skip to Main Content

Business News Roundup, Aug. 26, 2021

A slight bump in jobless claims, a penalty schedule for unvaccinated workers, support for employer vaccine mandates, growth in the retail sector, return-to-office mistakes managers are likely to make, an appointment for Connecticut's Social Equity Council, and the possibility of…

Read more

Connecticut Receives $2 Million Grant to Assist Minority-Owned Manufacturers

  • Connecticut is one of four states receiving federal grant funds to establish a national Advanced Manufacturing Center
  • The center will be supported by a $400,000 grant each year for the next five years
  • Minority-owned manufacturers will be able to work with the University of Connecticut School of Business and other partners to update their business strategies, access advanced manufacturing options, and more
Read more

Connecticut to Debut Veterans and Diversity Hiring Expo on Sept. 7

  • Hartford-based soccer team and Connecticut Department of Labor team up to host hiring expo next month
  • Event gives special focus to certain job seekers, including underserved populations and those whose careers were impacted by COVID-19
  • 40 organizations are currently taking part in the expo
Read more

Federal Hub Provides Central Resource on Cybersecurity Issues

  • Several major cyberattacks earlier this year highlight risks to businesses
  • Two federal government agencies launch a central resource to provide information and assistance on cybersecurity issue
  • Further help available through the Connecticut Small Business Development Center
Read more

COVID-19 Emphasizes the Need For Small Business Continuity Planning

  • The COVID-19 pandemic has demonstrated the importance to business owners of planning for unexpected crises
  • Business continuity planning helps identify potential threats to your company operations and take steps to mitigate them
  • Creating alternative ways to keep business operations going, establishing employee roles during a crisis, and more
Read more

Business News Roundup, Aug. 25, 2021

Progress on a bipartisan infrastructure bill, a cybersecurity summit, stock sell-offs, a ramp-up in banks' bond purchases, and hopes for a downtown Hartford renaissance are among the top business news items this morning. National The House of Representatives has voted…

Read more

What Does the FDA Approval of the Pfizer COVID-19 Vaccine Mean for Vaccine Mandates at Businesses?

  • FDA approval of Pfizer-BioNTech vaccine expected to spur more businesses to implement vaccine mandates for returning to work
  • Employers have been establishing stricter rules for unvaccinated workers as well as certain exemptions and accommodations
  • Several legal challenges have been filed against vaccine mandates, but a recent federal ruling upheld the right of a hospital group to terminate employees who refused to get the shot
Read more

States That Ended Supplemental Unemployment Early Saw Employment Bump, Major Spending Drop

  • States that ended a $300-a-week supplemental unemployment benefit from the federal government saw a 4.4-point increase in employment
  • However, the majority of unemployment recipients remained out of work and spending dropped considerably
  • Researchers suggest the effect could be repeated on a greater scale when supplemental benefits end on Sept. 6
Read more

SBA Administrator Hosting Virtual “Fireside Chat” For Women Entrepreneurs

  • SBA holding a virtual “fireside chat” this week on resources available to women entrepreneurs
  • Programs include Women’s Business Centers, technical assistance, and more
  • Discussion will be led by SBA Administrator Isabella Casillas Guzman as well as Natalie Madeira Cofield, assistant administrator of the SBA Office of Women’s Business Ownershi
Read more

When Bootstrapping a Business, Don’t Lose Sight of Revenue-Generating Necessities

  • Bootstrapping can give you more independence, but also carries risks
  • Tips on how to successfully get your business going with personal assets
  • Negative cash conversion cycle, financial monitoring, and more
Read more