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  • MIL-OSI Translation: Joint Statement on the 2024 Global Ransomware Initiative

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    Today, Canada met with 67 other members at the 4th annual Initiative to Combat Ransomware Summit in Washington DC to enhance international cooperation in this area.

    The 68 members of the international Initiative to Combat Ransomware (ILR)—Albania, Argentina, Australia, Austria, Bahrain, Belgium, Brazil, Bulgaria, Cameroon, Canada, Chad, Colombia, Costa Rica, Council of Europe, Croatia, Czech Republic, Denmark, Dominican Republic, ECOWAS, Egypt, Estonia, European Union, Finland, France, Germany, Greece, Global Cyber Expertise Forum, Hungary, India, INTERPOL, Ireland, Israel, Italy, Japan, Jordan, Kenya, Lithuania, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Organization of American States, Papua New Guinea, Philippines, Poland, Portugal, Republic of Korea, Republic of Moldova, Romania, Rwanda, Sierra Leone, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vanuatu, and Vietnam—met in Washington, DC from September 30 to October 3 2024 for the fourth ILR gathering. Members who participated in previous editions welcomed Argentina, Bahrain, Cameroon, Chad, the Council of Europe, Denmark, the Economic Community of West African States (ECOWAS), Finland, the Global Forum on Cyber Expertise, Hungary, Morocco, the Organization of American States, the Philippines, the Republic of Moldova, Slovenia, Sri Lanka, Vanuatu and Vietnam as new ILR members.

    During the fourth ILR gathering, members reaffirmed their shared commitment to building collective resilience against ransomware, supporting members if they encounter a ransomware attack, pursuing actors responsible for ransomware attacks and not allowing these actors to operate in their jurisdictions, combating the use of virtual assets as part of the ransomware business model, working with the private sector to advise and support ILR members, and forging international partnerships so that we are collectively better equipped to combat the ransomware scourge.

    Over the past year, this coalition has grown and continues to build on commitments made at the third ILR gathering in 2023. The United States launched a new ILR Member Fund to strengthen members’ cybersecurity capabilities through rapid assistance following a cyberattack as well as targeted support to improve cybersecurity response skills, policies, and procedures.

    Under the Strategic Pillar, led by Singapore and the UK, efforts have been underway to strengthen resilience against ransomware attacks and leverage the ecosystem to disrupt the criminal ransomware industry. These efforts aim to strengthen the operating model that underpins the ransomware ecosystem by focusing work on secure software and labelling, methods to prevent the use of virtual assets as part of the ransomware operating model, policies to reduce ransom payments, increased and improved reporting, cyber insurance, and a playbook to guide businesses on how to prepare for, respond to, and recover from a ransomware attack. It is worth noting that ILR members and insurance bodies have endorsed guidelines to assist organisations that have been hit by a ransomware attack. The guidelines highlight the important role that cyber insurance can play in building resilience to cyberattacks and highlight actions that organizations should consider during an incident. In addition, pillar leaders hosted a tabletop exercise to help members identify gaps in their processes, learn best practices, and develop effective responses to ransomware attacks against the healthcare sector.

    Under the Diplomacy and Capacity Building pillar, led by Germany and Nigeria, ILR partnerships were expanded with the addition of 18 new members to the coalition and members’ capacity building assets and needs were established. To foster collaboration, build new partnerships, and recruit new members to the Initiative, ILR members hosted regional events throughout the year.

    Led by Australia and Lithuania, the Ransomware Working Group (RWWG) has focused its efforts on building resilience against malicious cyberattacks through international cooperation. As co-chairs of the RWWG, Lithuania and Australia developed governance principles for intelligence sharing and improved members’ integration into intelligence sharing platforms led by Lithuania and Belgium, as well as Israel and the United Arab Emirates. These platforms will enable members to easily share threat intelligence and indicators of compromise. As part of a project led by INTERPOL and Australia, a comparative report was produced to analyse ransomware responses and remediation across ILR member jurisdictions. Australia launched an ILR website and portal to facilitate the exchange of information and best practices, foster collaboration, and provide a mechanism for the ILR community to request assistance when members are victims of a ransomware attack. The LRWG Co-Chairs called on members to behave responsibly in cyberspace by encouraging them to hold malicious actors accountable and deny them safe haven using all cyber diplomacy and law enforcement tools at their disposal.

    Canada has established a new public-private sector advisory council to advise and support ILR members in the fight against ransomware. This advisory council will promote effective information sharing, build trust through clear expectations and people-to-people collaboration, and develop best practices to overcome practical barriers.

    ILR also hosted a first-ever event exploring the use of artificial intelligence (AI) to combat ransomware attacks. Topics discussed included using AI to track threat actor usage and software security, scenario planning for ransomware attacks on the healthcare industry, and tools like digital watermarking to counter disinformation.

    Through the annual ILR gathering, hard work, and regional meetings that take place between gatherings, we are committed to working together at the strategic and operational levels to combat ransomware threats and hold the perpetrators of these malicious attacks accountable. The ILR continues to advocate for responsible behavior in cyberspace and encourage members to report malicious acts. We remain committed to using all appropriate tools to achieve these goals and jointly commit to the following actions in support of this mission.

    Media RelationsPublic Safety Canada613-991-0657media@ps-sp.gc.ca

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI USA: NRCC Launches “Majority Makers” Video Highlighting Gabe Evans

    Source: US National Republican Congressional Committee

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –


    October 2, 2024


    The National Republican Congressional Committee (NRCC) released a Majority Makers video highlighting Gabe Evans’ military and immigrant background and how his experience will guide his work in Congress.

    WATCH THE VIDEO HERE

    “Gabe Evans’ unique background as a grandson of Mexican immigrants, Black Hawk helicopter pilot, combat Army veteran and former police officer has prepared him to fight back against tough challenges. When he gets to Congress, he can be counted on to put people over politics and continue working for Coloradans.” – NRCC Spokeswoman Delanie Bomar


    MIL OSI USA News

  • MIL-OSI USA: SBA Tops $60 Million in Disaster Assistance Loans for Severe Storms, Flooding, Straight-line Winds and Tornadoes

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, announced today that SBA has approved more than $60 million in federal disaster loans for Iowabusinesses and residents impacted by severe storms, flooding, straight-line winds and tornadoes that occurred June 16–July 23. According to Sánchez, SBA has approved $10,075,000 for businesses and $49,984,200 for residents to help rebuild and recover from this disaster.

    “SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Sánchez. Businesses and residents in Buena Vista, Cherokee, Clay, Dickinson, Emmet, Humboldt, Lyon, Monona, O’Brien, Osceola, Palo Alto, Plymouth, Pottawattamie, Scott, Sioux and Woodbury counties who sustained damages are encouraged to apply prior to the Oct. 22 deadline at SBA.gov/disaster. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” he continued.

    SBA continues to provide one-on-one assistance to disaster loan applicants at all the federal-state Disaster Recovery Centers and the SBA Business Recovery Center throughout the affected areas to explain SBA’s disaster loan program and help business owners and residents close their approved disaster loans.

    Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

    For small businesses and most private nonprofit organizations of all sizes, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for economic injury is March 24, 2025.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez added. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

    Disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

    Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.688 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

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    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Provides Critical Disaster Assistance to Help Georgians Recover from Hurricane Helene

    Source: United States Small Business Administration

    WASHINGTON – Low-interest disaster loans from the U.S. Small Business Administration (SBA) are available to businesses and residents in Georgia following the announcement of a Presidential disaster declaration for Hurricane Helene that began on Sept. 25.

    “SBA’s mission-driven team stands ready to help small businesses and residents in Georgia impacted by this disaster in every way possible under President Biden’s disaster declaration for certain affected areas,” said SBA Administrator Isabel Casillas Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”

    The disaster declaration covers Appling, Atkinson, Bacon, Ben Hill, Berrien, Brooks, Bulloch, Burke, Candler, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Echols, Emanuel, Evans, Glascock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Lowndes, McDuffie, Montgomery, Pierce, Richmond, Screven, Tattnall, Telfair, Toombs, Treutlen, Ware, Washington and Wheeler; which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Baldwin, Bleckley, Brantley, Bryan, Charlton, Dodge, Effingham, Elbert, Hancock, Long, McIntosh, Mitchell, Thomas, Tift, Turner, Twiggs, Warren, Wayne, Wilcox, Wilkes, Wilkinson and Worth counties in Georgia; Baker, Columbia, Hamilton, Jefferson and Madison in Florida; Aiken, Allendale, Barnwell, Edgefield, Hampton, Jasper and McCormick in South Carolina.

