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State Launches $50M Small Business Aid Fund

State Launches $50M Small Business Aid Fund

by The Associated Press | Oct 22, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

The state of Connecticut is making $50 million in federal coronavirus relief funds available to small businesses that have been impacted financially by the coronavirus pandemic, providing one-time grants of $5,000 to 10,000 employers.

State’s Infection Rate Climbs to Highest Since June

State’s Infection Rate Climbs to Highest Since June

by The Associated Press | Oct 22, 2020 | Coronavirus, CR Daily, Industry News

Connecticut’s coronavirus infection rate has climbed to its highest level since June, Gov. Ned Lamont said Tuesday, urging residents to be disciplined “a little bit longer.”

McConnell Warns White House Against New COVID Relief Deal

McConnell Warns White House Against New COVID Relief Deal

by The Associated Press | Oct 21, 2020 | Coronavirus, CR Daily, Industry News

A relief bill is seen as necessary to stabilize individual Americans and avoid large cuts in state budgets and services like public transit or health services, and to fund eviction-preventing rental aid programs.

State’s Infection Rate Climbs to Highest Since June

Eleven CT Communities Placed on ‘High Alert’ for COVID-19

by The Associated Press | Oct 16, 2020 | Coronavirus, CR Daily, Industry News

Nearly a dozen of Connecticut’s 169 cities and towns were listed Thursday as “high alert” communities for COVID-19 infections. All but two are located in the southeastern part of the state.

Pfizer: Mid-November Earliest It Can Seek Virus Vaccine OK

by The Associated Press | Oct 16, 2020 | Coronavirus, CR Daily, Industry News

Pfizer Inc. cannot request emergency authorization of its COVID-19 vaccine before the third week of November – and that’s if everything goes well, the company’s CEO announced Friday.

State’s Infection Rate Climbs to Highest Since June

State’s New Reopening Phase Gets Tepid Reception

by The Associated Press | Oct 13, 2020 | Coronavirus, CR Daily, Industry News

Connecticut’s third reopening phase is set to begin Thursday, a milestone during the coronavirus pandemic that is getting a lukewarm reception from some business owners and arts aficionados.

Connecticut’s New Reopening Phase Getting Tepid Reception

by The Associated Press | Oct 8, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

Connecticut’s third reopening phase is set to begin today, a milestone during the coronavirus pandemic that is getting a lukewarm reception from some business owners and arts aficionados.

Pandemic Pushes Start of Holiday Shopping Earlier than Ever

by The Associated Press | Oct 7, 2020 | Coronavirus, CR Daily, Industry News

Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic.

Business Conditions Top Concern for Community Banks

Business Conditions Top Concern for Community Banks

by Diane McLaughlin | Oct 6, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing

The pandemic has shifted the challenges facing community banks, as business conditions have become bankers’ top concern, according to the Conference of State Bank Supervisors annual national survey.

Hundreds of Regal, Cineworld Movie Theaters to Close

Hundreds of Regal, Cineworld Movie Theaters to Close

by The Associated Press | Oct 6, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

In the latest blow to the beleaguered film industry, the second-largest movie theater chain in the U.S. is temporarily shuttering its locations Thursday.

State’s Infection Rate Climbs to Highest Since June

Stocks Slump After Trump Tests Positive

by The Associated Press | Oct 2, 2020 | Coronavirus, CR Daily, Industry News

Stocks are pulling lower Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.

Walmart Looks to Airports as Inspiration for Store Design

Walmart Looks to Airports as Inspiration for Store Design

by The Associated Press | Sep 30, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

Walmart is getting inspiration from the airport terminal as it revamps the layout and signage of its stores to speed up shopping and better cater to smartphone-armed customers.

Mnuchin and Powell Back More Jobless Aid and Small Business Loans

Mnuchin and Powell Back More Jobless Aid and Small Business Loans

by The Associated Press | Sep 25, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provide affordable loans to small businesses and further support for millions of Americans still unemployed.

Lamont Moves to Expand Restaurant Capacity, Gatherings

Lamont Moves to Expand Restaurant Capacity, Gatherings

by The Associated Press | Sep 25, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

Capacity at Connecticut restaurants, hair salons, libraries, and certain outdoor and indoor event and performing arts venues will increase beginning Oct. 8.

Lamont Forms Vaccine Advisory Group, Spring Breaks Axed

by The Commercial Record | Sep 22, 2020 | Coronavirus, CR Daily, Industry News

Connecticut is forming an advisory group to validate the safety of any coronavirus vaccines and how to distribute them to the public.

State’s Infection Rate Climbs to Highest Since June

Lamont Concerned About Rising Coronavirus Case Numbers

by The Associated Press | Sep 18, 2020 | Coronavirus, CR Daily, Industry News

Gov. Ned Lamont expressed concern Thursday about an increasing number of people testing positive for the coronavirus around the state.

$300 in Extra Jobless Aid Running Out Even as More Seek Help

$300 in Extra Jobless Aid Running Out Even as More Seek Help

by The Associated Press | Sep 11, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, Industry News, Residential Real Estate

The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration running out just weeks after it began and millions of laid-off Americans nearing an end to their state unemployment aid.

JPMorgan Investigating Employee Misuse of PPP

JPMorgan Investigating Employee Misuse of PPP

by The Associated Press | Sep 9, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing

JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.

Mnuchin and Powell Back More Jobless Aid and Small Business Loans

Hopes Fade for Coronavirus Deal as Congress Returns

by The Associated Press | Sep 8, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

At least there won’t be a government shutdown. But as lawmakers straggle back to Washington for an abbreviated preelection session, hopes are dimming for another coronavirus relief bill – or much else.

US Unemployment Rate Falls to 8.4 Percent

US Unemployment Rate Falls to 8.4 Percent

by The Associated Press | Sep 4, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

The U.S. unemployment rate fell sharply in August to 8.4 percent from 10.2 percent even as employers slowed their hiring again in one of the final major barometers of the economy to be released before Election Day.

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