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White House Pushes Small Business Benefits of Infrastructure Plan
  • White House fact sheet argues that President Joe Biden’s infrastructure bill creates several opportunities for small businesses
  • Benefits range from better financing options to increased government contracting opportunities
  • Republicans and Democrats continue to spar over scope and cost of infrastructure initiatives
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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 items.

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White House Pushes Small Business Benefits of Infrastructure Plan

  • White House fact sheet argues that President Joe Biden’s infrastructure bill creates several opportunities for small businesses
  • Benefits range from better financing options to increased government contracting opportunities
  • Republicans and Democrats continue to spar over scope and cost of infrastructure initiatives

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 items.

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

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

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,

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

Business News Roundup, April 14, 2021

The White House’s inflation strategy, a boom in luxury sales, and a Connecticut capital acquisition are among the top business news items this morning.

National

A report in the New York Times looks at how advisers in the White House and Treasury Department have been scrutinizing the potential for inflation under President Joe Biden’s spending plans,

Business News Roundup, April 12, 2021

Concerns about the Johnson + Johnson COVID-19 vaccine, a shutdown recommendation from the CDC, the potential for negotiations on the infrastructure proposal, a call for an ambitious climate goal,

Business Strategy

What Does Biden’s Discretionary Funding Request Do For Small Businesses?

  • President Joe Biden’s $1.52 trillion discretionary spending proposal includes a 9.4 percent increase to the U.S. Small Business Administration budget
  • Proposal would also invest in CDFIs and MDIs to assist entrepreneurs in rural and underserved communities
  • Several funding proposals support a broader effort to improve economic opportunities,

Report Shows Small Business Closures Picking Back Up, Nearing Pandemic High

  • Report from Facebook and Small Business Roundtable looks at closure rates of small and medium-sized businesses worldwide
  • Business closures in February were nearly as common as in the early months of the COVID-19 pandemic
  • More than one in four small or medium-sized businesses had reduced their workforce

Business News Roundup, April 12, 2021

A discretionary spending proposal, a crucial point for economic recovery, higher materials costs and corporate profits, negotiations on Connecticut executive orders, and an extended deadline for an innovation competition are among the top business news items this morning.

Accounting

Solvency Support for Small and Medium-Sized Businesses Critical to Preserve Economy, IMF Says

  • IMF report says that government relief programs have focused on maintaining the liquidity of small and medium-sized businesses without adequately addressing their solvency
  • Report warns that insolvencies among smaller companies could be as severe as those after the Great Recession and concentrated in a smaller timeframe
  • IMF recommends quasi-equity investments,

Some Fishermen Go Digital Early as NOAA Prepares for Electronic Reporting This Fall

  • Some commercial fishermen begin to adopt electronic reporting early before it becomes mandatory this fall
  • NOAA Fisheries says shift will allow for better management of fish stocks in the New England and Mid-Atlantic regions
  • NOAA phase-out of paper logbooks taking place alongside long-term plan to eliminate traditional paper charts

Mask Innovation Challenge Offering $500,000 in Prizes

  • Federal challenge open to innovators interested in “building tomorrow’s mask”
  • Goal is to create a mask with better comfort, utility, and measurable protective capabilities
  • Challenge has a deadline of April 21

Business News Roundup, April 9, 2021

SVOG technical difficulties, a Johnson + Johnson vaccine shortage, and UConn panel on startup conditions are among the morning’s top business news items.

National

The U.S.

Covid-19

Paycheck Protection Program Likely to Run Out of Funds Before May 31

  • Paycheck Protection Program on track to exhaust available funds before its newly extended deadline of May 31
  • Approximately $68 billion of nearly $292 billion appropriated remains available
  • Business groups differ over whether PPP should receive additional funding or whether the program should be allowed to expire

Shuttered Venue Operators Grant Program Opens Today at Noon

  • U.S. Small Business Administration opening grant program for arts and cultural organizations today at noon
  • Qualifying applicants can receive grants based on their gross earned revenue
  • Awards will be given out starting later this month,

Business News Roundup, April 8, 2021

Another increase in jobless claims, Governor Ned Lamont’s visit to southeastern Connecticut, and cannabis education from UConn are among the top business news items this morning.

UBS Predicts 80,000 Retail Stores to Close Over the Next Five Years

  • UBS anticipates short-term recovery in retail after COVID-19 pandemic followed by a significant number of store closures
  • Prediction based on anticipated increase in e-commerce to represent more than one-quarter of retail sales
  • Retail currently continues to expand,

Business News Roundup, April 7, 2021

An upgraded IMF forecast, an accelerated COVID-19 vaccine timetable and delay in virus-related OSHA standard, Amazon support for a corporate tax hike, the White House steps back from vaccine passports,

SCORE Connecticut Seeking Volunteers

  • SCORE Connecticut puts out a call for volunteers
  • Volunteers serve as mentors, subject matter experts, workshop presenters, and more
  • All volunteers are currently working virtually

U.S. Chamber Inviting Businesses to “Rally for Recovery Commitment”

  • U.S. Chamber looking to rally companies around the common goals of ending the COVID-19 pandemic and safely reopening
  • Rally for Recovery Commitment sets three goals for businesses to pursue
  • Companies that sign up for the initiatives receive updates on expert advice and other guidance

Consumers Increasingly Likely to Value Diversity in Businesses, Yelp Analysis Finds

  • Yelp finds a surge of searches for Latino-, Black-, women-, and Asian-owned businesses on its platform
  • The analysis suggests support for diverse businesses is driven in part by a desire to reject racism and sexism
  • Yelp also finds that these businesses tend to earn better reviews and are more likely to engage with user feedback

Business News Roundup, April 6, 2021

A call for a global coordination on corporate tax rates, new CDC disinfection guidelines, a small business antitrust coalition, a brisk pace in Connecticut’s vaccination efforts,

Sexual Harassment Incidents Can Have Immediate Effect on Company Value, Analysis Finds

  • Analysis of sexual harassment scandals associates them with an average market value loss of 1.5 percent after the scandal becomes publicly known
  • Losses are steeper if the scandal attracts prolonged media attention or if the CEO is involved in misconduct
  • Companies that reveal incidents on their own or take action against those involved typically mitigate their losses

COVID-19 Community Corps Volunteer Partnership Seeks to Boost Vaccinations

  • COVID-19 Community Corps seeks to overcome vaccine hesitancy in the United States
  • Ten business groups among the founding members, committed to promoting vaccines as a way of supporting economic recovery
  • Everyday Americans also encouraged to urge others to get vaccinated to help achieve herd immunity

Business News Roundup, April 5, 2021

An infrastructure counterproposal, new CDC travel guidance, pent-up savings, free flow in the Suez, reports on personal guarantees and minority business owners, and a public health option debate in Connecticut are among the top business news items this morning.

Employers More Willing to Adopt Pet-Friendly Policies After COVID-19

  • Survey finds that many employees are concerned about how a pet will fit into their workday after the COVID-19 pandemic
  • A majority of employers are willing to adopt more flexible work arrangements to accommodate pet care
  • Pet-friendly office policies have also been associated with stress reduction and other benefits

Job Creation Surges in March as 916,000 Positions Are Added

  • Easing of pandemic-related restrictions is helping to fuel major boost in job creation in recent months
  • Leisure and hospitality, education, and construction post the greatest number of new positions in March
  • Jobs report reflects an ongoing labor recovery,

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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 Economy.

Community

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