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Business News Roundup, June 14, 2021

A fourth COVID-19 vaccine candidate, e-commerce pressures on small businesses, and a rise in unruly customers are among the top business news items this morning.

Business News Roundup, June 11, 2021

An infrastructure compromise, reduced services and staff at hotels, a special legislative session in Connecticut, and an East Coast collaborative on offshore wind are among the top business news items this morning.

Business News Roundup, June 10, 2021

Scrapped orders on Chinese-owned apps, a surge in retail spending, difficulties in breaking into the electric vehicle market, lower jobless claims, higher consumer prices, an approved Connecticut budget,

Benefits

Bill Approved by Connecticut General Assembly Looks to Bolster Child Care in State

  • Connecticut General Assembly approves bill creating broader child care access in the state
  • The measure eases the process of licensing a family child care home in certain cities and expands eligibility in Connecticut’s Care 4 Kids program
  • Previous proposals of a student loan forgiveness program and personal income tax credit for certain child care educators and providers were not included in the final bill

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Amid Economic Recovery, Businesses Replace Some Lost Jobs with Automation

  • COVID-19 pandemic and labor shortage accelerate employer adoption of automation
  • Artificial intelligence is still insufficient for many tasks, but employers have been using it for certain tasks to improve efficiency of human workforce
  • Roles primarily held by women with lower education levels are most at risk of being lost to automation

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Business News Roundup, June 9, 2021

A temporary end to negotiations on a federal infrastructure bill, record high job openings, how an oil company pivoted to be a renewable leader, an advance in the Connecticut budget,

Business News Roundup, June 8, 2021

Uneven job creation, expected actions on supply chain resilience, and a vote in favor of recreational marijuana legalization in Connecticut are among the top business news items this morning.

Connecticut Legislature Passes Bills on Cash Payments, Disabled Workers, Business Insurance

  • Connecticut General Assembly approves measure barring most businesses from prohibiting cash payments
  • Another approved bill orders the Department of Economic and Community Development to create a plan to assist disabled residents to enter the workforce
  • A provision in another piece of legislation creates a task force to study the insurance costs borne by businesses in Connecticut’s distressed municipalities

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EIDL, SVOG Remain Open For Applications as Other SBA COVID-19 Relief Options Expire

  • U.S. Small Business Administration issues reminder of ongoing COVID-19 relief programs following closure of Paycheck Protection Program and Restaurant Relief Fund to new applications
  • COVID-19 Economic Injury Disaster Loan program provides low-interest loans of up to $500,000
  • Shuttered Venue Grant Operators program assists arts and cultural organizations,

Business News Roundup, June 7, 2021

A global minimum tax agreement, elevated inflation expectations, teen work opportunities, offshore wind hurdles, Connecticut budget negotiations, and the final days of the Connecticut General Assembly’s 2021 session are among the top business news items this morning.

Few Businesses Are Prepared to Respond to Deepfake Attacks

  • Deepfakes, which involve the manipulation of digital media to create misleading videos, increasingly posing threats to businesses
  • Survey finds that majority of business leaders consider deepfakes to potentially present a risk to their company,

Business News Roundup, June 4, 2021

White House concessions in infrastructure negotiations, a warning to businesses to improve their cybersecurity, a commitment to waste reduction in the offshore wind industry, and the expansion of a Connecticut youth employment program are among the top business news items this morning.

Survey: High Health Care Costs a Key Problem Preventing Small Business Growth

  • Small Business for America’s Future survey identifies challenges small businesses face due to health care costs
  • More than half of respondents say the cost of providing health coverage has inhibited growth potential
  • Respondents show strong support for a variety of potential solutions to reduce prescription drug costs

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SBA Launches Annual Growth Accelerator, Debuts New SBIR Award

  • U.S. Small Business Administration announces the return of its Growth Accelerator Fund Competition
  • Small Business Innovation Research Catalyst Program also returns with new awards available
  • Applications will be accepted through June 25

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Connecticut Senate Approves Set of COVID-19 Relief Measures For Small Businesses

  • Connecticut Senate unanimously passes a bill providing COVID-19 relief to small businesses
  • Legislation prohibits increases in employer experience ratings based on unemployment claims during the pandemic and also exempts PPE from sales and use taxes
  • Another provision requires Connecticut agencies to prepare a federal regulatory analysis for any proposed state regulations

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Business News Roundup, June 3, 2021

An early termination of unemployment benefits in several states, the rollout of SBA grants, White House COVID-19 vaccine incentives, falling jobless claims, and increased productivity are among the top business news items this morning.

PPP’s Final Tally: Nearly $800 Billion to More Than 8.5 Million Businesses

  • As the Paycheck Protection Program closes to new applications, the U.S. Small Business Administration releases data on its effectiveness
  • Nearly $800 billion has been approved for more than 8.5 million businesses over the course of the program
  • Ninety-six percent of loans in the latest round of funding went to businesses with fewer than 20 employees

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Business News Roundup, June 2, 2021

An uneven global economic recovery, U.S. Chamber concerns about the labor shortage, and a wind turbine vessel agreement are among the top business news items this morning.

Business Planning

What Business Support Is In the Biden Administration’s Call for Investments to Narrow the Racial Wealth Gap

  • Biden administration calls for billions of dollars in investments in initiatives to support minority-owned businesses as part of larger effort to reduce racial wealth disparity in the United States
  • Additional $100 billion in federal procurement to be directed to small disadvantaged businesses over the next five years
  • Initiatives proposed for the administration’s infrastructure bill would also create several new programs under the SBA as well as a $1 billion grant program for minority-owned manufacturers

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$5,000 Grants Available Through Thomaston Savings Bank

  • Thomaston Savings Bank will award $5,000 grants to 10 small businesses
  • Funding comes through Jobs for New England program
  • Program aims to relieve financial stress on small businesses to help them recover from the COVID-19 pandemic

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Business News Roundup, June 1, 2021

The official end of the Paycheck Protection Program, guidance on COVID-19 vaccine requirements, higher restaurant prices, a potential alternate Connecticut budget, and a boost to submarine building are among the top business news items this morning.

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News

Latest news on local, state, and federal business trends.
In-person and online events from state and local organizations.

Resources

Major topics facing the entrepreneur explained.
Government and foundation organizations that can assist your business.
Improve your business knowledge.
Learn how to access local, state and federal funding sources.
Discover where your business plan might need improvement.
Business courses for comprehensive learning.

Learn more about the region’s Blue Tech.

Community

Search thousands of listings to find the right businesses and services to help your enterprise.
Create a Listing

Share your story, ask questions, or pitch partnerships to improve collaboration among the local small business community.
Get personalized resources and make connections with other businesses with a free account.