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Connecticut Business Groups Call for Expanding Manufacturing Apprenticeship Tax Credit to Smaller Businesses

  • CBIA, Connecticut Manufacturers’ Collaborative, and ReadyCT call for expansion of Connecticut’s manufacturing apprenticeship tax credit program
  • Goal is to make the credit available to business structures favored by smaller businesses
  • Groups say the expense of the expanded tax credit would be offset by the economic growth it would create
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Connecticut Launching Campaign to Promote Safe Tourism This Summer

  • “Say Yes to Connecticut” debuts on several marketing channels
  • Campaign is a response to increased optimism and pent-up demand for travel in the Northeast
  • DECD says Connecticut’s tourism industry supports more than 123,000 jobs
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Business News Roundup, May 10, 2021

Criticism of supplemental unemployment benefits, startups going from PPP to SPAC, a stronger but more competitive job market, and a planned overhaul of New Haven's airport are among the top business news items this morning. National Republicans and business groups…

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Connecticut OEC Launches Child Care Program Stabilization Funding This Week

  • Connecticut Office of Early Childhood debuting Child Care Stabilization Funding this week
  • Eligible child care providers can receive funding to assist with a variety of expenses to help them recover financially from the COVID-19 pandemic
  • OEC is overseeing $346 million in federal funds being made available to Connecticut to assist child care providers
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HarvardPilgrim HealthCare Offers Tips on How Employers Can Prevent Worker Burnout

  • New England health services company offers tips on addressing worker burnout
  • Assessing employees’ mental health can be more challenging with remote work setups
  • Steps employers can take to remove the stigma surrounding mental health issues and better address employee needs
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Several Business Organizations Taking Part in Connecticut Economic Development Week May 10-14

  • Connecticut Economic Development Week runs from May 10 to 14
  • Several business organizations will hold webinars during the week
  • Celebration is an endeavor of Connecticut Innovations and CTNext
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Hiring Falls Well Below Expectations as April Jobs Report Shows 266,000 New Positions Added

  • Department of Labor data show 266,000 new jobs added in April, sharply below projected numbers
  • Leisure and hospitality sector shows the strongest gains
  • Employers continue to struggle to fill available job openings
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Business News Roundup, May 7, 2021

Room for negotiation on the corporate tax rate, a call for relaxed indoor mask mandates, a new small business relief effort in Connecticut, a report advocating for more state-level COVID-19 relief, and the early completion of a national COVID-19 vaccination…

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Connecticut DOL Report Anticipates 13.5 Percent Increase in Employment by Q2 2022

  • Connecticut Department of Labor economist issues short-term forecast for employment growth in the state
  • Job growth projected to increase 13.5 percent through the end of the second quarter of 2022, recovering most of the positions lost in the COVID-19 pandemic
  • Recovery of hard-hit sectors expected to drive the bulk of Connecticut’s employment growth in the near future
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“Shop Local” Message Gains Strength Among Independent Retailers as Post-Pandemic Strategy

  • Market researcher says a “shop local” message should be a key part of independent retailers’ post-pandemic strategy
  • Surveys indicate that consumers are looking to break reliance on larger companies, with some explicitly looking to give more support to local businesses
  • Small businesses are increasingly forming networks and other alliances for support and advocacy
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