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SBA Virtual Summit to Focus on Rebuilding, Resilience, and Underserved Communities

  • U.S. Small Business Administration announces schedule for its National Small Business Week Virtual Summit
  • Themes include resources for rebuilding one’s business, better ways to serve small businesses and underserved communities, and ongoing resilience and renewal
  • Summit will run Sept. 13-15
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Business News Roundup, Sept. 8, 2021

Negotiations set to begin on a multi-trillion dollar social policy bill, a goal for a massive ramp-up in solar power, a plateau in new job postings, wage gains and potential inflationary pressure, and Connecticut falling behind on greenhouse gas emissions…

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How Should Connecticut Employers Revise Workplace Policies Under the State’s New Recreational Marijuana Law?

  • Under legislation signed into law earlier this year, Connecticut residents can legally use and possess recreational marijuana
  • Certain parts of the bill affect how employers can craft policies related to drug-free policies and employees’ use of marijuana
  • Workplace policies will go into effect on July 1, 2022
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Main Street America Debuts “BackTo.Biz” Tool to Assist Small Business Pandemic Recovery

  • Main Street America and partners introduce Backto.Biz
  • Digital platform specifically designed to help small businesses recover from the effects of the COVID-19 pandemic
  • More than 400 video lessons, articles, and tools are available.
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SBA Likely to Increase COVID EIDL Limit to $2 Million

  • U.S. Small Business Administration likely to increase limit on COVID EIDL loans to $2 million
  • Program, established as an extension of an existing disaster relief lending option, currently has a limit of $500,000 per loan
  • SBA could also modify program to allow funds to be used for a greater range of expenses
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WBDC Accepting Applications for Equity Match Grants

  • Women’s Business Development Council begins accepting applications for its Equity Match Grant program
  • Women-owned businesses can receive up to $10,000 toward projects that will have a measurable impact on the business
  • Applications are being accepted through Sept. 28
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Business News Roundup, Sept. 7, 2021

The end of federal supplemental unemployment benefits, an ongoing trend of decreased office occupancies, dimming hopes for a revival in business travel, an expectation of persistent delivery delays, and company efforts to address worker burnout are among the top business…

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Connecticut DOL: State Sees Business Growth But Lags in Job Creation in 2020

  • Connecticut Department of Labor issues annual report on economic indexes in each of the state’s 169 cities and towns
  • The number of business establishments in Connecticut grew in 2020 despite the COVID-19 pandemic, but jobs growth in the state has been lagging
  • Southeastern Connecticut towns and cities suffered the worst declines in their economic indexes during the pandemic
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Startup Logistics Companies Gaining Interest From Investors as Supply Chain Disruptions Continue

  • Logistics industry sees growth in investments during COVID-19 pandemic
  • Insider analyzes 13 recent deals to identify key trends
  • Some developments are a continuation of pre-pandemic trends, while others look to address current challenges
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Connecticut DOL: 23,000 Connecticut Residents to Lose Unemployment Benefits Over Weekend

  • About 23,000 people in Connecticut will lose their unemployment benefits when supplemental federal aid expires on Saturday
  • Connecticut Department of Labor believes this and other factors will help spur thousands of people to join the state’s labor market
  • CT DOL official says risk of increasing COVID-19 infections is currently the biggest threat to Connecticut’s economic recovery.
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