NewzIntel.com

Category: Commerce

  • MIL-OSI United Nations: Continuity planning empowers businesses to adapt, recover, and thrive

    Source: UNISDR Disaster Risk Reduction

    Businesses often struggle to recover from extreme weather events and natural hazards because they are not ready. 

    It has been estimated that 40% of small and medium-sized enterprises (SMEs) do not reopen after a disaster and many of those that do, fail within a year. Businesses need to rethink their operating models before disruptions happen. Yet building disaster resilience does not always have to require a resource intensive process or lead to something new.  It does not mean changing what a business does, but how it does it. This is where business continuity planning comes in.

    A business continuity plan (BCP) outlines what is needed for a business to continue operating or resume operations after a disruption. It serves as a guide for pivoting operations if and as needed. Yet according to some estimates, only 20-30% of SMEs have written BCPs in place.

    In partnership with local governments, chambers of commerce and ARISE networks, UNDRR is implementing a project in Barcelona (Spain), Bridgetown (Barbados) and Sendai (Japan) to support SMEs in developing and testing business continuity plans to strengthen their disaster resilience. Early lessons are already emerging. 

    Here are five noteworthy things about business continuity planning that further highlight its importance:

    Business continuity plans can separate those that recover from those that do not

    With the increasing frequency and intensity of disasters, preparation is no longer optional. It makes all the difference. In many parts of the world, the question is not whether but when the next extreme weather event or natural hazard will strike. What businesses do today will determine how they fare in the face of a disaster tomorrow. A systemic approach to developing a BCP – conducting even quick multi-hazard risk assessments, identifying critical functions, outlining response and communications protocols, assigning roles, and stress-testing the plan – outline a clear roadmap that enables faster, risk informed decision-making and more effective resource allocation. Those without BCPs will inevitably face more chaos, operational delays, and significant losses – many times leading to business closure. Businesses that are risk-aware, with tested and up-to-date BCPs, however, are able to absorb shocks better, pivot operations, recover faster and become more resilient.  

    Business continuity plans are cost-effective mitigation measures

    Business continuity plans are a quick, low-cost way to mitigate potentially high-impact disaster risks. They typically require low financial investment especially when compared against the potentially significant losses of being unprepared for disasters. This is particularly true for small and medium-sized enterprises (SMEs) that often do not have the resources – human or financial – for developing more holistic disaster risk reduction approaches or undertaking disaster recovery efforts.

    Business continuity plans are a mechanism to operationalize resilience

    While resilience encompasses more than just business continuity, a well prepared BCP provides the foundation for reducing organizational vulnerabilities, pivoting operations and building resilient recovery capabilities. They clarify roles and actions that are needed to continue operations or resume quickly after a disruption. While resilience may be the ultimate goal, business continuity planning represents the practical steps to achieve it.

    Business continuity plans can offer a strategic advantage during uncertainty

    Business continuity plans can significantly enhance a company’s competitiveness and safeguard long-term success during disruptions. Those that have BCPs – and have tested and updated them regularly – are in a better position to minimize downtime and continue or quickly resume their operations. They are better equipped to protect their physical assets and data, while also retaining customers as well as contributing to the resilience of the communities where they operate. The operational flexibility – agility and ability to adapt to changing circumstances – can even help in capturing more market share.

    Business continuity plans can improve financial reserves

    Limited access to finance and no or inadequate insurance coverage are often cited among the key reasons why SMEs do not recover from disasters. Partners want to ensure that their supply chains and services are not disrupted, investors and lenders are keen to protect their capital, and insurers want to minimize payouts. A robust BCP can help improve financial cushioning by providing a form of assurance that operations will continue. As operational and financial risks are lowered, the business becomes a more stable, and thus attractive investment. Business continuity planning can also improve insurability: turning the business into a lower-risk policyholder, potentially leading to better policy terms and/or lower insurance premiums. In general, BCPs signal commitment to proactivity, stability and sustainability – making the business more credible and trustworthy in the eyes of all key stakeholders.

    To support businesses in understanding their resilience capacities, UNDRR has also developed the Resilience Maturity Assessment Tool (ReMA). ReMA helps businesses – particularly SMEs – identify gaps in their disaster preparedness and assess the maturity of their resilience strategies, offering a structured path toward stronger continuity planning and risk governance.

    Business continuity planning is more than a safeguard – it’s a strategic choice that empowers businesses to adapt, recover, and thrive amid disruption.

