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Department of Labor to Celebrate National Apprenticeship Week Nov. 15-21

  • National Apprenticeship Week to celebrate its seventh year in November
  • Occasion recognizes need for apprenticeships to meet talent needs and train workers across multiple industries
  • Employers, educational institutions, and career seekers encouraged to take part
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Report: Connecticut Job Openings Total About Half the Number of Unemployed

  • Analysis looks at the uneven condition of the labor market in the United States
  • While overall job openings exceed the number of unemployed people, 34 states have more unemployed people than available jobs
  • Job openings are concentrated in fields that tend to have lower median wages
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Business News Roundup, Sept. 28, 2021

A blocked vote on the debt limit and government funding, testimony from Fed and Treasury leaders, and initial approval of an extension of Governor Ned Lamont's emergency powers are among the top business news items this morning. National Senate Republicans…

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2021 Hotel Business Travel Revenues Down Two-Thirds Compared to 2019, Trade Group Forecasts

  • Hotels’ business travel revenues are forecast to fall 66.2 percent in 2021 compared to pre-pandemic levels
  • COVID-19 Delta variant expected to further dampen business travel this fall
  • Hotel trade group says data shows the need for direct aid to hotel owners and operators
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Inner City Capital Connections Accepting Applications From Hartford-Area Small Businesses for “Mini-MBA” Program

  • Inner City Capital Connections to begin on Nov. 1
  • Initiative offers 40 hours of free business education to small business owners in Hartford and surrounding communities
  • Nominations can be submitted until Oct. 1, and business owners can apply through Oct. 15
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Employers Urged to Stop Ghosting Job Applicants

  • UK recruitment software firm launches campaign urging employers to stop ghosting job applicants
  • Cutting off communications with a potential employee sometime during the interview process became more common during the COVID-19 pandemic
  • Trend running tandem to issue employers are facing of new hires ghosting them shortly after receiving their first paycheck
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Business News Roundup, Sept. 27, 2021

An impending vote on an infrastructure bill, a downgrade and an upgrade to an economic forecast, support for COVID-19 vaccine mandates, and a shift in workers from some industries into recreational marijuana are among the top business news items today.…

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SBA Announces That Supplemental SVOG Grants Are Underway

  • U.S. Small Business Administration announces it has started supplemental award notifications for its Shuttered Venue Operators Grant program
  • Additional grants supporting the hardest-hit venues among previously approved recipients
  • As of Sept. 20, the SBA had awarded $9.7 billion of the $16.2 billion available in the program
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GAO Report: PPP Changes Effective in Meeting Needs of Smaller, Underserved Businesses

  • Government Accountability Office finds that Small Business Administration changes to the Paycheck Program had their intended effect of improving access to forgivable loans
  • Steps taken to improve loan access for very small businesses as well as those owned by women, minorities, and veterans
  • Loans to businesses with fewer than 10 people remained disproportionately low, but had improved over time
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SBA: PPP Direct Forgiveness Applicants Reach 1 Million

  • U.S. Small Business Administration logs 1 millionth application filed through its PPP Direct Borrower Forgiveness Portal
  • The portal opened Aug. 4 to streamline the forgiveness process for Paycheck Protection Program borrowers with loans of $150,000 or less
  • 91 percent of 2020 loans eligible for direct forgiveness and nearly two-thirds of eligible 2021 loans have been submitted through the portal
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