    Disaster survivors should not wait to settle with their insurance company before applying for a disaster loan. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA can make a low-interest disaster loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay the loan.

    Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  

    For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

    Disaster loans up to $500,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace disaster-damaged or destroyed personal property.

    Interest rates are as low as 4% for businesses, 3.25% for nonprofit organizations, and 2.813% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

    Building back smarter and stronger can be an effective recovery tool for future disasters. Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future disasters.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” said Francisco Sánchez, Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.” 

    With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and SBA low-interest disaster loan assistance to fully recover.  FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make you whole and get you back to your pre-disaster condition.  Do not wait on the decision for a FEMA grant; apply online and receive additional disaster assistance information at sba.gov/disaster.

    Applicants may also call the SBA’s Customer Service Center at (800) 659-2955 or send an email to disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is Nov. 29, 2024. The deadline to return economic injury applications is June 30, 2025.

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    About the U.S. Small Business Administration 

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI New Zealand: Federated Farmers demand fairer debt solutions

    Source: Federated Farmers

    More than one in five Kiwi farmers say their bank isn’t allowing them to structure their debt in the most interest-efficient way.
    That’s a key finding put forward by Federated Farmers in its recent submission to Parliament’s banking inquiry.
    “New Zealand farmers are clearly under huge pressure from the banks because we had more than 1000 farmers come forward to share their frustrations with us,” Federated Farmers banking spokesperson Richard McIntyre says.
    “We’ve used that feedback in our submission, leaving the select committee in no doubt about what farmers are dealing with and how banking issues are affecting them.”
    McIntyre says it’s highly concerning to hear so many farmers (22%) haven’t been allowed to structure their debt to minimise interest payments as much as possible.
    “We also had another 18% of farmers tell us they’re unsure of their options.
    “In total, 40% of farmers either find their debt structure inefficient or aren’t receiving the information they need to improve it.
    “That’s something we need this inquiry to sort out – and fast.”
    McIntyre says another recurring theme in feedback from farmers is the lack of transparency and the one-size-fits-all approach banks take to lending.
    One significant issue is the pressure farmers feel to use overdrafts to manage debt repayments or fund capital projects – tasks overdrafts were never intended for.
    In fact, 12% of farmers say their bank has asked them to fund capital work using an overdraft.
    “This is unacceptable,” McIntyre says.
    “Overdrafts are designed for managing seasonal cash flow, not to burden farmers with higher-interest debt, which only serves to boost bank profits.”
    He says many farmers are stuck in overdraft facilities that never return to positive balances, with banks reluctant to offer more sustainable solutions.
    This creates a cycle of high-interest debt, leaving farmers financially strained over the long term.
    “This isn’t just bad practice – it’s bad faith,” McIntyre says.
    “Banks are prioritising profits over the long-term financial health of New Zealand’s farmers.”
    He emphasises that overdrafts should be a tool, not a trap.
    Farmers have reported that, even when it makes good business sense, they’re unable to convert overdraft debt into term debt.
    “The advantage for the bank is that overdrafts generate higher interest, and banks can call in the debt at any time,” McIntyre says.
    “This practice leaves farmers vulnerable, with overdraft rates often 3-4% higher than term debt.”
    Federated Farmers is calling for banks to provide fair access to more efficient debt structures, particularly term debt, which would allow farmers to plan for the long term.
    “Farmers aren’t asking for special treatment,” McIntyre says. “We just want a fair go.”
    Federated Farmers has been instrumental in securing an initial briefing on rural banking, led by the Primary Production Committee.
    This has now developed into a full inquiry into banking competition, led by Parliament’s Finance and Expenditure Committee.
    Federated Farmers will ensure farmers’ perspectives are taken seriously, pushing for real changes in New Zealand’s banking system, McIntyre says.
    He says Federated Farmers is incredibly grateful to the thousands of farmers who shared their experiences as part of the submission process.
    “Farmers want change, and they’ve added significant weight to our submission.
    “Their voices are the backbone of this submission, and they’ve given us the momentum we need to keep pushing for real solutions.”
    Federated Farmers is now preparing to present its oral submission to Parliament.
    “We’re not just here to highlight the problems,” McIntyre says. “We’re here to advocate for real solutions that will make a difference for every farmer in New Zealand.”
    “We’re 100% committed to ensuring the banking inquiry delivers meaningful change for rural banking.
    “We won’t stop until every farmer has access to banking that is fair, efficient, and on our terms.”

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Road blocked, SH7, Lewis Pass Road

    Source: New Zealand Police (District News)

    State Highway 7, Lewis Pass Road, is blocked following a two-vehicle crash this morning.

    Emergency services were alerted to the crash at around 7.30am.

    One person has received serious injuries, and two people have received moderate injuries.

    The road is blocked, and motorists are advised to avoid the area if possible and expect delays.

    Motorists are also asked to take care on the roads due to the weather conditions this morning.

    ENDS

    MIL OSI New Zealand News

  • MIL-OSI USA: Rep. Cuellar Announces $3,125,000 in Federal Funding to Hire 25 New Police Officers in Laredo

    Source: United States House of Representatives – Congressman Henry Cuellar (TX-28)

    Today, Congressman Henry Cuellar, Ph.D. (TX-28) announced $3,125,000 in federal funding to hire 25 new police officers in Laredo. This federal funding was awarded to the City of Laredo from the Office of the Community Oriented Policing Services (COPS Office) through the Department of Justice (DOJ) and is administered through the COPS Hiring Program (CHP).

    “It is essential that our local law enforcement agencies have the resources they need to protect our community,” said Congressman Cuellar, a senior member of the Appropriations Committee. “These federal dollars are vital for Laredo by enabling the city to hire more police officers – which will increase public safety, help prevent crime and add to the local economy. I would like to thank Laredo Mayor Dr. Victor Trevino and Chief of Police Miguel A. Rodriquez Jr., for working with me to deliver essential funding to Laredo. I would also like to thank Laredo law enforcement for the important work they do day in and day out to keep our community safe.”

    “We are deeply grateful for the Department of Justice’s support through the COPS grant, which will allow us to add 25 new officers to our ranks. This significant investment in our community’s safety underscores our commitment to enhancing public safety and fostering strong community relationships. With these additional resources, we are better equipped to address the needs of our growing city and ensure a safer environment for all residents. Additionally, I would like to thank and give credit to our city management, council, and mayor that supported this,” said Miguel A. Rodriguez Jr, Chief of Laredo Police

    The COPS program provides grants, training, and technical assistance to law enforcement agencies across the country as they work to reduce violent crime. 

    The COPS Hiring Program pays up to 75% of entry-level officer salary and up to $125,000 per position, with three years of funding over a five-year period. Local agencies must match at least 25% of the funding awarded. 

    These officers will be strategically placed in high-activity areas based on data. Their presence will disrupt criminal activity and make our streets safer.  Laredo PD will use a data-driven approach to adjust resources as needed. This flexibility ensures that we respond quickly to emerging issues. 

    Dr. Cuellar has long fought for Laredo law enforcement. Last year, Laredo received $1.875 million to hire 15 officers – totaling 40 new officers for the City of Laredo through the COPS Program in the past two years and 234 officers that the City of Laredo has been able to hire through the COPS Hiring Program from current and past program awards.

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    MIL OSI USA News

  • MIL-OSI USA: CLARKE ISSUES STATEMENT ON THE IRANIAN ATTACK AGAINST ISRAEL

    Source: United States House of Representatives – Congresswoman Yvette D Clarke (9th District of New York)

    FOR IMMEDIATE RELEASE:

    October 2, 2024

    MEDIA CONTACT: 

    e: jessica.myers@mail.house.gov

    c: 202.913.0126

    Washington, D.C. — Today, Congresswoman Yvette D. Clarke (NY-09) issued the following statement:

    “I condemn Iran’s ballistic missile strike against Israel in the strongest possible terms. Thankfully, this assault – reportedly the largest of its kind in history – failed to accomplish its goal of indiscriminate slaughter. The scale of its ineffectiveness stands as proof of the enduring need to support our ally, Israel, with the tools necessary to protect its people and to defend its sovereignty. Moreover, it serves as yet another reminder of Iran and its proxies’ propensity for sowing terror and their role as the most significant obstacle to peace and stability in the Middle East. For the sake of the safety and wellbeing of all innocent peoples of all nations in the region, I urge the United States to stand with our ally as a committed advocate for prioritizing humanity, continue working with allies to establish a lasting ceasefire, secure the safe return of the hostages abducted on October 7th, 2023, and persist in the extremely difficult challenge of finding the path towards peace.”

