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SBA Preparing to Roll Out Supplemental SVOG Grants

  • Shuttered Venue Operators Grant program will stop accepting new applications on Aug. 20
  • Supplemental grants of up to 50 percent of a recipient’s award will be available to businesses that have received an initial award
  • The program has so far awarded $8.4 billion to 10,826 recipients
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How Businesses Can Be More Proactive in Developing Strategies

  • Companies need to always be aware of how to respond to changing business conditions
  • Data access company CEO offers tips on having a more proactive mindset
  • Three core practices to make a company better suited to meet challenges
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SBA Hosting National Small Business Week Virtual Summit Sept. 13-15

  • U.S. Small Business Administration hosts a virtual summit in September
  • Event will highlight the resilience of small business owners during the challenges brought on by the COVID-19 pandemic
  • Program will include educational sessions as well as opportunities for networking and one-one-one conferences
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Consumer Prices Continue Strong Annual Increases in July, But Show Signs of Slowing

  • Consumer Price Index up 0.5 percent from June and 5.4 percent from July 2020
  • Core inflation eases to 0.3 percent following a 0.9 percent increase in June
  • Energy costs continue to tick up and remain significantly elevated compared to a year ago
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Business News Roundup, Aug. 11, 2021

Movement on major infrastructure and social policy bills, concerns over rising energy costs, and renewed mask mandates in parts of Connecticut are among the top business new items this morning. National The Senate has passed a compromise infrastructure bill of…

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Connecticut Incentive Program Encourages Businesses to Purchase Energy Storage Systems

  • Initiative aims to encourage commercial, industrial, and residential customers to install energy storage systems as part of long-term goal of decarbonizing Connecticut’s energy grid
  • Businesses can receive upfront and performance-based incentives per kilowatt hour toward covering the costs of installing such systems
  • Program is being developed, with the goal of launching in 2022
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How Companies Can Improve Their Employee Well-Being Programs After Adopting Remote or Hybrid Work

  • Companies should ensure that their employee well-being programs remain current as they develop remote or hybrid work schedules
  • HarvardPilgrim Health Care offers tips on how employers can improve their programs
  • Employees are more likely to quit to seek other opportunities if they are dissatisfied with their current job
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Flexibility, Purpose, and Other Areas of Disconnect Between Employers and Employees

  • Survey finds significant disconnects remain between employers and employees over flexible work options
  • Research firm warns that companies that fail to address such divides are more likely to put themselves at a competitive disadvantage
  • Split is most apparent in areas such as whether the company acts in employees’ best interests and whether the company supports a culture of flexibility
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When Is Acquiring a Startup a Better Strategy Than Establishing One?

  • Startup acquisition company CEO offers tips on when it makes more sense to acquire an early-stage company instead of establishing your own business
  • Finding and taking over a company that shows promise can significantly reduce the risk involved in starting a business
  • Some entrepreneurs may find that their skill set is better suited for scaling up a company than it is for establishing one
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Business News Roundup, Aug. 10, 2021

An expected Senate vote on a compromise infrastructure bill, expectations of ongoing price increases, an unemployment disconnect, and a venture capital fund for Connecticut recreational cannabis businesses are among the top business news items this morning. National An approximately $1…

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