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Business News Roundup, July 22, 2021

Increasing concerns over the Delta variant of COVID-19, a failed test vote on a compromise infrastructure bill, the Fed considers will consider easing its securities purchases, a spike in jobless claims, and a potential battery breakthrough are among the top…

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Senate Proposal Looks to Revise Pass-Through Deductions for Small Business Owners

  • Chair of Senate Finance Committee introduces legislation that would make major revisions to pass-through deduction for small business owners
  • Deduction would be phased out starting at households earning $400,000 and not available to those earning $500,000 or more
  • Measure also seeks to expand eligibility for the deduction and simplify its calculations
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Harvard Lecturer Offers Advice to Entrepreneurs: Slow Things Down

  • With some businesses and investments expanding rapidly, a Harvard lecturer and venture capitalist touts the benefits of a slower approach
  • Even when under pressure to proceed rapidly, businesses can benefit by pursuing efficiency and deliberate, sustainable growth
  • Strategies include evaluating your team, brainstorming solutions, and addressing non-financial “debt”
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Research Firm Predicts Major Non-Tech Expansion in IT by 2024

  • Research and advisory company Gartner Inc. expects that 80 percent of technology products and services will come from outside the traditional tech sector by 2024
  • COVID-19 pandemic drives increasing demand for digital services as well as more opportunities for “business technologists”
  • Gartner expects major tech initiatives from sectors such as retail and financial services in the near future
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Bipartisan Bill Looks to Improve Collaboration Between Small Business and Federal Government to Improve Cybersecurity

  • Bill introduced in the House proposes the establishment of cybersecurity assistance units within the U.S. Small Business Administration
  • Measure would encourage small businesses to share information on cyber threats and defensive measures, with the units providing assistance in return
  • The proposal also includes liability protections and the potential for a grant program
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Business News Roundup, July 21, 2021

An uncertain future for an infrastructure bill, career disruptions for working parents, a spike in COVID-19 cases in Connecticut, and a challenge to an eastern Connecticut congressman are among the top business news items this morning. National Congress will hold…

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The Opportunity Project Invites Applications for 2021 Technology Development Sprints

  • The Census Bureau’s Opportunity Project is seeking participants for this year’s “technology development sprints”
  • This year’s initiative focuses on post-COVID 19 developments, including assisting small businesses in adapting to a digital economy and improving capital access for minority entrepreneurs
  • Sprints seek to develop solutions based on federal open data over a 12-week period
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WBDC Announces Third Round of Equity Match Grant Program for Women-Owned Small Businesses in Connecticut

  • Women’s Business Development Council announces third round of funding for its Equity Match Grant Program
  • Awards of between $2,500 and $10,000 are available to women-owned small businesses in Connecticut
  • Applicants can begin preparing now, and WBDC will accept applications from Sept. 7-28
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High-Pressure Workplaces Lead to Higher Costs, Studies Show

  • Several studies have shown that high-pressure workplaces incur greater expenses than low-pressure ones
  • Company leaders often promote this type of work environment in the belief that it can create better productivity and profits
  • Negative effects of this company culture include higher health care costs, less worker engagement, and increased employee turnover
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Brand Trust Will Play Key Role in 2021 Shopping Trends, Survey Finds

  • Small retailers continue to enjoy significant trust among customers, according to a recent survey
  • However, customers were generally more likely to consider larger retailers to be better capable of taking actions to strengthen customer trust
  • Reliability was considered to be the most significant trust-building factor
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