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    MIL OSI USA News

  • MIL-OSI USA: Amata Welcomes House Colleagues and Key Senators in American Samoa

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amatatook part in welcoming key U.S. Senators and her House colleagues as their Congressional Delegation (CODEL) on a U.S. Air Force flight landed in American Samoa, as did Governor Lemanu P.S. Mauga. The bipartisan CODEL included Chairman Joe Manchin of West Virginia, Senator Lisa Murkowski of Alaska, and two of Amata’s House colleagues, also on influential committees: Congressman Wiley Nickel North Carolina, Finance Committee; and Congressman Greg Pence of Indiana, Energy and Commerce Committee.

    CODEL group photo

    Amata’s bill, H.R. 6062, which expedites American Samoa’s amendments as already approved by the people, is in line for consideration before the same Committee on which Chairman Manchin presides and Sen. Murkowski is a senior senator. Amata spoke to Chairman Manchin about it, and Amata’s House-passed bill is expected to be in front of the Senate Committee on Energy and Natural Resources in mid-November, once Congress has resumed, as it has been examined already by a Senate Subcommittee and is moving forward as a noncontroversial bill.

    CODEL in American Samoa with Governor Lemanu Mauga and Congresswoman Uifa’atali Amata

    “I also discussed 30a (the American Samoa Economic Development Credit) with Chairman Manchin and Senator Murkowski,” said Congresswoman Aumua Amata. “It’s a crucial tax extender for American Samoa that needs to be extended again. It primarily benefits the cannery but can be used for other businesses.  We need the credit to attract those other businesses besides tuna. The 30a extender is important for the Starkist cannery, which is at full employment of 2500, and supports an equal number or more of indirect jobs. House Ways and Means Chairman Smith is supportive of the credit, but we will need help in the Senate as usual.”

    CODEL enjoyed their time in American Samoa

    “It’s a delight to have these Senators and House colleagues see glimpses of American Samoa’s mountain and ocean beauty from the air and our airport,” she continued. “When I speak with senior Senators and Representatives in Washington, I find without fail that they are genuinely interested, and truly want to be helpful and supportive to American Samoa, and they also understand that we aren’t directly represented in the U.S. Senate. I know they enjoyed the tokens of appreciation that both I and Governor Lemanu Mauga were able to present so they’d have a memory of the people of American Samoa.”

    “I take every opportunity to raise key issues for American Samoa with relevant Members of Congress, especially when our issues are under the jurisdiction of their committees,” she concluded. “I appreciate Chairman Manchin’s effective leadership in the Senate, and I’ve traveled on a CODEL with my friend Senator Murkowski before, and she’s been a good friend of our islands while representing Alaska.”

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    MIL OSI USA News

  • MIL-OSI Canada: International Counter Ransomware Initiative 2024 Joint Statement

    Source: Government of Canada News

    Today, Canada met with 67 other members of the International Counter Ransomware Initiative (CRI) in Washington D.C for the fourth annual CRI Summit to improve international cooperation in combatting ransomware.

    The 68 members of the International Counter Ransomware Initiative (CRI)—Albania, Argentina,  Australia, Austria, Bahrain, Belgium, Brazil, Bulgaria, Cameroon, Canada, Chad, Colombia, Costa Rica, the Council of Europe, Croatia, the Czech Republic, Denmark, the Dominican Republic, the ECOWAS Commission, Egypt, Estonia, the European Union, Finland, France, Germany, Greece, the Global Forum on Cyber Expertise, Hungary, India, INTERPOL, Ireland, Israel, Italy, Japan, Jordan, Kenya, Lithuania, Mexico, Morocco, the Netherlands, New Zealand, Nigeria, Norway, the Organization of American States, Papua New Guinea, the Philippines, Poland, Portugal, the Republic of Korea, the Republic of Moldova, Romania, Rwanda, Sierra Leone, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Ukraine, the United Arab Emirates, the United Kingdom, the United States, Uruguay, Vanuatu, and Vietnam—met in Washington, D.C. from September 30 – October 3, 2024 for the Fourth CRI Gathering. Previously participating members welcomed Argentina, Bahrain, Cameroon, Chad, the Council of Europe, Denmark, the ECOWAS Commission, Finland, the Global Forum on Cyber Expertise, Hungary, Morocco, the Organization of American States, the Philippines, the Republic of Moldova, Slovenia, Sri Lanka, Vanuatu, and Vietnam as new CRI members.

    During the Fourth CRI Gathering, members reaffirmed our joint commitment to develop collective resilience to ransomware, support members if they are faced with a ransomware attack, pursue the actors responsible for ransomware attacks and not allow safe haven for these actors to operate within our jurisdictions, counter the use of virtual assets as part of the ransomware business model, partner with the private sector to advise and support CRI members, and forge international partnerships so we are collectively better equipped to counter the scourge of ransomware.

    Over the past year, this coalition has grown and continues to build upon the commitments made at the Third CRI Gathering in 2023. The United States launched a new fund for CRI members to strengthen members’ cybersecurity capabilities through both rapid assistance in the wake of a cyber attack, as well as targeted support to improve cybersecurity skills, policies, and response procedures.

    The Policy Pillar, led by Singapore and the United Kingdom, spearheaded efforts to build resilience against ransomware attacks and leverage the ecosystem to disrupt the ransomware criminal industry. These efforts seek to undercut the business model that underpins the ransomware ecosystem by driving forward work on secure software and labeling, methods to counter the use of virtual assets as part of the ransomware business model, policies to reduce ransom payments, increase and improve reporting, cyber insurance, and a playbook to guide businesses on how to prepare for, deal with, and recover from a ransomware attack. Of note, CRI members and insurance bodies have endorsed guidance to help organizations experiencing a ransomware attack. The guidance underscores the important role cyber insurance can play in helping to build resilience to cyber attacks and highlights actions organizations should explore during an incident. In addition, the Pillar held a table-top-exercise to assist members in identifying gaps in their processes, learning best practices and supporting members develop effective responses to ransomware attacks on the healthcare sector.

    The Diplomacy and Capacity Building Pillar, led by Germany and Nigeria, expanded the CRI’s partnerships with the addition of 18 new members to the coalition and mapped out the capacity building assets and needs of members. To foster collaboration, forge new partnerships, and recruit new members into the Initiative, CRI members hosted regional events throughout the year.

    Under the leadership of Australia and Lithuania, the ICRTF focused its work on building resilience against malicious cyber attacks through international cooperation. Lithuania and Australia, as ICRTF co-chairs, worked to develop governance for information sharing and increase onboarding of members to the information sharing platforms led by Lithuania and Belgium as well as Israel and UAE. These platforms will allow members to easily share threat information and indicators of compromise. In a project led by INTERPOL and Australia, a comparative report was produced analyzing Ransomware Interventions and Remediation in CRI members’ jurisdictions. Australia launched a website and member portal so CRI members can easily share information and best practices, foster collaboration, and use as a mechanism to request assistance from the CRI community when experiencing a ransomware attack. The ICRTF co-chairs presented a statement for members to join that calls for responsible behavior in cyberspace and encourages members to hold malicious actors accountable and deny them safe haven using all of the cyber diplomacy and law enforcement tools at their disposal.

    Canada established a new Public-Private Sector Advisory Panel to advise and support CRI members in combating ransomware. This advisory panel will catalyze effective information sharing, build trust through clear expectations and person to person collaboration, and develop best practices to navigate practical hurdles.

    The Initiative also hosted its first-ever event dedicated to examining the use of AI to counter ransomware attacks. Topics of discussion included the use of AI to track threat actor use, AI for Software Security, scenario planning around ransomware attacks on the healthcare industry, and tools such as watermarking to counter disinformation.

    Through the Initiative’s annual gathering as well as the dedicated work and regional meetings occurring between each meeting, we commit to working together at both a policy and operational level to counter ransomware threats and hold perpetrators of these malicious attacks accountable. CRI continues to call for responsible behavior in cyberspace and encourage members to call out malicious acts, and we remain committed to using all appropriate tools to achieve these goals, and are jointly committed to the following actions in support of this mission.

