Interest in leasing new office space was at just 21 percent of pre-pandemic levels for the third quarter of 2023. However, there was a slight increase in tenants looking for mid-sized office space.
There are approximately three dozen worker-owned businesses across the state and in nearly every sector of the economy. Experts predict that a new employee-ownership law will only increase that number.
Despite low-wage workers receiving the largest pay increases in most states between 2019 and last year, more than 40 percent of U.S. households still struggle to afford basic expenses, such as health care and housing.
Wage theft, which can include not paying workers minimum wage, misclassifying workers to avoid paying overtime and taking tips meant for employees, is a $50 billion problem in the U.S.
Artificial intelligence allows teachers to create virtual reality spaces to help further their students’ education in a protected environment. Many expect to see the region’s businesses soon adopt the tech as well.
The expansion of the Deferred Retirement Option Program will allow career government workers and educators to draw pensions while continuing to work for eight to 10 years but will cost the state an additional $350 million annually.
Dispensaries across the state are preparing for an influx of customers, including some from out of state, as it will be legal for any individual 21 or older to buy vapes, gummies, pre-rolled joints and edibles starting this weekend.
Workplace and financial realities will require city leaders, property owners and lenders to take action to break the cycle and reimagine downtowns.
Several out-of-state manufacturers in the housing industry have announced plans to move to the state, citing Connecticut’s impressive talent pool of skilled workers. Currently, 162,800 workers have jobs in manufacturing in the state.
The Cuyahoga County Council is considering legislation that would bar businesses that have engaged in wage theft or payroll fraud from contracting with the county and will require contractors to undergo ethics training.
Between 2019 and 2022 the state’s GDP grew by 5.7 percent, which is just slightly above the nation’s growth of 5.1 percent. Idaho, by contrast, saw its business output grow by 13.3 percent; Utah’s rose 11.6 percent.
The nation’s second largest school district and the teacher’s union have reached a tentative agreement that would avert the possibility of a second strike this year. The agreement includes raises for several position types and reduced classroom size.
The category 5 storm was the costliest hurricane in Florida history, causing $112.9 billion in damage and 66 direct deaths. Many residents cut their losses and left, but for those who remain, recovery is slow and ongoing.
More than $1.73 billion will go to 603 Community Development Financial Institutions nationwide, with three in San Diego County receiving funds. Much of the money will go to small-business lending in low-income regions.
Texas has seen more anti-LGBTQ+ protests than any other state besides California and accounts for about 12 percent of all protests nationwide. But many business owners aren’t going to let protesters stop them from hosting drag events.