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Around this time each year, the all-volunteer personnel committee at Unitarian Universalist Society: East in Manchester sits down with a broker to select an employee health insurance plan for the coming fiscal year.
Only three of the church’s six employees are on the plan, yet it costs about 10% of the nonprofit’s annual $500,000 budget. And each year, their carriers’ rates have gone up often by double-digit percentages. ....
Many small businesses and nonprofits in Connecticut face a similar conundrum, weighing the solvency of their business against how generous they’d like to be with employee health benefits. ....
Connecticut small businesses bid for $480 million in next round of PPP funding By Alexander Soule FacebookTwitterEmailLinkedInRedditPinterest Photo: Peter Hvizdak / Hearst Connecticut Media Connecticut lenders are seeing less demand for the newest installment of a key COVID-19 jobs program, though thousands of businesses statewide have signed up applications still being accepted. In the first week of the Paycheck Protection Program’s second round of funding this month, close to 4,800 Connecticut businesses signed up for nearly $480 million to meet payroll, rent, and other expenses. Nearly 20 cents of every dollar have gone to restaurants, hotels, and other hospitality businesses, with the construction, manufacturing, and health sectors also getting substantial assistance. ....