    MIL OSI Canada News

  • MIL-OSI United Kingdom: Apprentice Store Are On The Move

    Source: Scotland – Highland Council

    Managing Director David Massie pictured with Hagen Wagner, Highland Opportunity (Investments) Limited Investment Manager

    Highland Opportunity (Investments) Limited (HOIL) has recently provided The Apprentice Store Ltd with funding towards their ambitious business development. HOIL, The Highland Council’s business loan company, supports Highland based businesses and encourages applications from all business sectors, including community organisations. Interested businesses benefit from straightforward loan conditions and a tailored offer to support their project.  HOIL has financially supported more than 1,200 local start-up businesses, community organisations and growth projects within the Highland Business community since it was established in 1986.

    The Apprentice Store approached HO(IL) for a working capital loan of £25,000 to help achieve their growth aspirations.  Currently based in the Impact Hub in Castle Street, they are about to relocate to larger premises in Academy Street, where they will be the flag ship tenant of an innovative, vibrant and friendly co-working space in the centre of Inverness.

    The Apprentice Store was founded in 2016 and have a unique setup, whereby they support employment of young people and inclusivity on an apprenticeship basis, led by a number of mentors. To date, the company has trained and employed more than 23 young people. The business understands how important computer systems are in a modern business. From their Scottish base in Inverness they offer a range of quality remote IT services for small and medium sized businesses throughout the United Kingdom and Europe. 

    Councillor Paul Oldham, Chair of HOIL said: “The Apprentice Store’s way of working, that encourages young people to work in IT while staying in the Highlands rather than feeling they have to move away, has got to be good news for the Highland economy.

     “HOIL’s accessible and affordable business finance helps promote business across the area. It’s an important part of the Council’s aim to keep business vibrant and growing in the Highlands.”

    David Massie, Managing Director of the Apprentice Store Limited said: “The Apprentice Store approached HOIL to secure some funding and found the application process quick and easy to complete. This funding will help our social purpose of creating sustainable employment to young people who have challenges of entering the workforce. Our clients from across the UK in the public, private and sectors help support continuous employment by outsourcing their IT services to The Apprentice Store. Our team return on our client’s commitment by offering quality IT support and development services as they care about the opportunity offered to them by The Apprentice Store and its clients.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Partners launch revised timetable to improve reliability and connectivity of Wick John O’Groats Airport flights

    Source: Scotland – Highland Council

    The Highland Council and Eastern Airways have agreed a number of changes to scheduled flight times on the Wick-Aberdeen air route.

    The changes have been carefully considered to reduce cancellations and restore public trust. All partners have reiterated their commitment to protecting the service and retaining flights six days a week.

    Highland Council and Eastern Airways met last week and agreed the following key measures:

    Measure

    Rationale

    Protect Wick/Aberdeen as a 6-day service

    Essential for business connectivity and wider economy

    Reduce from twice-daily to daily flights on Tuesday, Wednesday and Thursday

    Very low demand for morning midweek service. Consolidated flight improves aircraft availability, reduces impact of winter weather, eases staffing pressures, provides a more sustainable service

    Earlier departure times on afternoon/evening flights

    Reduces chance of adverse weather disruption in winter. Improves onward connectivity with Manchester, Humberside, Birmingham and London

    Retain Sunday service unchanged

    Strong demand for Sunday flight

    No price changes until March 2025

    Maintain value for money and work to restore passenger confidence

    Guaranteed offer of refund or taxi transfer in cases of cancellation

    Reassures passengers concerned about travel in adverse weather

    The new timetable will come into effect on Monday 14 October, and operate throughout the winter until March 2025.

    These changes are designed to protect the future sustainability of the service, which is funded by Transport Scotland and the Highland Council as a public service obligation (PSO). PSO status is awarded to services that provide ‘lifeline’ connectivity but would not be viable to operate on a commercial basis. The Wick-Aberdeen route is regarded as crucial to the north Highland economy and the wider community. It provides better access to employment, leisure, healthcare and social opportunities whilst making it easier to do business across Scotland and the rest of the UK.

    The Wick-Aberdeen route has enjoyed considerable early success, with passenger growth of 25% in the second year and monthly passenger numbers often exceeding one thousand. However, over the past 12 months, overall reliability fell from upwards of 90% to an average of 85%, while September 2024 dipped to 79%. This reflects a number of cancellations caused by operational issues or adverse weather.

    Partners believe the new timetable will deliver meaningful service improvements in the months ahead.

    Roger Hage, Eastern Airways, said: “We are acutely conscious that recent service levels have fallen short of the standards our passengers expect. We have listened to passenger feedback and on discussion with partners we have decided to make some changes which we believe will deliver improvements in the Wick-Aberdeen service. We hope to restore confidence in the service and welcome an increased focus on onward connectivity to allow easier use of Aberdeen through the more challenging winter months.”

    Malcolm MacLeod, Assistant Chief Executive (Place) of the Highland Council said: “In light of recent issues with the service, all stakeholders got around the table and had a deep and constructive conversation about improving service standards. We believe that these changes are the right move to create a more reliable and sustainable service, and we are confident from our discussion with Eastern Airways that the changes will bring immediate improvements.

    “We view the Wick-Aberdeen flights as a lifeline service to the north Highlands and we all remain absolutely committed to making a go of it. We would ask passengers and the wider community to support the service as we deliver these improvements.”

    Stakeholders will continue to regularly review service performance and work together to deliver positive progress in the months ahead.

    Full details of the new timetable can be found online   or by visiting easternairways.co.uk

    MIL OSI United Kingdom

  • MIL-OSI USA: Steel Introduces Legislation to End Port Strike

    Source: United States House of Representatives – Representative Michelle Steel (CA-48)

    WASHINGTON, D.C. – Rep. Michelle Steel has filed legislation that would effectively end strikes at U.S. East and Gulf Coast ports by requiring mediation efforts to be exhausted before port workers can undertake a labor strike. Such processes currently govern labor disputes for rail workers and airlines workers under the Railroad Labor Act.

    The Safeguarding The Supply Chain Act would prevent economic harm to American supply chains by creating the conditions for a resolution to recent port strikes. Such conditions include negotiations before the National Mediation Board and potential action by Congress to approve a new labor agreement.

    Ports are critical to U.S. infrastructure and trade and should be governed in the same manner as the railroad and airline industries, reflecting their essential role in the supply chain.

    “Widespread strikes at American ports threaten product shortages and price increases for consumers. Congress must act to protect our economy and get our supply chains moving again – especially when many Americans continue to feel the negative effects of inflation,” said Rep. Steel. “My bill would force both sides back to the negotiating table for a resolution and get our economy moving again.”

    ###

    MIL OSI USA News

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) declares its monthly distribution for October 2024 of $0.1025 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

    The specific tax characteristics of this distribution can be found on our website http://www.pennantpark.com.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network

  • MIL-OSI: QCR Holdings, Inc. to Report Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MOLINE, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCRH” or the “Company”) announced today that its third quarter ended September 30, 2024 financial results will be released after the market closes on Wednesday, October 23, 2024. The Company will host a conference call and webcast the next day, Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss the results. Shareholders, analysts, and other interested parties are invited to join.

    Teleconference: 

    Dial-in information for the call is 888-346-9286 (international 412-317-5253). Participants should request to join the QCR Holdings, Inc. call. The event will be archived and available for replay through October 31, 2024. The replay access information is 877-344-7529 (international 412-317-0088); access code 4892655.

    Webcast: 

    A webcast of the teleconference can be accessed at the Company’s News and Events page at http://www.qcrh.com. An archived version of the webcast will be available at the same location shortly after the live event has ended.

    About QCR Holdings, Inc.

    QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of June 30, 2024, the Company had $8.9 billion in assets, $6.9 billion in loans and $6.8 billion in deposits. For additional information, please visit the Company’s website at http://www.qcrh.com.

    Contacts:

    Todd A. Gipple                                        
    President                                        
    Chief Financial Officer                                
    (309) 743-7745                                        
    tgipple@qcrh.com                                

    The MIL Network

  • MIL-OSI: PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) declares its monthly distribution for October 2024 of $0.08 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network

  • MIL-OSI: Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has entered into an agreement for Apollo affiliates and other long term investors to provide c. €1 billion to acquire a minority stake in one of Vonovia’s affiliates. This commitment follows two previous €1 billion transactions between Vonovia and Apollo in 2023, related to Vonovia’s real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to €3 billion.

