SPECIAL FEATURE STORIES FROM AROUND THE WORLD!
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WORLD – BOARD DIVERSITY IN 2020 SHOWS SLOW SIGNS OF PROGRESS STUDY FINDS: Despite increased attention to diversity and inclusion, board diversity progress is slow and insufficient, according to a report from executive search firm Egon Zehnder.
The 2020 Egon Zehnder Global Board Diversity Tracker examined the boards of the largest public companies across 44 countries globally in 2020. Data from 1,685 companies was analyzed.
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COVID-19 PANDEMIC TRACKING THE GLOBAL CORONAVIRUS OUTBREAK: Coronavirus is continuing its spread across the world with almost 80 million confirmed cases in 190 countries and more than 1.7 million deaths.
The virus is surging in many regions and countries that had apparent success in suppressing initial outbreaks are also seeing infections rise again.
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A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!
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WHAT THE SECOND STIMULUS MEANS FOR OUR SMALL BUSINESS: A second coronavirus stimulus package passed on December 21, and it isn’t quite as generous as the first. It targets small businesses that are struggling the most during the coronavirus pandemic. Businesses that already got a Paycheck Protection Program (PPP) loan will likely have access to more funds — and some might be eligible for another loan.
It also establishes a grant program for businesses that rely on ticket sales and clarifies some confusion over whether PPP forgiveness is taxable — it isn’t.
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NASDAQ PROPOSES BOARD DIVERSITY REQUIREMENT FOR LISTED COMPANIES: Nasdaq Inc on Tuesday filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting.
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YOUR JANUARY 2021 NEWS BULLETIN BRIEF FROM THE…
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TENNESSEE’S ECONOMIC RECOVERY CHALLENGED BY LINGERING CORONAVIRUS: Tennessee has regained more than 70% of the nearly 400,000 jobs it lost this spring from the pandemic, but the lingering virus is still hobbling the recovery and the economic scars from the unprecedented downturn won’t be fully overcome in the state’s hard-hit hospitality industry until 2024, according to a year-end economic forecast released Wednesday.
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NASHVILLE TO SPEND $13.8 MILLION FOR RIVERFRONT IMPROVEMENTS: Mayor John Cooper and a local developer created an agreement this week to revitalize part of the riverfront in downtown Nashville. Under the agreement, Metro will fund $13.8 million in public road costs within River North — the property that runs along the Cumberland River’s East bank — according to a media release.
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HELPING SMALL BUSINESSES TRANSITION TO ‘THE NEW NORMAL’ IN 2021: If one phrase were used to describe 2020, it might be this: “Everything has changed.”Terms like social distancing, shutdowns, working remotely and, of course, COVID-19, will remain in our minds permanently. Business operations have also changed – permanently.
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FORD ADDS $4.3 BILLION TO LOUISVILLE ECONOMY BETWEEN TWO PLANTS, NEW STUDY SHOWS: An economic impact study by Boston Consulting Group found Ford Motor Co. adds $4.3 billion to the Louisville economy between its two plants. The Kentucky Truck Plant on Chamberlain Lane manufactures Ford’s F-Series Super Duty trucks, Ford Expeditions and Lincoln Navigators, while the Louisville Assembly Plant on Fern Valley Road builds the Ford Escape and Lincoln Corsair.
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WEST VIRGINIA HAS THE 11TH MOST FEMALE BUSINESS OWNERS IN US: The percentage of women entrepreneurs in West Virginia has shot up, and it’s already passed most other states in the country. We’re living in a state with the 11th highest percentage of women businesses owners in the US, according to a recent study.
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DRUG MAKER VIATRIS TO CLOSE WEST VIRGINIA PLANT EMPLOYING 1,500: Pharmaceutical company Viatris will close its manufacturing plant in Morgantown, eliminating 1,500 jobs in the state as part of global cuts weeks after a merger.“It is devastating news to the northern part of the state,” Gov. Jim Justice said Friday. He said his office was blindsided by the news Thursday and was hoping to salvage some of the jobs through talks with company management. The plan calls for closing the facility by the end of July 2021.
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NO LIMITS… JUST OPPORTUNITIES!
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