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MBDA Taking Applications for $300,000 Grant Award in Minority Business Enterprise Equity Multiplier Project

  • $300,000 grant award announced to assist minority-owned businesses in accessing capital and technical assistance
  • Grant is associated with the Minority Business Enterprise Equity Multiplier Project
  • Submissions must be made by June 30
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Connecticut Legislature Unanimously Passes Bill to Incentivize Businesses to Adopt Cybersecurity Standards

  • Connecticut General Assembly unanimously passes bill limiting punitive damages against businesses for data breaches if they can demonstrate that they took adequate steps to provide cybersecurity protections
  • Applies to businesses that handle personal or restricted information
  • Passage follows several prominent cyberattacks against businesses in the United States
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Measure Giving Laid-Off Workers Priority Consideration in Rehiring Narrowly Passes Connecticut Legislature

  • Connecticut House of Representatives votes 75-70 to approve bill requiring businesses to prioritize rehiring of certain workers they laid off during the COVID-19 pandemic
  • Measure aims to prevent businesses from hiring less senior staff to reduce costs, but opponents say it’s too intrusive
  • Employers are required to provide notice of newly available positions to laid-off workers who qualify for the role
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Business News Roundup, June 8, 2021

Uneven job creation, expected actions on supply chain resilience, and a vote in favor of recreational marijuana legalization in Connecticut are among the top business news items this morning. National New positions are opening up at an uneven pace, suggesting…

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Sweeping Bill Aims to Revitalize Connecticut’s Post-Pandemic Small Businesses and Economic Development Opportunities

  • Connecticut Senate passes bill offering several initiatives to support small business revitalization and encourage economic development opportunities
  • Measures include a small business microloan program, an expansion of the stranded tax credit program, and a “vocational village program” for the correctional system
  • Department of Economic and Community Development directed to prioritize applicants for economic development assistance based on a willingness to make jobs available to certain individuals
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U.S. Chamber Survey Suggests Half of Employees Left Unemployed by Pandemic Aren’t Actively Seeking Work

  • U.S. Chamber of Commerce releases results of poll of workers who lost their job during the COVID-19 pandemic
  • About half of respondents said they aren’t actively searching for work, with 61 percent saying they’re in no hurry to find a new job
  • Survey highlights issues such as lack of available jobs in their sector, COVID-19 concerns, child care needs, lack of necessary skills, and enhanced unemployment
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Connecticut Legislature Passes Bills on Cash Payments, Disabled Workers, Business Insurance

  • Connecticut General Assembly approves measure barring most businesses from prohibiting cash payments
  • Another approved bill orders the Department of Economic and Community Development to create a plan to assist disabled residents to enter the workforce
  • A provision in another piece of legislation creates a task force to study the insurance costs borne by businesses in Connecticut’s distressed municipalities
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EIDL, SVOG Remain Open For Applications as Other SBA COVID-19 Relief Options Expire

  • U.S. Small Business Administration issues reminder of ongoing COVID-19 relief programs following closure of Paycheck Protection Program and Restaurant Relief Fund to new applications
  • COVID-19 Economic Injury Disaster Loan program provides low-interest loans of up to $500,000
  • Shuttered Venue Grant Operators program assists arts and cultural organizations, and current applications have requested just $11.4 billion of the $16.2 billion available
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Business News Roundup, June 7, 2021

A global minimum tax agreement, elevated inflation expectations, teen work opportunities, offshore wind hurdles, Connecticut budget negotiations, and the final days of the Connecticut General Assembly's 2021 session are among the top business news items this morning. National Treasury Secretary…

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