    MIL OSI United Nations News –

  • MIL-OSI Economics: Working Group announces Small Business Champions, discusses digitalization and MC14 plan

    Source: World Trade Organization

    Small Business Champions

    The winners of the 2025 Small Business Champions Competition are Silaiwali (India), a company which empowers women artisans by upcycling waste fabric from garment factories into handcrafted products, and NetZero Pallets (Viet Nam), which specializes in converting biomass into carbon-neutral shipping pallet materials.

    The fifth edition of the competition was held under the theme “Completing the Loop: Helping Small Businesses Contribute to the Circular Economy.” It was jointly organized by the Informal Working Group on MSMEs, the International Trade Centre (ITC), the International Chamber of Commerce (ICC) and in partnership with UN Trade and Development (UNCTAD) for the first time.

    At the award ceremony, WTO Director-General Ngozi Okonjo-Iweala congratulated the winners and reiterated the vital role of MSMEs in global value chains and supply chains. She emphasized that small businesses are a bedrock of innovation and agility, and that the Small Business Champions Award reflects their invaluable contributions to sustainable development. She also stressed the importance of supporting MSMEs in times of uncertainty, as they often face significant trade barriers, particularly in accessing knowledge and finance. “They’re the ones that need the stability and predictability of the world trading system the most. We cannot do without their voice,” she said.

    ITC Executive Director Pamela Coke-Hamilton and ICC Secretary General John Denton also delivered opening remarks. Deputy Secretary-General of UNCTAD, Pedro Manuel Moreno, addressed the ceremony via video message. All three speakers reaffirmed their organizations’ commitment to fostering a supportive business ecosystem where MSMEs can thrive and actively contribute to the circular economy.

    The award ceremony can be watched here.

    Digitalization, other thematic issues

    Lively discussions focused on capacity building for MSMEs through digital transformation, with members and international organizations sharing experiences in helping small businesses reduce costs and improve efficiency.

    The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) introduced its Cross-Border Paperless Trade Database, developed with the International Chamber of Commerce (ICC), as a hub offering innovative resources and legal support. China presented its single-window customs platform designed to simplify cross-border procedures for MSMEs. The International Trade Centre (ITC) provided an update on its digital trade policy and regulatory work. It also outlined its work on the African Continental Free Trade Area (AfCFTA) through the “One Trade Africa” project, which supports African MSMEs in participating in trade. Georgia proposed a peer-learning session to explore how to scale up digital solutions and streamline regulations.

    Building on previous thematic sessions, members also discussed good regulatory practices (GRPs) and the informal sector. They emphasized the importance of ensuring interoperability between regulatory frameworks to facilitate MSME trade. Participants expressed support for continued dialogue on informal MSMEs and recommended monitoring relevant developments in other international forums.

    MC14 strategies, implementation of 2020 MSME Package

    Following discussions at the March meeting, the Coordinator, Ambassador Matthew Wilson of Barbados, proposed tentative outcomes and issues to be developed in the lead-up to MC14. Group members agreed to focus on a primary deliverable: a joint study report by the World Customs Organization, ICC and the WTO on the integration of MSMEs into Authorized Economic Operator (AEO) programmes (INF/MSME/W/62/Rev.2), as adopted by the Group in March.

    Additional outcomes will include the Coordinator’s reports summarizing the Group’s work between MC13 and MC14, a summary of exemplary small enterprises and a review of key findings from the thematic discussions.

    The MSME Group Coordinator announced new funding from the China Council for the Promotion of International Trade (CCPIT) and the Organization for Trade Development and Standards Cooperation (ODCCN) for the Trade4MSMEs website to ensure its operation for the next six years. This contribution has already enabled the translation of the website into Mandarin, thereby enhancing its accessibility to a broader international audience.

    In addition, members agreed to continue deliberating on a possible policy guidance document (a compendium) for good regulatory practices (GRPs). Further discussion is also planned on how to advance joint work with the Trade and Gender Initiative, particularly in improving access to finance for women-led MSMEs.

    The Group also reviewed progress in implementing its December 2020 MSME Package — a set of policy recommendations aimed at supporting MSMEs. Several members, along with the WTO Secretariat, provided updates on their respective actions in support of the package’s implementation.

    Strengthening engagement with private sector

    A special session open to the business community took place on 25 June. Small traders were invited to share their views on the impact of recent trade tensions on their businesses, their engagement in good regulatory practices, and other challenges they face.

    The Coordinator reflected on key takeaways from the constructive discussion. Businesses described a challenging landscape created by economic uncertainty and ongoing trade tensions, including regarding tariffs. They also noted benefits from newly implemented efficiencies and other significant challenges, especially in relation to planning and day-to-day operations.