    Apollo Partner Jamshid Ehsani said, “Apollo is very pleased to further expand our partnership with Vonovia and assist Germany’s largest residential real estate company in reaching its strategic objectives. It is yet another example of Apollo’s ability to commit its capital resources and provide bespoke, scaled solutions to our closest corporate relationships around the world. This investment marks our third transaction with Vonovia and underscores Apollo’s role as an ongoing trusted partner to some of the largest global corporations.”

    Since 2020, under its High Grade Capital Solutions strategy Apollo has originated nearly $100 billion of bespoke capital solutions for leading companies such as Intel, Sony, Air France, AB InBev and more. Apollo believes it is uniquely positioned to serve the needs of large high quality corporates and retirement services companies, given the firm’s structuring, investment and syndication capabilities and scaled capital base.

    Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to Apollo, while Apollo Capital Solution is providing structuring and syndication services in connection with the transaction. Deutsche Bank is acting as exclusive financial advisor to Vonovia, and Freshfields Bruckhaus Deringer is serving as legal counsel to Vonovia.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit http://www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network

  • MIL-OSI: MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended September 30, 2024, prior to the opening of the Nasdaq Global Select Market on Thursday, November 7, 2024.

    The Company will also host a conference call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-4136 approximately 5-10 minutes prior to the call; international callers should dial (203) 518-9843. Participants should reference either MidCap Financial Investment Corporation Earnings or Conference ID: MFIC1107 when prompted. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com. Following the call, you may access a replay of the event either telephonically or via audio webcast. The telephonic replay will be available approximately two hours after the live call and through November 28, 2024, by dialing (800) 839-6911; international callers should dial (402) 220-6059. A replay of the audio webcast will also be available later that same day. To access the audio webcast please visit the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com.

    About MidCap Financial Investment Corporation

    MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). For tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager. The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may invest in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies. For more information, please visit http://www.midcapfinancialic.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including, but not limited to, statements as to our future operating results; our business prospects and the prospects of our portfolio companies; the impact of investments that we expect to make; our contractual arrangements and relationships with third parties; the dependence of our future success on the general economy and its impact on the industries in which we invest; the ability of our portfolio companies to achieve their objectives; our expected financings and investments; the adequacy of our cash resources and working capital; and the timing of cash flows, if any, from the operations of our portfolio companies.

    We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; new strategic initiatives; the ability to reposition the investment portfolio; the market outlook; future investment activity; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law.

    Contact

    Elizabeth Besen
    Investor Relations Manager
    MidCap Financial Investment Corporation
    (212) 822-0625
    ebesen@apollo.com

    The MIL Network

  • MIL-OSI: Mulvihill Premium Yield Fund Declares Monthly Fund Distribution for Its ETF Class

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: MPY) Mulvihill Premium Yield Fund has declared a monthly cash distribution for its ETF Class in the amount of $0.05417 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO       Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
         

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network

  • MIL-OSI: Premium Income Corporation Announces Quarterly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PIC.A; PIC.PR.A) Premium Income Corporation has declared quarterly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PIC.A $0.20319
    Preferred Shares PIC.PR.A $0.215625
         

    To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com

       
    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network

  • MIL-OSI: Mulvihill U.S. Health Care Enhanced Yield ETF Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: XLVE) Mulvihill U.S. Health Care Enhanced Yield ETF has declared a monthly cash distribution in the amount of $0.058333 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior VP & CFO Mulvihill Capital Management Inc.
      121 King Street West
      Suite 2600
      Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs.

    The MIL Network

  • MIL-OSI: Premium Global Income Split Corp. Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PGIC; PGIC.PR.A) Premium Global Income Split Corp. has declared monthly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PGIC $0.08000
    Preferred Shares PGIC.PR.A $0.06250
         

    To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West Suite 2600
    Toronto, Ontario M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network

  • MIL-OSI: Business First Bancshares, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    BATON ROUGE, La., Oct. 02, 2024 (GLOBE NEWSWIRE) — Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, announced that it is scheduled to release third quarter 2024 earnings after market close on Thursday, Oct. 24, 2024. Executive management will host a conference call and webcast to discuss results on the same day (Thursday, Oct. 24, 2024) at 4:00 p.m. CDT.

    Interested parties may attend the call by dialing toll-free 1-800-715-9871 (North America only), conference ID 5274174, or asking for the Business First Bancshares, Inc. conference call.

    The live webcast can be found at https://edge.media-server.com/mmc/p/a2ui6eo8. On the day of the presentation, the corresponding slide presentation will be available to view on the b1BANK website at https://www.b1bank.com/shareholder-info.

    About Business First Bancshares, Inc.

    As of June 30, 2024, Business First Bancshares, Inc., (Nasdaq: BFST) through its banking subsidiary b1BANK, had approximately $7.6 billion in assets, $6.1 billion in assets under management through b1BANK’s affiliate Smith Shellnut Wilson, LLC (SSW) (excludes $0.9 billion of b1BANK assets managed by SSW) and operates Banking Centers and Loan Production Offices in markets across Louisiana and the Dallas and Houston, Texas areas, providing commercial and personal banking products and services. Commercial banking services include commercial loans and letters of credit, working capital lines and equipment financing, and treasury management services. b1BANK was awarded #1 Best-In-State Bank, Louisiana, by Forbes and Statista, and is a multiyear winner of American Banker’s “Best Banks to Work For.” Visit b1BANK.com for more information.

    Misty Albrecht
    b1BANK
    225.286.7879
    Misty.Albrecht@b1BANK.com

    The MIL Network

  • MIL-OSI: Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) — Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024.

    To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

    https://register.vevent.com/register/BI4cb3a3db88084e66ad528ebb2bdb81e4

    The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

    https://edge.media-server.com/mmc/p/mov2xb4k

    About Precision

    Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

    Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

    Additional Information

    For more information about Precision, please visit our website at http://www.precisiondrilling.com or contact:

    Lavonne Zdunich, CPA, CA
    Vice President, Investor Relations
    403.716.4500

    800, 525 – 8th Avenue S.W.
    Calgary, Alberta, Canada T2P 1G1
    Website: http://www.precisiondrilling.com

    The MIL Network

  • MIL-OSI USA: Over 1,000 Acres Returned to Onondaga Nation

    Source: US State of New York

    Governor Kathy Hochul, U.S. Fish and Wildlife Service Director Martha Williams, Onondaga Nation Tadodaho Sidney Hill and New York State Attorney General Letitia James today announced the finalized return of more than 1,000 acres of ancestral homelands in Central New York’s Tully Valley to the Onondaga Nation. The completed title transfer of open space to an Indigenous Nation is one of the largest of its kind by any state and fulfills a critical part of the Onondaga Lake Natural Resource Damage Assessment and Restoration Program settlement with parties including Honeywell International Inc.

    “Onondaga Creek’s headwaters hold profound significance for the Onondaga Nation, and I am thrilled New York State and the U.S. Department of the Interior succeeded in taking an innovative path to address damages from legacy contamination and return a beautiful ecological resource to the Nation’s stewardship,” Governor Hochul said. “Establishing this preserve is a remarkable collaboration to restore access to ancestral lands and waters and serves as a historic milestone in New York State’s ongoing recognition of the cultural and environmental heritage of Indigenous Peoples.”

    U.S. Fish and Wildlife Service Director Martha Williams said, “Today, we recognize the Onondaga Nation as the rightful caretakers of their homelands. We look forward to continuing our government-to-government relationship with the Nation as they work to heal and preserve these lands and waters for future generations.”

    Onondaga Tadodaho Sid Hill said, “The headwaters of Onondaga Creek in the Tully Valley are part of the system of waterways leading into Onondaga Lake that have sustained our Nation for millennia, and we are grateful that the Department of the Interior and New York State have worked with us to return to our stewardship the first 1,000 acres of the 2.5 million acres of treaty-guaranteed land taken from us over the centuries. This is a small but important step for us, and for the Indigenous land back movement across the United States.”

    New York Attorney General Letitia James said, “Today is a historic day for New York and for the Onondaga Nation. For too long, Indigenous communities have been forced from their ancestral homelands, and I am proud that we can begin to right some of those wrongs by returning this resource-rich land to its rightful caretakers. Thank you to Governor Hochul, the U.S. Department of the Interior, U.S. Fish and Wildlife Service, and DEC for their partnership in shepherding the return of this land to the Onondaga Nation.”

