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Tag: COVID-19 economic impact
“It’s been quite a ride,” says Jason Guyot. “Business levels still haven’t picked up to where they were pre-pandemic, and we’re still off on the revenue side.”
The unemployment rate decreased by 0.3% in May, to 5.8%, compared to 13.3% in May 2020.
New York state's Emergency Rental Assistance Program will provide $2.7 billion to households at risk of homelessness or housing instability, $20 million of which is earmarked for Westchester County.
“I’m an optimistic guy, or I wouldn’t work in the arts,” says Westport Country Playhouse Managing Director Michael Barker.
With sales jumping by some 400% last year, the company needed help in expanding its workforce.
The goal of the program is to help small businesses recover from the financial toll of the pandemic.
Eight out 10 reported a decline in revenue, while three quarters reported a revenue decline of 25% or more, over the prior year.
“A lot depends on how quickly people go back to their old behaviors,” the Danbury bank's president and CEO says.
The trust fund has been insolvent for 48 of the last 50 years.
The agency says that over 50,000 additional PPP loans have been approved, totaling $3.1 billion for Connecticut businesses and entities in 2021.
“Instead of looking at somebody else’s garden and trying to steal the fruit and bring it over, we need to be planting seeds here – seeds of talent and investment that will grow themselves," said former Lamont administration policy adviser Nick Simmons.
Aside from general support for local and regional food markets and businesses, the grants will be used for direct producer-to-consumer marketing and value-added agricultural products.
The unemployment rate in the accommodation sector remains 330% higher than the rest of the economy, according to the American Hotel & Lodging Association.
The union maintains that workers at 51 nursing homes have remained on the job so far despite their contracts having expired on March 15.