    While good regulatory practice (GRP) initiatives exist, MSMEs reported that they are often not adequately informed or consulted. They also noted that GRPs tend to be fragmented and country-specific, lacking global harmonization. Small businesses further highlighted limited access to tariff and trade regulation information, lack of clarity regarding customs regulations, and high shipping costs as major trade obstacles. They called for easier access to tariff information and greater support from national authorities.

    Members welcomed the discussion and proposed further discussions on how to incorporate feedback from the business community into the Group’s future agenda.

    Next

    The next meeting of the Informal Working Group on MSMEs is scheduled for 3 October 2025.

    Share

    MIL OSI Economics –

  • MIL-OSI USA: H.R. 2444, Promoting Resilient Supply Chains Act of 2025

    Source: US Congressional Budget Office

    H.R. 2444 would require the Department of Commerce to assess and prepare for disruptions to supply chains for goods that are critical to national or economic security. H.R. 2444 would establish an interagency working group to identify actions that the federal government can take to mitigate the economic effects of incidents that cause gaps in manufacturing, warehousing, transportation, and distribution networks for those critical goods. The department would need to report annually to the Congress on the effectiveness of its efforts.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 2480, Securing Semiconductor Supply Chains Act of 2025

    Source: US Congressional Budget Office

    H.R. 2480 would direct the Department of Commerce, through its SelectUSA program, to solicit comments from economic development organizations in the states about how to support foreign direct investment in semiconductor production in the United States. H.R. 2480 also would require the department to report to the Congress on strategies that SelectUSA could implement to increase such investment.

    MIL OSI USA News –

  • MIL-OSI USA: FDA Eliminates Risk Evaluation and Mitigation Strategies (REMS) for Autologous Chimeric Antigen Receptor CAR T cell Immunotherapies

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    June 27, 2025

    The U.S. Food and Drug Administration announced today that it has eliminated the Risk Evaluation and Mitigation Strategies (REMS) for currently approved BCMA- and CD19-directed autologous chimeric antigen receptor CAR T cell immunotherapies.  
    These products are gene therapies that are currently approved to treat blood cancers, such as multiple myeloma and certain types of leukemia and lymphoma.
    “The FDA has taken the bold step to remove the Risk Evaluation and Mitigation Strategy requirement from giving CAR T therapies. REMS is a useful safety system, but reevaluation over time helps inform whether a REMS is still needed to ensure that the benefits of a product outweigh its risks,” said FDA Vinay Prasad, M.D., M.P.H., Chief Medical and Scientific Officer and Director, Center for Biologics Evaluation and Research. “Eliminating the REMS that is no longer needed also expedites the delivery of potentially curative treatments to patients and reduces burden on providers.”
    A REMS is a safety program that the FDA can require for certain medications with serious safety concerns to help ensure the benefits of the medication outweigh its risks.
    The FDA determined that the approved REMS for the following products should be eliminated because a REMS is no longer necessary to ensure that the benefits of the autologous CAR T cell immunotherapies outweigh their risks.  

    Abecma (idecabtagene vicleucel)
    Breyanzi (lisocabtagene maraleucel)
    Carvykti (ciltacabtagene autoleucel)
    Kymriah (tisagenlecleucel)
    Tecartus (brexucabtagene autoleucel)
    Yescarta (axicabtagene ciloleucel)

    The elimination of REMS for the above products removes the requirements that hospitals and their associated clinics that dispense products must be specially certified and have on-site, immediate access to tocilizumab. The information regarding the risks for these CAR T cell immunotherapies can be conveyed adequately via the current product labeling, which includes a boxed warning for the risks of cytokine release syndrome and neurological toxicities, and medication guides.
    “Physicians and institutions now have greater experience identifying and managing toxicities with the currently approved CAR T products,” said Richard Pazdur, M.D., FDA Oncology Center of Excellence Director. “This approach will potentially facilitate patient access to these treatments while continuing to prioritize safety.”
    Continuous monitoring and assessment of the safety of all biological products, including the CAR T cell immunotherapies, is an FDA priority and we remain committed to informing the public when we learn new information about these products.
    These products will continue to be subject to safety monitoring, through adverse event reporting requirements in accordance with regulations (21 CFR 600.80). The elimination of the REMS for these products does not change FDA requirements for manufacturers to conduct post marketing observational safety studies to assess the risk of secondary malignancies and long-term safety with follow up of patients for 15 years after product administration.
    Related Information

    Related Information

    Consumer:888-INFO-FDA

    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Content current as of:
    06/27/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Disaster Recovery Centers are now open in Hardeman, McNairy, Montgomery and Obion counties to assist Tennesseans who experienced damage or loss from the April 2-24 severe storms, straight-line winds, tornadoes and flooding

