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Connecticut Innovations Increases Early-Stage Investments to $9.4 Million in Q3 of 2021 Fiscal Year

  • Connecticut Innovations announces $9.4 million in investments in early-stage Connecticut companies for the third quarter of its fiscal year
  • Investments are concentrated in bioscience, health care information technology, and IT companies
  • Funding helps leverage $124 million in outside capital
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Business News Roundup, May 20, 2021

A potential revision to fed policy, alternate infrastructure proposals, falling jobless claims, small business labor struggles, strategies in meeting a returning surge of customers, an agreement between offshore wind and commercial fishermen, and Bridgeport's new offshore wind role are among…

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Connecticut DPH Recommends That Businesses Continue to Require Masks When Social Distancing Not Possible

  • Connecticut Department of Public Health issues detailed guidelines on mask protocols after state lifts mask mandate for individuals vaccinated against COVID-19
  • Department recommends that businesses continue to require masks when social distancing is not possible or in circumstances more likely to have a mix of vaccinated and unvaccinated individuals
  • Masks will still be required in several venues, and businesses or event organizers can still require employees or customers to wear them
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Coalition Launched by Connecticut Treasurer’s Office Aims to Create $30 Billion Impact on Underserved Communities Over Five Years

  • Connecticut Office of the Treasurer announces that coalition of 18 financial institutions established by the office has set four commitments for improving economic and racial equity
  • Goal of creating a $30 billion economic impact on communities of color over the next five years
  • Initiatives will include increased spending on businesses owned by people of color, increased workforce development opportunities, and bolstering programs to assist underserved communities
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Connecticut Legislature Advances Bills on Price Gouging, Work Weeks, and Downtown Revitalization

  • Connecticut House of Representatives passes bill prohibiting companies from charging an “unconscionably excessive price” for goods and services during emergency declarations
  • Connecticut Senate narrowly passes “fair work week” measure applying to certain employers
  • House unanimously approves measure to study the renovation of historic mixed-use buildings in Connecticut downtowns
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SBA: Businesses Have Until May 24 to Apply for Restaurant Revitalization Fund Grants

  • U.S. Small Business Administration establishes deadline for Restaurant Revitalization Fund
  • Eligible food and beverage businesses have until 8 p.m. on Monday to apply
  • More than $220 million remains available to businesses with 2019 gross receipts of $50,000 or less
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Connecticut Business Restrictions Lifted Today; Masking Rules Remain in Certain Venues

  • Connecticut lifting all remaining business restrictions today
  • Changes include allowing theaters to operate at full capacity, permitting bars to reopen, and eliminating table size limits and curfews on restaurants
  • Updated mask protocols say fully vaccinated individuals no longer need to wear masks in indoor settings, with some exceptions
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White House Debuts Programs to Make Federal Investments in Building Efficiency

  • White House announces several initiatives to modernize and upgrade residential and commercial buildings
  • Includes a $30 million investment in workforce development initiatives
  • Other components include new building performance standards, research efforts to improve heating and cooling systems, and pilot programs to support low-carbon buildings and heat pump installations
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Researchers Scrutinize How Employers Can Encourage Workers to Meet Full Potential

  • Researchers look at experience of nurses at a large university hospital during COVID-19 to assess which strategies improve worker effectiveness
  • Study builds on previous survey which found that only a small share of workers is operating at their full potential
  • Researchers share tips on how to improve employee effectiveness
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