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Lamont Seeks to Invest $103 Million in Federal Funds to Address Employer and Workforce Needs in Connecticut

  • Governor Ned Lamont looks to dedicate $103 million in federal funds to workforce development initiatives in Connecticut
  • Investment aims to address a disconnect between Connecticut’s high unemployment rate and robust job postings for skilled workers
  • The bulk of the funding would go toward sector-based training programs for 9,000 workers
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Personal Debt, Unnecessary Purchases, and Other Financial Pitfalls for Startups to Avoid This Year

  • Advice on how entrepreneurs can spend wisely and save money when starting a business this year
  • Being cautious in determining whether a purchase is an investment or simply a splurge
  • Wise financial management should extend to personal budget as well
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Business News Roundup, April 22, 2021

Climate goals, falling jobless claims, the alliance between food service and tech, a push for greater spending in the Connecticut budget, and further rejected acquisition offers by a Connecticut insurer are among the top business news items this morning. National…

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Biden to Introduce Tax Credit to Encourage Small Business Owners to Offer Paid Time Off for COVID-19 Vaccinations

  • President Joe Biden says tax credit will soon be available to small businesses and nonprofits to encourage them to offer paid time off for employees to receive a COVID-19 vaccine
  • Businesses also encourage to offer promotions and other innovative strategies to encourage workers and customers to get vaccinated
  • Initiative comes as United States is set to meet an administration goal of 200 million doses
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Congressmen Introduce Legislation to Open SBA Lending Programs to Cannabis Businesses

  • Members of the House Small Business Committee put forward three bills to ease rules on lending and other support for small businesses in the cannabis sector
  • Legislation would give cannabis business access to SBA loans and other support
  • Cannabis is fully legal in 16 states and legal for medicinal purposes in 44 states, but remains illegal at the federal level
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In Hot Housing Market, Startup Helps Buyers Stay Competitive by Enabling All-Cash Offers

  • Real estate startup Ribbon, founded in 2018, becomes more popular as housing market heats up
  • Company looks to make homebuyers with less money on hand more competitive against all-cash offers
  • Working with buyer’s agent, Ribbon helps buyers to make all-cash offers of their own
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Majority of Active Executive Orders in Connecticut Reduced as Lamont Orders Consolidation

  • Governor Ned Lamont announces consolidation of executive orders issued during COVID-19 pandemic
  • Active orders cut by approximately 60 percent
  • New orders include updated information on business sector rules and orders on liquor sales
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Business News Roundup, April 21, 2021

An ambitious climate goal, combatting fraud in COVID-19 relief programs, supply chain issues and small businesses, and the Connecticut legislature's work on taxes are among the top business news items this morning. National President Joe Biden will reportedly pledge to…

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Legislators Seek to Make Last-Minute Changes to PPP

  • Three bills before the House of Representatives seek to make modifications to the Paycheck Protection Program
  • Measures would allow more flexibility in PPP loan applications
  • PPP has approximately $52 billion in funding left to disburse before a May 31 deadline
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Bipartisan Proposal Looks to Restore Connecticut Unemployment Trust Fund While Reducing Business Taxes

  • Governor Ned Lamont announces plan to rebuild Connecticut’s Unemployment Trust Fund that wins the backing of labor and business groups
  • Proposal will reportedly reduce taxes on 73 percent of state businesses
  • Deal includes a broadening of taxable wage base, reduced unemployment taxes, benefits reform, and recession-related measures
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