     Locations are:Hardeman County: Safehaven Storm Shelter, 530 Madison Ave W

    , Grand Junction, TN 38039Hours: 8 a

    m

    –6 p

    m

    CT Monday-SundayMcNairy County: Latta Theatre, 205 W

    Court Ave

    , Selmer, TN 38375Hours: 8 a

    m

    –6 p

    m

    CT Monday-SundayMontgomery County: Montgomery County Library, 350 Pageant Lane, Clarksville, TN 37040Hours: 9 a

    m

    –8 p

    m

    CT Monday-Thursday; 9 a

    m

    –6 p

    m

    CT Friday-Saturday; 1 p

    m

    –5 p

    m

    CT SundayObion County: Obion County Library, 1221 E

    Reelfoot Ave

    , Union City, TN 38261Hours: 8 a

    m

    –6 p

    m

    CT Monday-Saturday; closed SundayAdditional centers will open in other impacted areas

    To find a center near you, visit fema

    gov/drc

    Homeowners and renters in Cheatham, Davidson, Dickson, Dyer, Hardeman, McNairy, Montgomery, Obion and Wilson counties can apply for FEMA assistance at a recovery center

    FEMA representatives will help with applications for federal assistance and provide information about other disaster recovery resources

     FEMA financial assistance may include money for basic home repairs or other uninsured, disaster-related needs, such as childcare, vehicle, medical needs, funeral expenses or the replacement of personal property

    In addition to FEMA personnel, representatives from the U

    S

    Small Business Administration and state agencies will be available to assist survivors

    It is not necessary to go to a center to apply for FEMA assistance

     Apply online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call the FEMA Helpline at 800-621-3362

    Lines are open seven days a week and specialists speak many languages

    To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube

    kwei

    nwaogu
    Fri, 06/27/2025 – 17:57

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Centers Opening in Camden, Iron Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Opening in Camden, Iron Counties

    Disaster Recovery Centers Opening in Camden, Iron Counties

    Disaster Recovery Centers (DRC) with FEMA Individual Assistance staff are opening in Camden and Iron Counties to help people affected by the March 14-15 severe storms, straight-line winds, tornadoes, and wildfires

    FEMA and the U

    S

    Small Business Administration will help survivors with their disaster assistance applications, answer questions, and upload required documents

    The Camden County DRC opens Monday, June 30 for three days

    LOCATION HOURS OF OPERATIONCamden CountyCamden County Emergency Management Office12 V F W RoadCamdenton, MO 65020June 30: 9 a

    m

    -7 p

    m

    July 1 and 2: 8 a

    m

    -7 p

    m

    The Iron County DRC opens Monday, June 30 for four days

     LOCATION HOURS OF OPERATIONIron CountyHarvest Full Gospel Church                                   59219 Highway 49Des Arc, MO 63636June 30: 9 a

    m

    -7 p

    m

            July 1-3: 8 a

    m

    -7 p

    m

    To save time, please apply for FEMA assistance before coming to a DRC

    Apply online at DisasterAssistance

    gov or by calling 800-621-3362

     If you are unable to apply online or by phone, someone at the DRC can assist you

     You may visit any location, no matter where you are staying now

    If your home or personal property sustained damage not covered by insurance, FEMA may be able to provide money to help you pay for home repairs, a temporary place to live, and replace essential personal property that was destroyed

    sara

    zuckerman
    Thu, 06/26/2025 – 19:25

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to New York Small Businesses and Private Nonprofits Affected by Hurricane Debby

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations in New York of the July 28 deadline to apply for low interest federal disaster loans to offset economic losses caused by Hurricane Debby occurring Aug. 5-10, 2024.

    The declaration covers the New York counties of Albany, Allegany, Chemung, Dutchess, Fulton, Hamilton, Jefferson, Lewis, Livingston, Montgomery, Ontario, Orange, Oswego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schuyler, Steuben, St. Lawrence, Sullivan, Ulster, Warren, Washington, Yates and Oswego; the New Jersey counties of Passaic and Sussex as well as the Pennsylvania counties of Pike, Potter, and Tioga.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit 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.

    Submit completed loan applications to SBA no later than July 28, 2025.

    ###

    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 www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to New York Small Businesses and Private Nonprofits Affected by Hurricane Debby

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations in New York of the July 28 deadline to apply for low interest federal disaster loans to offset economic losses caused by Hurricane Debby occurring Aug. 5-10, 2024.

