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First Application Period Opens for Connecticut Recreational Cannabis Businesses

  • Application period opens today for recreational cannabis retail establishments in Connecticut
  • The process starts a rolling lottery process to provide licenses for micro-cultivators, delivery services, hybrid retailers, and more
  • Today also marks the start of a non-lottery process for disproportionately impacted area cultivators
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SBA Updates Guidance on Targeted EIDL Advance Reevaluation

  • U.S. Small Business Administration issues guidance for applicants who were denied a grant under the Targeted EIDL Advance program
  • Requests for reevaluation will be accepted through Feb. 15
  • The program provides $10,000 grants to the hardest-hit small businesses in low-income areas
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Over the Bars: Lessons Small Businesses Can Gain From Peloton’s Recent Woes

  • Peloton saw an explosion of demand during the COVID-19 pandemic, but its value has declined precipitously in recent months
  • What lessons the company’s experience offers for entrepreneurs
  • Assessing a boom in demand, managing public relations, differentiating products and services, and more
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With $2 Billion Unspent, Some Lawmakers Call for Continued Aid to Live Venues

  • Two congresswomen urge the U.S. Small Business Administration to improve the Shuttered Venue Operators Grant Program to address renewed COVID-19 disruptions facing the creative industry
  • About $2 billion of the $16.2 billion program remains unspent
  • Grant recipients are not able to spend the funds on expenses beyond Dec. 31, 2021, leaving businesses with no avenue to address current revenue shortfalls brought on by the Omicron variant
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Restaurant Group Amplifies Calls for More COVID-19 Relief, Saying It Will Save 1.6 Million Jobs

  • National Restaurant Association highlights effectiveness of Restaurant Revitalization Fund, calls for additional aid amid Omicron disruptions
  • Trade group has maintained call for RRF replenishment after the grant program fell well short of funding all applicants
  • Half of restaurants surveyed say they worry they won’t be able to survive without further aid
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Week in Review: Jan. 21-27, 2022

The end of the line for a federal COVID-19 vaccination rule, differing signals from economic data, ongoing supply chain concerns, and preparations for Connecticut's legislative session were some of the major business news items in the past week. OSHA vaccine…

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Business-Level Vaccine Mandates More Uncertain After SCOTUS Ruling, OSHA Retreat

  • Occupational Safety and Health Administration withdraws emergency temporary standard on COVID-19 vaccination policies for workers with 100 or more employees
  • Businesses take different approaches to issue of whether or not to establish or maintain vaccination requirements
  • Worker retention, liability, employee support, and other issues
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SBA Says It Will Introduce Effort to Help Strengthen Supply Chains, Continue to Explore Direct Lending Options

  • U.S. Small Business Administration offers insights on future efforts following a summary of 2021 activities
  • Agency says it will introduce effort to support Biden administration’s initiative to strengthen American supply chains
  • SBA also commits to new ventures to lower the barriers to entrepreneurship, including the possibility of further direct lending options
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Labor Department Encourages Employers to Improve Job Quality to Address Labor Shortages

  • Secretary of Labor Marty Walsh announces the Good Jobs initiative, which aims to improve job quality
  • Walsh says quits have been elevated in jobs with lower wages and greater worker risks, and that there is a need to address long-term trends that have come to a head
  • Initiative will provide resources and information to workers, employers, and federal agencies
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Connecticut Businesses Can Take Advantage of New Incentive Program for Battery Storage

  • Connecticut businesses can receive upfront incentive as well as performance-based payments for installing a battery storage system
  • Program aims to improve the resiliency and reliability of the state’s electric distribution system
  • Incentives can cover up to half the cost of a new system
Read more
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