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ADP Report Shows 374,000 New Private Payrolls in August, Falling Short of Expectations

  • ADP report on private payrolls shows 374,000 jobs added in August, well below a Dow Jones expectation of 600,000
  • Leisure and accommodation jobs continue to account for the bulk of new positions
  • The report is often seen as a preview of a Labor Department jobs report, though different survey methodologies have sometimes resulted in considerably different figures
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Business News Roundup, Sept. 1, 2021

Minimal impact from early termination of supplemental unemployment benefits, disruptions but no major cost impact expected from Hurricane Ida, the growth of wind in new electricity generation, and calls for lower electricity and health care rates in Connecticut are among…

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Federal Disaster Declaration Allows Connecticut Farmers Affected by Tropical Storm Elsa to Apply for Emergency Loans

  • Governor Ned Lamont announces approval of agriculture disaster declaration related to Tropical Storm Elsa earlier this summer
  • Eligible farmers in Connecticut can apply for certain federal assistance, including emergency loans
  • Announcement comes shortly after the arrival of a tropical storm and before the remnants of a hurricane are expected to bring major rainfall to Connecticut
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Restaurants Projected to See Nearly 20 Percent Sales Jump From 2020, But Still Face Challenges

  • National Restaurant Association issues mid-year supplement to its report on the state of the food and beverage industry
  • Sales up nearly 20 percent compared to 2020, giving rise to “cautious optimism” about the year-end outlook
  • Report identifies a number of ongoing challenges including hiring difficulties and altered consumer behaviors due to the spread of the Delta variant
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More Than 1,500 Connecticut Residents Receiving First Round of “Back to Work CT” Payments

  • Back to Work CT program rolls out first bonus payments for more than 1,500 Connecticut residents
  • Program provides one-time $1,000 payment for long-term unemployed who find and maintain work
  • Back to Work CT runs through Dec. 31 and has enough funding to support up to 10,000 bonuses
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Use of Workforce Collaboration Tools Up 44 Percent from 2019

  • Use of workplace collaboration tools increases considerably from pre-pandemic trends
  • Minor increases in storage and sharing tools as well as real-time mobile messaging tools
  • Respondents report less time spent in in-person meetings, with this time commitment expected to dwindle further in near future
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Connecticut Earn’s Middling Rank in Thumbtack’s Small Business Friendliness Survey

  • Thumbtack survey shows small businesses specializing in local services are generally satisfied with the economic potential of their local community
  • Connecticut earns a C- ranking among its respondents
  • Separate survey finds customers are strengthening their support for local businesses
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Small Business Owner Survey Identifies Cost as Main Barrier in Offering Leave

  • Small business owners commonly offer some form of paid leave in order to attract and retain employees
  • Recent poll finds that more than one-third of small business owners cite cost as a barrier to offering paid leave
  • Nearly six in 10 support finding a solution on paid family and medical leave, with a majority favoring one involving the federal government
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SBA Sending Invitations on Supplemental SVOG Grants for Hardest-Hit Arts and Cultural Venues

  • U.S. Small Business Administration announces that it will begin sending invitations for supplemental awards in its Shuttered Venue Grant Operators program
  • Funding requests came in below the program’s $16.2 billion in funding, allowing the SBA to give additional awards to the hardest-hit venues
  • SVOG offers funding to several arts and cultural entities, including live venues, movie theaters, performing arts organizations, talent representatives, and museums
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