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CBIA in the News - Newspaper ArticlesUnless otherwise noted, all articles are saved as PDF files. To download Adobe Acrobat click here. State's global warming bill expected to pass HARTFORD -- A global warming bill is expected to breeze through the legislature. Bill plans State-K' for small business But options exist now, CBIA says By Cara Baruzzi HARTFORD Lawmakers are considering a bill that would establish a state-sponsored 401(k) retirement plan for small-business owners and their employees, as well as the self-employed. According to an analysis released Monday by AARP, if the legislation ultimately passes, it would make Connecticut the first state in the nation where state officials take an active role in facilitating retirement plans for small businesses. But the proposal faces some opposition, including from the Connecticut Business & Industry Association, which claims there already are affordable retirement plan options available to those the bill aims to help. Dems back statewide 401(k) plan By Ken Dixon HARTFORD Majority Democrats in the General Assembly want to make Connecticut the first state to offer 401(k) retirement-savings plans to small businesses, non-profits and the self-employed. Senate President Donald E. Williams Jr., D-Brooklyn, said Monday that he anticipates a vote this week on a bill, which if also passed by the House and signed into law by the governor, would make the state the first in the country to adopt a so-called universal 401(k) the bill.
Supporters rally for paid sick days By Rob Varnon Connecticut Post 4-17-08 We're facing a bigger problem than just a few employers who don't give out sick days, Dr. Bruce Gould said Wednesday, the same day supporters of a bill to force employers to offer workers sick days rallied in Hartford. Waterbury students to get cash for passing advanced placement courses By Mike Puffer WATERBURY -- Wilby High School students who pass their final Advanced Placement tests next year will earn $100 for themselves for every AP test they pass.
And they will earn an equal amount for their teachers. By Rob Varnon A bill being considered by the state Legislature's Judiciary Committee, that would force employers to grant paid sick leave to employees, has ignited a fight over how best to protect workers from abusive employers. Senate Bill 217 is sitting in the Judiciary Committee and all sides are expecting it be discussed and possibly voted on by the committee on Friday. It would require any employer with 25 or more employees to grant paid sick leave. On one side of the fight, the state's largest business lobby, the Connecticut Business & Industry Association, calls S.B. 217 another mandate that will make the state less business friendly Record number of businesses fold By Angela Carter New Haven Register HARTFORD The state experienced a record number of business closures in the first quarter of the year and March shutdowns were the highest so far in 2008, Secretary of the State Susan Bysiewicz reported Wednesday. From January to March, a total of 2,752 businesses folded, the highest number for a first-quarter period since at least 2000, according to Bysiewicz. In March alone, there were 1,107 closures, which followed 749 in February and 896 in January. By Hoa Nguyen Yesterday she was reminded of the academic progress the school has made in recent years, accepting an award on behalf of Hamilton Avenue School during the second annual Vanguard Schools Conference held in Cromwell.
By Cara Baruzzi As the nation grapples with various economic woes, particularly the ongoing credit crisis, the Bush administration Monday proposed sweeping changes to the financial regulatory system that, if enacted, would be the biggest overhaul of its kind since the Great Depression. Business owners in state worrying more about the economy By Register Staff Connecticut business owners, while somewhat optimistic about their own companies, are increasingly worried about the state and national economies, according to a pair of surveys released Monday. Bracing for the downturn At the Connecticut Business Day event, keynote speaker Gov. M. Jodi Rell and top lawmakers met with business leaders and urged them to keep a tight ship through these economic horse latitudes. About 300 Connecticut business people participated in the annual event sponsored by the Connecticut Business and Industry Association and the Connecticut Association of Chamber of Commerce Executives. Executives mingled with the policymakers and urged them above all to do no harm to the state's business climate. Fed Again Cuts Rates, Wall Street Rebounds By Anthony Cronin The Day 3-19-08 The Federal Reserve, hoping to infuse some vigor into an increasingly anemic economy, on Tuesday cut interest rates again its sixth slice in six months and the financial markets roared ahead. The closely watched Dow Jones industrial average soared more than 420 points, or 3.5 percent, on news that the Fed, which controls the spigot of this nation's money supply, loosened some more with a three-quarter-point cut in the federal funds rate to 2.25 percent. Business lobby out to end entity tax By Angela Carter HARTFORD More than 1 00 business leaders from around the state converged at the Legislative Office Building Wednesday to lobby their General Assembly representatives for business-friendly policies starting with the elimination of the annual $250 business entity tax.
Leonard offers tips on family business By Luther Turmelle CROMWELL Family businesses comprise about half of the state's companies, but few of them are as well known as Stew Leonard's, Connecticut's homegrown grocery store chain. Despite that, the Norwalk chain's president and chief executive officer, Stew Leonard Jr., told about 150 participants in a family business conference Thursday that he doesn't consider himself an expert on the subject. Leonard was the keynote speaker at the conference, which was sponsored by the Connecticut Business & Industry Association and the University of Connecticut 's Family Business program.
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