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Connecticut Senate Narrowly Passes Bill Requiring Employers to Prioritize Previously Laid-Off Employees in Hiring

  • In a 19-15 vote, Connecticut Senate passes bill requiring employers to give preference to laid-off workers when hiring for new positions
  • Measure seeks to have companies restore workforces after COVID-19 pandemic instead of hiring less senior employees to cut costs
  • Critics say the measure is intrusive for small businesses and has too extensive a timeline
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U.S. Chamber Research Finds Companies Investing in Talent Development

  • Companies continue to invest in skill-based training despite a period of “significant economic and labor volatility”
  • Eighty percent of survey respondents say government incentives would encourage them to support such trainings and innovations
  • Cost and lack of staff time are the key hurdles companies face in developing employee skills
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Business News Roundup, May 26, 2021

A vaccination milestone, an infrastructure counterproposal, a profile of the head of the SBA, offshore wind on the West Coast, a protest against a proposed health tax in Connecticut, and legalized online gaming and sports betting in Connecticut are among…

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SBA Launches Community Navigator Program to Provide Assistance to Nation’s Smallest Businesses

  • U.S. Small Business Administration officially launches its Community Navigator Pilot Program
  • Initiative aims to provide targeted assistance to very small and underserved businesses
  • SBA is partnering with local business organizations to provide technical assistance such as counseling and networking
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UConn Foundation Receives $100,000 Grant For Initiatives to Support Minority-Owned Businesses

  • Santander Bank awards $100,000 grant to UConn Foundation for initiative to connect minority students with minority-owned businesses in the greater Hartford area
  • Grant intends to assist businesses in improving their operations while helping students gain real world experience
  • At least 13 scholarships or stipends will be awarded
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After Delays, Shuttered Venue Operator Grants Will Be Allocated Next Week

  • Shuttered Venue Operators Grant program set to begin distribution of $16.2 billion in funding
  • Distribution will begin with two 14-day priority periods for businesses with the worst revenue losses
  • Applicants express frustration due to lengthy delays in the program
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Connecticut House Passes Bill Barring Retail Businesses From Refusing Cash Payments

  • Connecticut House unanimously passes bill prohibiting retail businesses from refusing cash payments or charging a higher price for accepting cash
  • Several exemptions are included, including any transactions that aren’t made in person
  • The measure was previously raised in 2019
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Business News Roundup, May 25, 2021

A call to divert COVID-19 aid from state and local governments, a business coalition to oppose tax hikes, additional funding for disaster response, businesses develop hybrid work policies, and dwindling COVID-19 numbers in Connecticut are among the top business news…

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Food Producers Impacted by COVID-19 Are Eligible for USDA Assistance

  • USDA accepting applications for Coronavirus Food Assistance Program 2
  • Producers of several commodities can receive up to $250,000 to help offset economic disruptions occasioned by COVID-19
  • The application window will remain open until at least June 4
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Should Your Startup Take a Fully Remote Approach?

  • With more companies incorporating remote work into their schedules, startups may be contemplating whether to take a fully remote approach
  • A fully remote company will save on overhead costs, but could struggle to establish a company culture and pursue business opportunities
  • Venture capitalist Mike Ghaffary offers tips for how businesses can assess a remote model
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