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Tag: COVID-19 economic impact

Trumped: President’s brand in free fall as companies, lawmakers flee

“His brand is so tied to him as a person that the association is almost impossible to unlink,” says Sacred Heart University Professor David Taylor.

Latest Stamford data paints (mostly) strong economic picture

City officials say Stamford is only a few hundred residents away from becoming the second-largest city in the state.

Lamont: Executive order helped net $35 million for workers displaced by...

The order retroactively and temporarily increased weekly unemployment benefits to $100 for many Connecticut residents, enabling them to qualify for the federal Lost Wages Assistance Program.

New round of fed stimulus welcome – but will it be...

First County Bank, which typically approves about $140 million in loans per year, processed 1,144 loans for about $125 million during the first round of the Paycheck Protection Program.

CT reinvigorating business recruitment and retention efforts

“We’re a lot further along in being proactive versus reactive -- and it’s beginning to pay dividends," says Peter Denious, president and CEO of AdvanceCT, the state government’s economic development entity.

Gov. Lamont’s State of the State address: ‘I have never been...

This year, the governor said, “We will continue to emphasize our best-in-the-nation public schools and workforce development, making sure every child, regardless of zip code, race, color, or creed, has the best opportunity at the starting line of life.”

Treasurer Shawn Wooden: The Business Journal Interview

“I feel very strongly that, just because (the rainy day fund) is there, we should not deplete it. While it's raining today, we don’t know how long the rain is going to last – or when it’s going to start raining again."

CT state Sen. Tony Hwang: Lack of post-pandemic planning is...

"We all need to create a more viable, sustainable, and financially sensible form of government," says the Deputy Senate Republican Leader, whose 28th District includes Easton, Fairfield, Newtown, Weston and Westport.

New report says 37% of CT’s small businesses have closed due...

On the national level, the report found that about 28.8% of small businesses have closed since the start of the year.

One of four small-business owners say they will have to close...

A new survey also found 22% of business owners saying they will be able to operate no longer than 7-12 months under current economic conditions.

Planet Fitness strives to remain (financially) fit with safety innovations

The company recently added a new “Crowd Meter” feature to its free app, which allows members to monitor gym capacity – currently limited to 50% -- in real time.

$2.1B Westchester County budget approved

The 2020 budget year is scheduled to end with no layoffs, no furloughs, no service cuts and no borrowing for pension costs.

Congress reportedly near $900 billion Covid-19 stimulus bill

Nearly 17 million Covid cases, and about 308,000 related deaths, have been recorded nationwide.

Pandemic is changing definition of Class A buildings

The term, which used to mean a focus on amenities, has shifted to securing tenants' health, says Geoffrey Fay, a partner in Bridgeport law firm Pullman & Comley’s Real Estate Department.

Panelists upbeat about CT rebound barring any debilitating aftereffects

Multi-family has been stable, and single-family has been on fire," enthused People's United Bank Executive Vice President Marjan Murray at the Construction Institute's annual Fairfield County Economic Forum.