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“I’m an optimistic guy, or I wouldn’t work in the arts,” says Westport Country Playhouse Managing Director Michael Barker.
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 agency says that over 50,000 additional PPP loans have been approved, totaling $3.1 billion for Connecticut businesses and entities in 2021.
According to the latest data, about 98,000 employees are back to working in Connecticut's hospitality sector – something that usually employs around 150,000.
“We started about a year and a half ago,” Demetrius Glover, owner of wellness and community-building event company SolHaus in Stamford, said, “so with Covid, doing meditation and live entertainment at company events became difficult.”
DECD Commissioner David Lehman told the Business Journal that he expected to announce “a couple of big companies” relocating to Fairfield County from Westchester and New York City in the coming few weeks.
Fox News and MSNBC provide “different realities and different sets of facts” to their loyal viewers, the Congressman told the Norwalk Chamber of Commerce.
The deadline for applying for the forgivable loans is March 31 -- or sooner, if Congressional appropriations are exhausted.
As of Jan. 24, the SBA reports approving 4,787 loans for nearly $479.2 million in Connecticut during the new round.
Nationally, through Jan. 31 there have been 891,044 approvals for nearly $7.3 billion, with 4,942 lenders participating.
Paycheck Protection Program (PPP) Loans. Retroactive to the effective date of the CARES Act, PPP loans that are forgiven will be treated as tax-exempt...
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.
Connecticut Restaurant Association Executive Director Scott Dolch said the move will help "hundreds and hundreds" of restaurants to remain open through the winter months.
“This new funding will help small businesses keep their doors open," declared U.S. Sen. Chris Murphy (D-Connecticut).