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“Business Showers” Gaining Popularity as Way for Startups to Introduce Themselves, Receive Support

  • A practice where entrepreneurs throw an informal party and register for products and services to support a business launch is gaining popularity
  • Unlike a launch party, a “business shower” takes place during the earlier stages of forming a business
  • Business showers not only offer assistance in getting an endeavor off the ground, but can also help make it more attractive to investors
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A Surprising, If Smelly, Business Opportunity: Trash

  • Solid waste offers opportunities for entrepreneurs, producing reliable profits and opportunities for innovation
  • Trash production in the United States remains high despite sustainability efforts
  • One challenge in establishing such a business is the high cost of creating, managing, or closing a landfill
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Congress Explores How Small Businesses Can Play a Role in Combatting Climate Change

  • House Subcommittee on Oversight, Investigations, and Regulations holds hearing on impact of small businesses on climate change
  • Issue opens up opportunities for small businesses, but also severe climate change also creates financial risks
  • One speaker raises issue of easing financing for capital-intensive projects
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Business News Roundup, July 26, 2021

Slowing population growth, easing inflation expectations, renewed vaccine mandate debates, Generation X unemployment woes, and a struggling hospitality industry in Connecticut are among the top business news items this morning. National COVID-19 brought population growth in the United States to…

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Qualifying as a Recovery Startup Business for the Employee Retention Credit

  • Companies can qualify as “recovery startup businesses” in order to receive funds through the Employee Retention Credit
  • The classification, created under the American Rescue Plan, is designed to assist businesses that might not otherwise meet the requirements for the credit
  • Qualifying businesses can be credited up to $50,000 per quarter for the third and fourth quarters of 2021
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Business News Roundup, July 23, 2021

A study on the effectiveness of COVID-19 vaccines agains the Delta variant, a "right to repair" rule, higher price tests, updated Connecticut sexual harassment laws, and appointments to a group associated with Connecticut's new recreational marijuana law are among the…

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Commerce Department Announces $3 Billion in Funding for Six Community Investment Programs

  • Department of Commerce announces six programs to invest in American communities
  • Initiatives include investments in workforce training, state grants, Indigenous communities, and more
  • Aims to help communities recover from the COVID-19 pandemic while also reimagining their economic needs
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How Hybrid Models Can Focus on Collaboration Rather Than a Central Workplace

  • Chief people officer of a digital collaboration company offers tips for reconsidering the office environment when adopting a hybrid model
  • Understanding the advantages and disadvantages of hybrid work
  • The importance of making software tools and training available to improve collaboration
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Dispelling the Myth of the “Three-Generation Rule” in Family-Owned Businesses

  • Persistent “three-generation rule” suggests that family-owned businesses are doomed to fail after being passed down a couple of times
  • Harvard Business Review article looks at the origins of this idea and seeks to dispel the myth
  • Family-owned businesses last longer than the standard company and enjoy a number of competitive advantages
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While Signing Bill on Workforce Development, Lamont Announces Regional Tech Collaborative

  • Governor Ned Lamont announces the formation of the Capital Area Tech Partnership, a collaboration of more than 50 technology companies
  • Training programs aligned with the partnership will prepare workers for entry-level jobs in high-demand fields
  • Sector collaborations are employer driven, and the partnership does not currently have any state funding
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