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Study Suggests Enhanced Child Tax Credit Incentivizes Parents to Work

  • Survey finds that only 6.4 percent of working parents changed jobs or cut their working hours due to the enhanced child tax credit
  • Parents generally put money toward financial security, family stability and child development
  • Researchers say the extra money helps give families leverage over their child care and work options
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Comcast RISE Offers Marketing and Tech Support for Minority-Owned Businesses

  • Comcast RISE accepting applications through Oct. 17 for its next round of awards
  • The program supports small businesses owned by people of color with benefits such as consulting services and media campaigns
  • 1,100 recipients were recently announced, including 26 in Connecticut
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Business News Roundup, Sept. 24, 2021

A CDC recommendation for at-risk workers, concerns about an impending shortage in federal funds, construction industry challenges, and an upcoming panel on the future of the defense industry are among the top business news items this morning. National Centers for…

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Senate Democrats Denounce GOP Blockade of SBA Nominee Dilawar Syed

  • Democratic senators unleash frustrations after Republicans block vote on nomination of Dilawar Syed to be deputy administrator of the U.S. Small Business Administration for the third time
  • Republican senators say they will not act until the SBA takes action on loans given to Planned Parenthood affiliates, though they have also accused Syed of being part of an anti-Israel group
  • Democrats accuse Republicans of undermining effectiveness of SBA as it takes on new significance in providing financial assistance to small businesses
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Commerce Department Seeks to Leverage Data to Promote Equitable Economic Growth

  • Commerce Department announces plans for its data strategy for the fiscal years between 2021 and 2024
  • Effort will enhance existing data tools and initiatives while also introducing new ones
  • Data strategy aims to address economic equity issues
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EPA to Introduce Rule to Phase Down HFC “Superpollutants”

  • Environmental Protection Agency to introduce new rule to draw down the use of hydrofluorocarbons
  • Rule is expected to significantly cut emissions of the potent greenhouse gas while also spurring savings and improving the competitive advantage of American manufacturers
  • Department of Defense will soon seek proposals for HFC alternatives in applications unique to the military
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Business News Roundup, Sept. 23, 2021

The Federal Reserve signaling its plans on tapering and interest rate hikes, increased unemployment claims, Democratic divisions on a major spending bill, a worsening semiconductor shortage, a planned vote to extend Governor Ned Lamont's emergency powers, and a call to…

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Finding Opportunity in Crisis, Expanding Talent Searches, and Other Lessons From Launching a Business During the Pandemic

  • Businesses that launched during the COVID-19 pandemic encounter risks, but also opportunities
  • Shift in business conditions also allows entrepreneurs to take advantage of new trends
  • Startup co-founder shares insights on what she learned in the process of launching a business during the pandemic
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Connecticut Launches Influencer Campaign Highlighting the State’s Small Businesses

  • Connecticut launches “Do Your Thing CT!” campaign featuring state’s influencers and small businesses
  • Approach utilizes influencer’s existing networks to help highlight some of their favorite local places
  • Effort follows increased efforts to market Connecticut as a place to work and visit
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ADP Updates Payroll Software with Small Business Focus

  • ADP upgrades its RUN platform, which focuses on small businesses
  • Platform assists with things like payroll management and human resources support, and update seeks to streamline services and prevent payroll mistakes
  • Nearly 700,000 small businesses use the platform
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