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Connecticut Senate Approves Creation of Manufacturing Technology Working Group

  • Connecticut Senate unanimously approves the establishment of a manufacturing technology working group
  • Group would be charged with developing a strategic plan to support Industry 4.0 goals for Connecticut manufacturers
  • Plan must be developed no later than Oct. 1, 2022
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Business News Roundup, April 15, 2021

A continued vaccination pause, a bipartisan effort on the federal minimum wage, Michigan's strategy to avoid business shutdowns, higher retail spending, lower jobless claims, and an effort to prevent age discrimination in Connecticut are among the morning's top business news…

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Fed Beige Book Reflects More Business Optimism and Tourism Interest in Early 2021

  • Federal Reserve’s latest Beige Book report shows greater optimism about economic conditions amid easing business restrictions and COVID-19 vaccination efforts
  • Businesses show more concern about inflation, with some reporting double-digit increases in input prices
  • Report from the Federal Reserve Bank of Boston, which covers New England, largely reflects national trends
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FBI Removing Backdoors From Compromised Microsoft Exchange Servers

  • FBI launches court-authorized operation to remove vulnerabilities to hundreds of Microsoft Exchange servers affected in recent hack
  • Small and medium-sized businesses affected by hacks that targeted the popular business e-mail platform
  • Businesses have been encouraged to install patches provided by Microsoft to address the issue
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New UConn Grant Program Supports Student Entrepreneurship

  • Three Connecticut colleges and universities taking part in program to support student entrepreneurs
  • Ignite Hartford includes educational workshops and a pitch night
  • Plans to expand networking opportunities with local businesses in the future
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Biden Pushing For Major Investments in Submarines

  • President Joe Biden’s discretionary funding request calls for slight increase to military budget, including submarine investments
  • Plan specifically supports the recapitalization of the strategic ballistic missile submarine fleet, next generation attack submarines, and autonomous and remotely operated systems
  • Submarine investments would provide a major boost to the southeastern Connecticut economy
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Connecticut Department of Consumer Protection Introduces Guide for Career in Trades

  • Connecticut Department of Consumer Protection releases step-by-step guide for those pursuing a career in skilled trades
  • Guide aims to assist those looking for a new career as the state recovers from the COVID-19 pandemic
  • Topics range from what to expect in classroom learning and apprenticeship training to how to find a job
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First Quarter Payments for Connecticut Paid Leave Program Due April 30

  • Connecticut Paid Family and Medical Leave Authority opens payment processing portal for employers
  • Withholdings for Connecticut’s new paid leave program began in January, and contributions must be made quarterly
  • Authority provides guidance on how to submit withholdings
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Harvard Professors Share Insights on Most Effective Team Collaboration Strategies for Post-Pandemic Efficiency

  • Harvard professors conduct research to determine most effective collaborative tactics developed during the COVID-19 pandemic
  • Three main types of interactions identified
  • Employers can improve productivity by understanding each type of interaction and tracking how effectively time is spent on them
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