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Tag: COVID-19 economic impact
â€œItâ€™s a shift in power, away from the companies and towards the employees,â€ said SHU professor Jeanine Andreassi.
â€œOur grants and programs will still have a very important part to play in the small business ecosystem in 2022 â€“ and beyond,â€ says Connecticut SBA District Director Catherine Marx.
â€œIâ€™m telling restaurateurs that their job is still survival,â€ Connecticut Restaurant Association President and CEO Scott Dolch says. â€œThe next six months are going to be critical."
The Delta variant dampened indoor dining at 88% of restaurants in the state, according to the report.
Outgoing Mayor David Martin said he couldn't imagine how either of his successors -- State Rep. Caroline Simmons or Bobby Valentine -- could â€œmess this up."
According to the group's latest survey, 80% of employers report difficulty finding and retaining employees and 35% say the labor shortage is the greatest obstacle to growth.
â€œThese strategic investments in agriculture are in great need for farmers to continue operating and providing safe, affordable, and healthy foods to residents,â€ said the executive director of the Connecticut Farm Bureau Association. Â
One recent survey found that 44% of small business owners have less than three monthsâ€™ cash reserves â€“ a particularly worrisome situation should another Covid-related shutdown or other emergency arise.
Although sports wagering goes into effect on Oct. 7, Mohegan Sun may not yet be on board. "â€œWe would rather roll it out properly than too quickly,â€ says President and CEO Ray Pineault.
With federal and state unemployment bonuses now expired, there could be a returning tsunami of people looking for regular employment â€“ and unsure of how to find it.
While Connecticutâ€™s meetings and events business relies heavily on air travelers, it is now refocusing its efforts to attract those able to travel here by car.
Of the 773 adult patients admitted to hospitals with Covid-19 in June and July, 98.3% were estimated to be unvaccinated.
"The harsh reality is that itâ€™s getting harder trying to balance rising costsâ€ with revenue, says Connecticut Restaurant Association Executive Director Scott Dolch.