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Business News Roundup, June 29, 2021

The failure of antitrust suits against Facebook, a proposed savings fund for children that could later be put toward starting a business, rising gas prices, extra time off, funding for Connecticut's cultural organizations, and a major Navy helicopter contract are…

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Governor’s Innovation Fellowship Program in Connecticut Will Expand Statewide

  • After a successful pilot program in Stamford, CTNext’s Governor’s Innovation Fellowship program will expand statewide
  • Open to Connecticut college or university graduates of the Class of 2021 or 2020, or Connecticut high school graduates of the Class of 2017 attending an out-of-state college or university
  • Program offers grants and support to graduates while pairing them with innovative Connecticut-based companies
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Consumer Activity Nearing Fully Recovery Following COVID-19, According to Yelp Data

  • Yelp compares consumer activity data in the spring of 2021 to the pre-pandemic levels
  • Consumer interest returns to nearly pre-pandemic levels for restaurants, retail, and home services
  • Some businesses see greater interest compared to 2019, including pet care and auto services
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DOL Announces Grant Opportunity for Labor Outreach to Women Employees

  • Department of Labor announces $1.5 million to fund up to six Fostering Access, Rights and Equity grants
  • Program aims to help women workers “understand and exercise their rights and benefits in the workplace.”
  • Applicants must meet certain requirements and apply by July 15
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Fed Extends PPP Liquidity Facility to July 30

  • Fed extends its Paycheck Protection Program Liquidity Facility to July 30
  • Facility assists financial institutions in processing PPP loans
  • Deadline for new PPP loans was May 31, but the program’s official expiration is June 30
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Business News Roundup, June 28, 2021

An infrastructure compromise gets back on track, competing reports on the effect of ending unemployment supplements, increased capital investments by businesses, falling Northeast unemployment, and slow Connecticut economic recovery are among the top business news items this morning. National After…

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How Voluntary Benefits Can Make Your Workplace More Appealing

  • Voluntary benefits can help a business attract and retain employees and make a more flexible suite of benefits available to workers
  • Extra health coverage, ID theft prevention, and other options for additional coverage
  • Benefits are typically funded through employee payroll deductions, minimizing employer costs
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Deciding Whether to Buy or Rent Equipment When Starting or Expanding a Business

  • Acquiring equipment is a necessary step for many businesses looking to get their start or expand
  • Business owners have the option of purchasing or leasing equipment
  • Visit our Information Library for the full article
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The Importance of Business Background Checks After COVID-19

  • Businesses may face greater risks of theft and fraud during challenging economic times
  • Effectively screening employees reduces the risk of such losses as well as the costs of replacing a terminated employee
  • Background checks can also help you match employees to the positions that are most suitable for them
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Forming Collaborations With Your Competitors to Pursue Mutual Goals

  • Collaboration can be done across business sectors or with direct competitors
  • Benefits include cost sharing, combined problem solving efforts, and gaining business insights
  • Businesses should have clear objectives when setting up collaborations with direct competitors
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