    The U.S. Fish and Wildlife Service (USFWS) and New York State Department of Environmental Conservation (DEC), serving as the Natural Resource Trustee agencies for the settlement, signed a resolution in 2022 related to the Onondaga Lake Superfund site. The resolution directed Honeywell to transfer the title to more than 1,000 acres of open space in Central New York’s Tully Valley to the Onondaga Nation to restore and steward the property.

    The Onondaga Nation has accepted and holds fee title to a 758.1-acre South Forest Nature Preserve and a 264.9-acre North Forest Nature Preserve in the Tully Valley that include the headwaters of Onondaga Creek, more than 45 acres of wetland and floodplains, and approximately 980 acres of forest and successional fields. The cold waters of Onondaga Creek support a small population of brook trout, a population that may be fully restored with proper stewardship. The wetlands, floodplains, forests, and fields are home to wildlife such as great blue heron, songbirds, waterfowl, hawks, bald eagles, frogs, bats, and other mammals including white-tailed deer.

    The Nation will protect, restore, heal, and caretake the property in accordance with Indigenous Knowledge; Onondaga cultural, spiritual, and educational practices; and science.

    State Department of Environmental Conservation Interim Commissioner Sean Mahar said, “The degradation of the Onondaga Nation’s lands and waters by a legacy of industrial contamination can never be fully repaired, but today’s historic announcement celebrates a key milestone in the journey to reconnect culturally, spiritually, and ecologically significant lands to the healing, caretaking, and permanent stewardship of Onondaga People. Guided by Governor Hochul’s leadership, DEC worked closely with the Onondaga Nation, the U.S. Department of the Interior, U.S. Fish and Wildlife Service, and the Office of Attorney General James, and thanks these partners and the many other stakeholders who sought to return these Tully Valley parcels to the Onondaga Nation.”

    The funding and implementation of Natural Resource Damage Assessment and Restoration (NRDAR) projects by the Trustees is a result of the legal settlement with Honeywell following past releases of mercury and other hazardous substances to Onondaga Lake, its tributaries, and uplands that include Indigenous homelands that are deeply sacred to the Onondaga Nation. As part of the Onondaga Lake NRDAR process, U.S. Fish and Wildlife Service and DEC assessed contaminant-related injuries to natural resources such as waterfowl and turtles and quantified the lost use of natural resources to the public, such as fishing. The agencies then solicited restoration project ideas from a wide variety of stakeholders and the Onondaga Nation to identify the types and scale of restoration needed to compensate for those natural resource injuries, as well as projects that could help address cultural losses to the Nation and its citizens.

    Copies of the Restoration Plan for Onondaga Lake can be found on the USFWS website. For more information about the cleanup of Onondaga Lake, visit here.

    MIL OSI USA News

  • MIL-OSI USA: Addressing Escalation of Tensions in the Middle East

    Source: US State of New York

    Earlier today, Governor Kathy Hochul addressed public safety concerns following the recent escalation of tensions in The Middle East.

    VIDEO of the event is available on YouTube here and in TV quality (h.264, mp4) format here.

    AUDIO of the Governor’s remarks is available here.

    A rush transcript of the Governor’s remarks is available below:

    Before I take your questions today, I’d like to address an urgent public safety concern. As we all know, the Iranian regime launched a missile attack on Israeli civilians just yesterday evening. At the same time, a mass shooting occurred on the streets of Tel Aviv. The Israeli authorities classified this as a terror attack.

    And while I know those events are happening on the other side of the globe, here in New York, we are the largest Jewish population outside of Israel, and one of the largest Muslim and Arab populations in America. And so, these global events have a unique residence here with us. As Governor, my number one priority is public safety, and we have spent months preparing for this time of the year. We knew tensions would be high, particularly as we deal with the High Holy holidays, as well as the advent of the one year anniversary of October 7.

    So earlier this year, knowing these dates were coming, I directed my administration to start preparing to enhance our security; heightening our surveillance, making sure we have a visible presence, and yesterday afternoon, I asked for and received a confidential intelligence briefing with the Mayor of New York City with his head of counterintelligence as well, making sure that our teams are closely aligned and working together.

    We heard from representatives from NYPD and our State Division of Homeland Security and other law enforcement leaders. The most important takeaway from yesterday’s conversation and further briefings today is that there are no known threats to New Yorkers at this time. Again, there’s no known threats. I also conveyed this at a gathering of Jewish leaders to let them know that there are no known threats, but to make sure that the relationships are strong so they know we are there to be of assistance preemptively, and be there if anything should occur.

    We have to be prepared for every single scenario. And for that reason, I have directed our State Police Superintendent James to increase State Police patrols at at-risk areas: synagogues, yeshivas, community centers, mosques. You’ll also see increased law enforcement presence at all critical infrastructure hubs, including major transit centers.

    And now, we’re working closely to make sure that all populations are protected. We’re protecting not just — working with NYPD in New York City — but also we have to be aware of threats that could occur in Westchester, Long Island, and other populations outside of New York City. We’re also protecting the Muslim communities as well as the Jewish communities against hate crimes that could ensue.

    Just as we’ve seen a major spike in antisemitism this year, we’ve seen increased attacks on our Muslim neighbors as well. So, this includes enhanced monitoring of our social media and online sites, and recognizing that individuals can be radicalized by the toxic stew that is a slew of hate online, and we’ve seen the ill effects of that as well. Certainly, the individual that was radicalized online — a white supremacist. An 18-year-old white supremacist, who slaughtered 10 of my neighbors in Buffalo, would fit that category. And he was radicalized by the same online hate that led to the Tree of Life Synagogue shooting in Pittsburgh.

    So, with all this as a backdrop, we have increased our monitoring tools for social media, increased our State presence on the FBI Joint Terrorism Task Force, and right now we’re ensuring that we have all hands on deck to fight the rise in these crimes.

    The other aspect is parents worried about their students on college campuses, especially throughout the year in light of last spring, but also during the High Holy holidays. I want to be clear: every student in New York should be able to worship safely on their college campus. And before the semester even began, my teams have worked closely with campus leadership to ensure that they have safety and security plans that we have reviewed and signed off on. Yes, students have a first amendment right to protest, they also have a right to gather and celebrate the holidays without fear of harassment.

    So, as we also approach — not just the holidays and the holy days — as we approach October 7, I want to continue reminding New Yorkers we’re going to be vigilant, monitoring the situation. There will be many vigils, likely counter protests, and nothing is more important to me than keeping everyone safe, so we’re taking major steps at this time again, courting any other law enforcement individuals and community organizations to ensure their safety during this difficult time.

    MIL OSI USA News

  • MIL-OSI USA: Federal Award Empowers Semiconductor Supply Chain

    Source: US State of New York

    Governor Kathy Hochul today celebrated a federal award from the U.S. Department of the Treasury for the Semiconductor Growth Access Program (SGAP), a new State-run initiative that will help existing Upstate businesses pivot or expand into New York’s booming semiconductor supply chain ecosystem. The U.S. Department of the Treasury awarded New York State $9.45 million, with a match of $1.5 million from Empire State Development (ESD), to implement the program through the Treasury’s Small Business Opportunity Program (SBOP) under the State Small Business Credit Initiative (SSBCI). SGAP will provide dedicated legal, financial, business planning and accounting technical assistance to targeted businesses to help them plan for growth and access capital to facilitate necessary upgrades and expansions. The program will cover the I-90 corridor from Western New York to the Capital Region and will be administered by ESD in partnership with Mohawk Valley Economic Development Growth Enterprises Corporation (EDGE), the Capital Region Center for Economic Growth (CEG), and the NY SMART-I Corridor Tech Hub. To date, SSBCI has been awarded to states on a formula basis, and this is the first time the federal government has made the process competitive.

    “New York has become a global leader in high-tech manufacturing – and we’re just getting started,” Governor Hochul said. “This $9.4 million investment from the State Small Business Credit Initiative will be critical as we work to connect underserved and very small businesses with the resources they need to succeed. Working with the Biden-Harris Administration, we’re creating even more jobs and opportunities for all New Yorkers.”

    U.S. Deputy Secretary of the Treasury Wally Adeyemo said, “The Biden-Harris Administration’s economic agenda is driving historic investments, creating new opportunities for small businesses to grow and hire. With this funding, New York will help entrepreneurs across the state access capital and scale their operations in these critical industries that are key to strengthening our supply chains and national security.”

    SGAP will deliver high-quality, tailored support to strengthen the regional semiconductor and microelectronics manufacturing supply chain, while empowering diverse New York businesses to access lucrative opportunities in upstate New York’s booming semiconductor ecosystem through technical assistance programs that provide legal, accounting, and financial services. The program builds on state, federal, local, and private sector programs and resources to build a more inclusive Upstate semiconductor manufacturing ecosystem.

