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83 Percent of Employees Want to Work Remotely At Least 25 Percent of the Time, Poll Finds

  • Accenture poll finds that 83 percent of employees want to work remotely at least 25 percent of the time
  • High revenue growth companies have been more likely to embrace “productivity everywhere” models
  • Younger workers more likely to seek in-person collaborations to help with their professional development
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CBIA Shares COVID-19 Leadership Lessons From Connecticut’s Women Business Leaders

  • CBIA shares leadership lessons from its recent When Women Lead conference
  • Women leaders of Connecticut companies emphasize the importance of listening, patience, and empathy
  • Providing a reassuring example, addressing the needs of women employees, and communicating with workers among other lessons
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PPP’s Final Tally: Nearly $800 Billion to More Than 8.5 Million Businesses

  • As the Paycheck Protection Program closes to new applications, the U.S. Small Business Administration releases data on its effectiveness
  • Nearly $800 billion has been approved for more than 8.5 million businesses over the course of the program
  • Ninety-six percent of loans in the latest round of funding went to businesses with fewer than 20 employees
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What Business Support Is In the Biden Administration’s Call for Investments to Narrow the Racial Wealth Gap

  • Biden administration calls for billions of dollars in investments in initiatives to support minority-owned businesses as part of larger effort to reduce racial wealth disparity in the United States
  • Additional $100 billion in federal procurement to be directed to small disadvantaged businesses over the next five years
  • Initiatives proposed for the administration’s infrastructure bill would also create several new programs under the SBA as well as a $1 billion grant program for minority-owned manufacturers
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Connecticut Pitches Itself as Ideal Place for Post-COVID Satellite Business Locations

  • Companies are looking to downsize city commercial space and establish satellite locations as remote and hybrid work increases after COVID-19
  • Connecticut organizations pitch the state as an ideal venue for these locations, especially for companies based in New York City and Boston
  • Advantages include proximity to these cities, a skilled workforce, and diverse communities
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How “Time Blocking” Can Make a More Efficient Workday

  • Survey suggests that blocking out time during a workday can lead to higher productivity and reduced burnout
  • Workers regularly incorporate breaks into their calendars, but also anticipate regular interruptions
  • More companies adopting days without meetings to accommodate workers
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$5,000 Grants Available Through Thomaston Savings Bank

  • Thomaston Savings Bank will award $5,000 grants to 10 small businesses
  • Funding comes through Jobs for New England program
  • Program aims to relieve financial stress on small businesses to help them recover from the COVID-19 pandemic
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Business News Roundup, June 1, 2021

The official end of the Paycheck Protection Program, guidance on COVID-19 vaccine requirements, higher restaurant prices, a potential alternate Connecticut budget, and a boost to submarine building are among the top business news items this morning. National The Paycheck Protection…

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Kauffman Foundation Report: Startup Job Creation Remains Resilient During Recessions, But Company Numbers Decline

  • Kauffman Foundation looks at four recent recessionary periods to analyze business trends during and after economic downturns
  • Report looks to provide insight on how business recovery might proceed after the COVID-19 pandemic
  • Startup job creation remains resilient during recessions, but fewer new companies are established during these periods
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