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NFIB Jobs Report Shows Record Unfilled Job Openings for Fourth Straight Month

  • Record share of small business owners report challenges in hiring workers for the fourth straight month in a National Federation of Independent Business poll
  • Forty-eight percent of respondents in May say they have been unable to fill job openings
  • More businesses plan to ramp up hiring efforts, with a majority expecting to increase their wages
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Few Businesses Are Prepared to Respond to Deepfake Attacks

  • Deepfakes, which involve the manipulation of digital media to create misleading videos, increasingly posing threats to businesses
  • Survey finds that majority of business leaders consider deepfakes to potentially present a risk to their company, but few have a plan in place to address them
  • Detecting and filtering solutions, along with employee training, seen as best strategies to mitigate threat of deepfakes
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Connecticut to Begin Review to Identify Potential Disparities in How State Contracts with Businesses

  • Connecticut agencies to pursue independent review of state’s contracting practices
  • Study will identify whether any disparities exist in how contracts are awarded
  • Goal of addressing any equity issues while providing businesses with information on potential opportunities
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Hospitality Sector Continues to Lead Jobs Gains in May as 559,000 New Positions Added

  • May jobs report shows a net gain of 559,000 jobs, falling below expectations but a considerable gain from a disappointing April tally
  • Figures reflect easing COVID-19 restrictions as well as pressures on employers to raise wages
  • Leisure and hospitality sector continues to show the strongest growth, with 292,000 net positions added
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Business News Roundup, June 4, 2021

White House concessions in infrastructure negotiations, a warning to businesses to improve their cybersecurity, a commitment to waste reduction in the offshore wind industry, and the expansion of a Connecticut youth employment program are among the top business news items…

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Survey: High Health Care Costs a Key Problem Preventing Small Business Growth

  • Small Business for America’s Future survey identifies challenges small businesses face due to health care costs
  • More than half of respondents say the cost of providing health coverage has inhibited growth potential
  • Respondents show strong support for a variety of potential solutions to reduce prescription drug costs
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SBA Launches Annual Growth Accelerator, Debuts New SBIR Award

  • U.S. Small Business Administration announces the return of its Growth Accelerator Fund Competition
  • Small Business Innovation Research Catalyst Program also returns with new awards available
  • Applications will be accepted through June 25
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Connecticut Senate Approves Set of COVID-19 Relief Measures For Small Businesses

  • Connecticut Senate unanimously passes a bill providing COVID-19 relief to small businesses
  • Legislation prohibits increases in employer experience ratings based on unemployment claims during the pandemic and also exempts PPE from sales and use taxes
  • Another provision requires Connecticut agencies to prepare a federal regulatory analysis for any proposed state regulations
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Business News Roundup, June 3, 2021

An early termination of unemployment benefits in several states, the rollout of SBA grants, White House COVID-19 vaccine incentives, falling jobless claims, and increased productivity are among the top business news items this morning. National Although federal unemployment programs set…

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Amid COVID-19 Pandemic, Connecticut Exports Fell 15 Percent in 2020

  • Connecticut sees significant decline in exports in 2020, particularly in aircraft parts and trade with France
  • COVID-19 pandemic fuels a surge of exports in pharmaceutical products, while trade with the Netherlands sees a modest increase
  • Connecticut was 28th in the nation for exports in 2020
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