    The program will bring together three key partners spanning New York’s I-90 corridor to deliver critical assistance to local small or disadvantaged businesses in underserved communities that can support successful implementation of CHIPS and Science Act investments – the NY SMART I-Corridor Tech Hub, Mohawk Valley EDGE and CEG. SGAP builds on the Supply Chain Activation Network (SCAN), a core component of the federally designated NY SMART I-Corridor Tech Hub aimed at supporting local firms to enter the rapidly expanding semiconductor and microelectronics market.

    With over $112 billion in new capital investments announced, New York State is leading the nation in new semiconductor investments. The main drivers of this growth, Micron in Central New York and GlobalFoundries in the Capital Region, will spend billions in operating expenses and have pledged to achieve significant supplier diversity goals. These investments represent a once-in-a-generation opportunity to lift up New Yorkers from communities that have historically been left out of economic growth. SGAP will empower Very Small Businesses (VSBs) and underserved businesses to seize this unique opportunity and grow or pivot into New York’s chip industry, ensuring a shared prosperity in Upstate New York.

    Governor Hochul’s Commitment to Growing New York’s Semiconductor Industry
    Governor Hochul has maintained a strong commitment to building a modern economy in New York State by growing a dynamic and innovative semiconductor industry. In 2022, the Governor signed New York’s historic Green CHIPS legislation to make New York a hub for semiconductor manufacturing, creating 21st century jobs and kick-starting economic growth while maintaining important environmental protections. As part of the FY24 Enacted Budget, Governor Hochul secured a $45 million investment to create the Governor’s Office of Semiconductor Expansion, Management, and Integration (GO-SEMI), which leads statewide efforts to develop the chipmaking sector. In December 2023, Governor Hochul announced a $10 billion public-private partnership – including $9 billion in private investment from IBM, Micron, Applied Materials, Tokyo Electron and other semiconductor leaders – to bring the future of advanced semiconductor research to New York’s Capital region by creating the nation’s first and only industry accessible, High NA EUV Lithography Center at the Albany NanoTech Complex. All of these efforts are positioning New York as an innovation leader ready to support one of three National Semiconductor Technology Center facilities that will be established under the U.S. CHIPS & Science Act.

    New York is home to a robust semiconductor industry which supports more than 150 semiconductor and supply chain companies that employ over 34,000 New Yorkers. Thanks to Governor Hochul’s efforts, the industry is continuing to grow with major investments from semiconductor businesses and supply chain companies like Micron, GlobalFoundries, AMD, Edwards Vacuum, MenloMicro and TTM Technologies to expand their presence in New York. In fact, in the last two years, chip companies have announced over $112 billion in planned capital investments in New York – more than any other state – and one in four U.S. made chips will be produced within 350 miles of Upstate New York. No other region in the country will account for a greater share of domestic production.

    Semiconductors are vital to the nation’s economic strength, serving as the brains of modern electronics, and enabling technologies critical to U.S. economic growth, national security, and global competitiveness. The industry directly employs over 300,000 people in the U.S. and supports more than 1.8 million additional domestic jobs. Semiconductors are a top five U.S. export, and the industry is the number one contributor to labor productivity, supporting improvements to the effectiveness and efficiency of virtually every economic sector – from farming to manufacturing.

    Empire State Development President, CEO and Commissioner Hope Knight said, “Under Governor Hochul, New York is leading the nation in new semiconductor industry investment, and now, with additional federal support, we are poised to further scale up the state’s broader billion-dollar advanced manufacturing ecosystem. US Treasury’s award enables ESD to expand the economic opportunities created by Upstate’s booming semiconductor sector to small businesses in underserved communities through our innovative Semiconductor Growth Access Program, which offers critical capital access and technical assistance so entrepreneurs can focus on the important work growing their businesses and creating jobs.”

    Senate Majority Leader Chuck Schumer said, “This major $9.4 million in federal funding will help provide critical technical assistance to small businesses across Upstate NY who want to grow in the semiconductor industry but can’t do it alone. This is how we maximize the benefit of companies like Micron, GlobalFoundries, and Wolfspeed’s expansions in Upstate NY, helping existing businesses grow and adapt to lead in the next frontier of technology. This will help boost efforts along the I-90 Tech Hub I secured and help Upstate NY build a robust supply chain from Buffalo to Utica to Albany that further positions Upstate NY as a global center for chip manufacturing. I fought to secure historic funding for the State Small Business Credit Initiative in the American Rescue Plan and urged Secretary Yellen to prioritize funding for supply chain development, including in the semiconductor industry, because I know that support for small businesses is critical to our efforts to bringing manufacturing back home to America. Today’s federal investment further supercharges Upstate NY’s growing semiconductor superhighway!”

    Senator Kirsten Gillibrand said, “This federal award will be transformative for small and underserved businesses across New York. It will strengthen our economy and cement New York’s reputation as a global leader in semiconductor manufacturing and innovation. I’m proud to have fought to pass the American Rescue Plan that provided the funds to make this grant possible, and I’ll continue working for federal investments that support small businesses, create good jobs, and develop our workforce.”

    State Senate Majority Leader Andrea Stewart-Cousins said, “This federal award reflects New York’s leading role in the growing national semiconductor industry. This $9.45 investment will be a boost to New York’s local small businesses as it will help entrepreneurs in underserved communities access opportunities to grow within the semiconductor supply chain. This award is recognition of our robust efforts to ensure that the Empire State remains at the forefront of technological innovation. I want to thank Governor Kathy Hochul for her leadership in fostering entrepreneurship and technological advancement across the State.”

    Assembly Speaker Carl Heastie said, “This award helps to secure New York’s position as the domestic epicenter of semiconductor manufacturing. But as we build New York’s future, we must ensure that the impact of this investment spreads across all our communities. By expanding manufacturing and technical program access to small businesses, we’re ensuring that everyone has the opportunity to benefit from the continued growth of the industry.”

    About State Small Business Credit Initiative

    More than $500 million in federal funding has been allocated to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), a program through the American Rescue Plan Act. Managed by the U.S. Department of Treasury, SSBCI provides funds to support programs for small businesses, including underserved businesses and very small businesses (VSB), to recover from the economic effects of COVID-19 and allow them the opportunity to succeed in the post-pandemic economy. With this funding, Empire State Development (ESD) has developed a suite of capital access and equity programs to help New York State small businesses grow and succeed. Learn about the SSBCI programs that Empire State Development has established.

    About Empire State Development

    Empire State Development is New York’s chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state’s 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state’s world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook and X.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: New Jersey Department of Military and Veterans Affairs Welcomes Additional Oversight with Consent Decree for Veterans Homes

    Source: US State of New Jersey

    TRENTON  The U.S. Department of Justice and the State of New Jersey today jointly filed a consent decree in the United States District Court, District of New Jersey. As part of this agreement, a third-party federal monitor will be appointed to the Veterans Memorial Homes at Menlo Park and Paramus, two long-term care facilities operated by the New Jersey Department of Military and Veterans Affairs.

    “We welcome this additional input and oversight. We’re committed to making sure our veterans have the best possible care and quality of life at all three of our Veterans Homes,” said Governor Phil Murphy. “With this consent decree, we can resolve past differences with the Department of Justice and focus our efforts on providing the best possible care to our Veterans Homes residents. I’m proud of the progress we have made and remain determined to not only meet federal standards but to exceed them.”

    “This agreement between the State of New Jersey and the U.S. Department of Justice is the result of months of constructive conversations on how best to care for the Veterans, Veteran Spouses, and Gold Star Families who call our facilities home,” said Col. Yvonne Mays, the Acting Commissioner of Military and Veterans Affairs. “The veterans homes at Menlo Park and Paramus have made significant progress confirmed by repeated, independent inspections conducted by the New Jersey Department of Health and the U.S. Department of Veterans Affairs. We look forward to continuing our important work and we welcome this partnership with a federal monitor.”

    The New Jersey Veterans Memorial Homes at Menlo Park and Paramus achieved zero deficiencies in two separate no-notice focused infection control surveys conducted by the New Jersey Department of Health on behalf of the U.S. Centers for Medicare and Medicaid Services. The surveys occurred on Sept. 5, 2024 and Sept. 10, 2024. The Veterans Memorial Home at Vineland also achieved zero deficiencies in a no-notice focused infection control survey on June 8, 2024.

