2, 2021

The impending release of a proposed COVID-19 vaccine mandate, uncertainty on a major domestic policy bill, a surge in venture capital for women-owned businesses, and no blanket amnesty for unemployment overpayments in Connecticut are among the top business news items…

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Connecticut Manufacturing Report: Profits Grow, But Skilled Workers Lacking

  • 2021 Connecticut Manufacturing Report highlights shortage of skilled labor as the top issue facing the state’s manufacturers
  • 88 percent say it has been difficult to find or retain workers
  • Despite this challenge, the report also shows cautious optimism as manufacturers have improved profit expectations
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More Than One-Third of U.S. Workers Currently Face COVID-19 Vaccine Requirement

  • Two polls find a steadily increasing share of businesses requiring employees to get the COVID-19 vaccine
  • Gallup poll suggests that unvaccinated workers in a company with a vaccine mandate are two to three times as likely as other workers to seek another job
  • Kaiser Family Foundation survey finds that 37 percent of unvaccinated employees say they will quit if their workplace establishes a mandate, but only 5 percent have left a job due to this requirement
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SBA Reaffirms Commitment to Helping Underserved Entrepreneurs Access Financing

  • SBA Administrator Isabella Casillas Guzman describes the pursuit of equitable lending practices as her “north star”
  • Guzman reiterates commitment in review of SBA’s fiscal year data for traditional loan programs, which approved $44.8 billion through more than 61,000 loans
  • 504 loan program sees strong growth and exhausts its funding for first time in program history
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Business News Roundup, Nov. 1, 2021

An agreement on a minimum corporate tax rate, eased tariffs on European steel and aluminum, a potential revival of paid family and medical leave, the effect of supply chain challenges on advertising, more pessimistic views on the economy, labor woes…

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Connecticut Businesses Can Now Seek Disaster Assistance for Damages From the Remnants of Hurricane Ida

  • President Joe Biden approves disaster declaration for parts of Connecticut
  • Businesses in Fairfield County and New London County that suffered uninsured or underinsured damages from the remnants of Hurricane Ida can apply for federal relief
  • A separate grant program will help local governments mitigate the potential impact of future natural disasters
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Connecticut DOL Records More Than 3,700 Establishment Births in Q1 2021

  • Connecticut Department of Labor issues report on establishment and employment changes in the first quarter of 2021
  • Net job growth rose 13,896 during the quarter, including 16,730 jobs created through business openings
  • The quarter included a total of 3,756 establishment births, or companies that became employers over the course of the previous year
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Got an Unpaid Tax Bill? Connecticut is Offering Amnesty

  • Connecticut Department of Revenue Services to debut amnesty period next week for businesses and individuals that owe back taxes
  • Period applies to most taxes owed through Dec. 31, 2020
  • Businesses can repay taxes at a reduced interest rate and avoid penalties
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