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Business News Roundup, Sept. 20, 2021

Uncertainties over the debt limit, successful COVID-19 vaccine tests in young children, higher health care premiums in Connecticut, and audits of Connecticut unemployment claims are among the top business news items this morning.

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Business News Roundup, Sept. 20, 2021

Uncertainties over the debt limit, successful COVID-19 vaccine tests in young children, higher health care premiums in Connecticut, and audits of Connecticut unemployment claims are among the top business news items this morning.

Business News Roundup, Sept. 17, 2021

Businesses awaiting answers on vaccine mandate questions, inventory challenges for small retailers, and a potential estuarine reserve in Connecticut are among the top business news items this morning.

Covid-19

Small Business Group Plans Legal Challenge of Biden Administration’s Proposed Vaccine Mandate

  • Job Creators Network says it plans to sue the Biden administration over its proposed COVID-19 vaccine mandate for employers with 100 or more workers
  • Group charges that the mandate is an overreach of federal power and would hinder small business growth
  • National Federation of Independent Business protests vaccine mandate proposal in letter to Labor Department

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Competitor Analysis

In Face of Widespread Resignations, Some Small Business Sectors See Growth

  • Survey finds that small businesses in certain sectors have grown despite COVID-19 and labor challenges
  • IT, education, and professional services see significant growth in recent months
  • Small businesses overall have faced greater challenges in recovering from the pandemic,

Business News Roundup, Sept. 16, 2021

An unexpected boost in retail sales, a slight increase in jobless claims, small building supply businesses benefit from a construction boom, an extended deadline for a port project in Connecticut,

Business News Roundup, Sept. 15, 2021

Falling incomes in the United States, a White House meeting with business leaders on a proposed vaccine mandate, higher metal costs, the potential expansion of Governor Ned Lamont’s emergency powers,

Business News Roundup, Sept. 14, 2021

A major business group seeking clarification on mandates, slowing inflation, ongoing gas price increases, the effect of mass transit concerns on return-to-office plans, the potential for a digital vaccine passport system in Connecticut,

Covid-19

Just Over Half of Connecticut Businesses Support COVID-19 Vaccine Mandates in Recent CBIA Poll

  • 52 percent of Connecticut businesses support COVID-19 vaccine mandates in an August poll from the Connecticut Business & Industry Association
  • The survey was issued before President Joe Biden’s recent proposal to mandate vaccinations for workers in companies with 100 or more employees
  • Support for vaccine mandates has grown as a fourth wave of COVID-19 slows economic growth

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COVID-19

Are Resume Bots Keeping You From Connecting With Potential Job Candidates?

  • Study estimates that 27 million people in the United States can be classified as “hidden workers,” or qualified job candidates who are screened out by AI
  • Systems might exclude candidates due to factors such as long-term unemployment or lacking non-essential skills
  • Researchers recommend that companies update AI and job descriptions for better matches with qualified appliants

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Business News Roundup, Sept. 13, 2021

A proposed corporate tax increase, dimmed hopes for a $3.5 trillion social and environmental bill, mixed business reaction to those proposals, calls for new COVID-19 relief,

Business News Roundup, Sept. 10, 2021

The Fed plans to start tapering, an automatic retirement plan enrollment proposal, a boost in wholesale prices, studies on the impact of supplemental unemployment benefits,

COVID-19

SBA Increases COVID EIDL Loan Cap to $2 Million

  • U.S. Small Business Administration increases borrowing limit for COVID EIDL loans from $500,000 to $2 million
  • Other changes also announced, including the ability to use COVID EIDL funds to prepay commercial debt or make payments on federal debt
  • A 30-day exclusivity window will give priority to loans that fall under the previous $500,000 cap

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Covid-19

Biden Proposes COVID-19 Vaccine Mandate for Companies with 100 or More Employees

  • President Joe Biden proposes COVID-19 vaccine mandate for companies employing more than 100 people
  • Rule would be implemented through an OSHA temporary emergency standard
  • White House ramps up efforts to encourage vaccinations amid new surge in COVID-19 infections and faltering economic growth

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Business News Roundup, Sept. 9, 2021

A Treasury report on wealthy tax evasion, division over a potential reappointment of the Federal Reserve chairman, a sharp drop in jobless claims, and how a lack of skilled workers impacts infrastructure plans are among the top business news items this morning.

Accounting

SBA Expands Access to COVID EIDL Program, Allows Funds to Be Used for Debt Payments

  • U.S. Small Business Administration issues interim final rule expanding access to its COVID EIDL program
  • Loans are now available to applicants in hard-hit industries who have up to 20 locations and fewer than 500 employees per location
  • Other changes include the ability to use COVID EIDL funding to pay down debt

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Companies Focusing on Employee Experience Improvements in IT Investments

  • “State of Workplace Tech” report finds that employee experience has been a key driver in employers’ information technology investments
  • Supporting remote work and improving employee communications were the top motivators for such investments
  • 42 percent said cost presented a barrier in making IT investments

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Business News Roundup, Sept. 8, 2021

Negotiations set to begin on a multi-trillion dollar social policy bill, a goal for a massive ramp-up in solar power, a plateau in new job postings,

Expanding a Business

WBDC Accepting Applications for Equity Match Grants

  • Women’s Business Development Council begins accepting applications for its Equity Match Grant program
  • Women-owned businesses can receive up to $10,000 toward projects that will have a measurable impact on the business
  • Applications are being accepted through Sept.

Business News Roundup, Sept. 7, 2021

The end of federal supplemental unemployment benefits, an ongoing trend of decreased office occupancies, dimming hopes for a revival in business travel, an expectation of persistent delivery delays,

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