    These no-notice focused infection control surveys consisted of inspections that assessed the homes’ procedures related to infection control regulations, including staff handwashing, donning and doffing of personal protective equipment, and continuing education records. Additionally, inspectors reviewed kitchen and sanitizing operations, contact tracing, cohorting, isolation, and quarantine protocols.

    Menlo Park also received no clinical deficiencies in two no-notice facility wide surveys conducted by the New Jersey Department of Health from July 8-16, 2024 and July 16- 19, 2024. These separate surveys were comprehensive and encompassed everything from the home’s infection control and clinical care, to kitchen operations, human resources, emergency management, and housekeeping.

    These on-the-ground achievements follow a series of reforms signed into law by Governor Murphy in 2021. In late 2022, the Governor also engaged consulting and management support services from long-term care subject matter experts to accelerate positive change. These reforms led to systemic changes implemented at all three homes, including the onboarding of full-time resident advocates, new electronic medical records systems, a learning management system that has enabled thousands of hours of training and continuing education for direct care and non-direct care staff, and increased wages for frontline healthcare workers to attract and retain the best and most qualified individuals to care for residents.

    The Veterans Memorial Homes at Menlo Park, Paramus, and Vineland remain open for admissions to eligible applicants. For those interested in learning more, please visit the Veterans Memorial Homes’ website: https://www.nj.gov/military/veterans/memorial-homes/

    MIL OSI USA News

  • MIL-OSI USA: Governor Lamont Announces FEMA Opens Disaster Recovery Centers in Southbury and Wilton To Provide In-Person Assistance With Applying for Federal Aid From August Flooding

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont today announced that the Federal Emergency Management Agency (FEMA) has opened two Disaster Recovery Centers in Southbury and Wilton that are providing in-person assistance to homeowners, renters, businesses, and private nonprofits seeking to apply for federal disaster aid for damages incurred due to the severe flooding the western portion of Connecticut experienced on August 18, 2024.

    Located at Southbury Town Hall (501 Main Street South, Southbury) and Our Lady of Fatima Church (229 Danbury Road, Wilton), these Disaster Recovery Centers are open Mondays to Fridays from 8:00 a.m. to 6:00 p.m., Saturdays from 8:00 a.m. to 4:00 p.m., and Sundays from 10:00 a.m. to 2:00 p.m. Anyone who lives in any town impacted by the flooding from the August 18 storm can visit either of these centers to seek assistance with applying for aid.

    “In addition to being able to apply online and over the phone, these FEMA Disaster Recovery Centers are providing in-person support to homeowners, renters, businesses, and private nonprofits seeking federal disaster aid from the horrible flooding western Connecticut experienced in August,” Governor Lamont said. “It is strongly encouraged that anyone seeking assistance should apply as soon as possible to meet all federal deadlines.”

    The FEMA Disaster Recovery Centers are staffed by representatives who can provide program information, explain how to apply for federal disaster aid, answer questions, and also provide information about repairs and rebuilding to make homes more disaster resistant.

    The centers are accessible to people with disabilities and access and functional needs. The facilities are equipped with assistive technology equipment that allows disaster survivors to interact with staff. Services are provided in English and Spanish. Anyone needing a reasonable accommodation or a sign language interpreter to communicate with FEMA should call 1-833-285-7448 for assistance.

    It is not required to visit a FEMA Disaster Recovery Center to apply for federal disaster aid. Applications can also be completed online at http://www.DisasterAssistance.gov, by calling the FEMA Helpline at 1-800-621-3362, or by using the FEMA app.

    The opening of these FEMA Disaster Recovery Centers in Southbury and Wilton come in addition to the recent openings of two Business Recovery Centers located in Monroe and Oxford that are operated by the U.S. Small Business Administration (SBA) and providing similar in-person assistance to businesses and homeowners.

    This federal disaster aid is made possible by the major disaster declaration President Joe Biden approved last month for the FEMA Individual Assistance Program in Fairfield County, Litchfield County, and New Haven County.

     

    Locations in Connecticut to apply for federal disaster aid from August 18 storm

    There are now four locations in Connecticut that are providing individuals with in-person assistance in applying for federal disaster aid from the August 18 storm. They include:

    FEMA Disaster Recovery Centers

    Southbury: Southbury Town Hall (501 Main Street South, Southbury)
    Wilton: Our Lady of Fatima Church (229 Danbury Road, Wilton)

    Hours of operation:

    • Mondays to Fridays: 8:00 a.m. to 6:00 p.m.
    • Saturdays: 8:00 a.m. to 4:00 p.m.
    • Sundays: 10:00 a.m. to 2:00 p.m.

    SBA Business Recovery Centers

    Monroe: Monroe Police Department (7 Fan Hill Road, Monroe)
    Oxford: Oxford Town Hall (486 Oxford Road, Oxford)

    Hours of operation:

    • Mondays to Fridays: 8:00 a.m. to 6:00 p.m.
    • Saturdays: 10:00 a.m. to 2:00 p.m.
    • Sundays: Closed

     

     

    MIL OSI USA News

  • MIL-OSI USA: Research of Postdoctoral Fellows Celebrated at UConn Health

    Source: US State of Connecticut

    The 8th Annual Postdoc Research Day (PDRD) took place on September 19 at the Academic Rotunda, where researchers from UConn Health and The Jackson Laboratory for Genomic Medicine came together to share their research. This half-day event featured oral and poster presentations by the postdocs, as well as a keynote address.

    PDRD is an annual event to celebrate postdoc research. The event attracted 70 attendees, including faculty, staff, graduate students, and postdocs.

    “PDRD is an opportunity for the UConn Health and Jackson Lab communities to come together and learn about all the great research our postdocs are doing, while giving the postdocs a highly visible platform to introduce themselves to everyone,” said UConn Health Director of Postdoctoral Affairs Dr. Chris Heinen.

    The afternoon event began with a warm welcome from Dr. Heinen who highlighted the significant role of postdocs in building a strong and collaborative research community.

    Following this, nineteen postdocs presented research talks as part of the annual Speak4Science competition, each with four minutes and one slide to describe the significance of their research question. Three awards were given to the best research presentations: Drs. Anirudhya Lahiri, Moriah Turcotte, and Lisa Wren.

    Keynote Speaker Dr. Brian Coombes. (Photo provided by Sama Abdulmalik)

    “It’s exciting to hear about each other’s research,” shared Sama Abdulmalik, a member of the UConn Health and Jackson Laboratory PostDoctoral Association (UJPDA).

    Dr. Brian Coombes, a distinguished professor and chair in the Department of Biochemistry and Biomedical Sciences at McMaster University, Hamilton, Ontario, served as the event’s keynote speaker and was introduced by by UJPDA member Patience Shumba. Coombes’ research focuses on enteric bacteria associated with acute and chronic human diseases, including Crohn’s disease.

    The final event of the day was a reception that combined poster presentations and networking opportunities. Researchers showcased their latest findings, sparking informative discussions and conversations.

    Postdoc Research Day Organizing Committee. From the left, top:
    Drs. Alexander Calderon, Ying Tang, Anvar Sariev, Sama Abdulmalik, Patience Shumba, Chrysoula Argyrou & Chris Heinen (not shown: Zeynep Altunay).

    Special thanks to the PDRD’s organizing committee, Director of Postdoctoral Affairs, Chris HeinenSama Abdulmalik (UCH), Zeynep Altunay (UCH), Chrysoula Argyrou (UCH), Alexander Calderon (JAX), Anvar Sariev (UCH), Patience Shumba (UCH), Ying Tang (UCH), as well as Stephanie Holden (UCH) and Jane Tran Sills (UCH) and Sarah Wojiski (JAX), Dawn Traficante (JAX) and Rowena Grainger (JAX), who developed a successful event.

    Thanks to everyone who participated in making this research day a great success.

    Speak4Science Short Talk Awards included:

    • Anirudhya Lahiri, Department of Neuroscience, UConn Health
      Psychosine alters astrocyte secretome
    • Moriah Turcotte, Calhoun Cardiology Center, UConn Health
      β-adrenergic receptors in heart disease
    • Lisa Wren, The Jackson Laboratory for Genomic Medicine
      Base editing in dilated cardiomyopathy
    Keynote Speaker, Dr. Brian Coombes and Director of Postdoctoral Affairs, Dr. Chris Heinen.(Photo provided by Sama Abdulmalik)

    MIL OSI USA News