    The declaration covers the New York counties of Albany, Allegany, Chemung, Dutchess, Fulton, Hamilton, Jefferson, Lewis, Livingston, Montgomery, Ontario, Orange, Oswego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schuyler, Steuben, St. Lawrence, Sullivan, Ulster, Warren, Washington, Yates and Oswego; the New Jersey counties of Passaic and Sussex as well as the Pennsylvania counties of Pike, Potter, and Tioga.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit 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.

    Submit completed loan applications to SBA no later than July 28, 2025.

    ###

    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 www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI: Welsbach Technology Metals Acquisition Corp. (“WTMA”) Announces Successful Approval for its Business Combination with Evolution Metals LLC (“EM”) from the Extraordinary General Meeting of Stockholders on June 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL and St. Louis, MO, June 27, 2025 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (OTC: WTMA), a publicly traded special purpose acquisition company, today announced the successful approval from its extraordinary general meeting (“Business Combination EGM”) of stockholders for its Business Combination with Evolution Metals LLC (“EM”), dedicated to bringing to the US capital markets a secure, reliable global supply chain for critical minerals and materials (“CMM”) that is independent of China.

    Through the Business Combination, WTMA and EM expect to acquire, scale and integrate five operating companies: (1) bonded magnet manufacturing; (2) sintered magnet manufacturing; (3) magnet metals and alloy production; (4) Li-ion battery recycling; and (5) smart machine design and automation. Upon closing, the combined company will be renamed Evolution Metals & Technologies Corp. (“EM&T”) and expects to trade on Nasdaq under the symbol EMAT.

    EM&T’s business is to leverage advanced technologies such as robotics and artificial intelligence (AI) to provide integrated midstream and downstream CMM recycling and processing of oxides, metals, magnet alloys, battery materials, and rare earth magnets for key industries including, but not limited to, the automotive, aerospace, defense, healthcare, high tech, consumer electronics and appliances, and renewable energy industries, while driving a sustainable future.

    “Today’s stockholder approval marks a transformative milestone in our journey to identify a vertically integrated and geopolitically independent supply chain for critical minerals and materials.” said Daniel Mamadou, CEO of WTMA. “Our merger with Evolution Metals represents not only a strategic alignment of values and vision, but also a decisive step toward delivering long-term value for our stakeholders. We are proud to join forces with Evolution Metals, who shares our commitment to sustainability, innovation, and industrial resilience in an increasingly complex global environment.”

    David Wilcox, Managing Member of Evolution Metals LLC, added: “This is an exciting moment for Evolution Metals and our partners. Upon the completion of our merger with WTMA, we we intend to accelerate our mission to create a secure, U.S.-centered supply chain for critical materials vital to clean energy, advanced manufacturing, and national defense. By vertically integrating a supply chain of critical materials production, we bring together complementary strengths and operational capabilities that position us to lead in an era where independence and supply chain security are more important than ever. Our plans are to replicate the Korean operations we expect to acquire into Missouri, creating a major industrial campus. We expect to fully process batteries and e-waste into salts, magnets and related materials – a dominant U.S. Champion in the mid-stream.”

    In addition, WTMA today announced that WTMA is extending the deadline for its stockholders to withdraw and reverse any previously delivered demand for redemption made in connection with the Business Combination EGM until WTMA determines not to accept reversals of redemption instructions. If a stockholder has previously submitted a request to redeem its shares in connection with the Business Combination EGM and would like to reverse such request, such stockholder may contact WTMA’s transfer agent, Continental Stock Transfer & Trust Company, at spacredemptions@continentalstock.com.

    You can find further information regarding the Business Combination and related matters in WTMA’s filings with the US Securities Exchange Commission (“SEC”), including the Registration Statement on Form S-4. These filings are available on the SEC website: https://www.sec.gov/edgar/search/#/q=wtma.

    About Welsbach Technology Metals Acquisition Corp.

    Welsbach Technology Metals Acquisition Corp. (OTC: WTMA) is a blank check company focused on identifying high-impact technology metals businesses aligned with global sustainability and security trends.

    About Evolution Metals LLC

    Evolution Metals LLC is committed to establishing a secure, robust and reliable supply chain for critical minerals & materials (CMM) that is 100% independent of China for sourcing or supplying feedstocks. EM’s strategy is to acquire and develop manufacturing, recycling and processing facilities to produce essential products (including magnets, battery feedstocks and related materials) for industrial uses such as, but not limited to, electric vehicles, electronics, environmental technologies and aerospace and defense applications. EM aims to support the creation of jobs, industry and manufacturing to promote a greener future by providing bespoke solutions to support its clients globally.

    Cautionary Statement Regarding Forward Looking-Statements

    Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations and beliefs of the management of WTMA and EM, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the U.S. Securities and Exchange Commission (“SEC”) by WTMA and the following: WTMA’s ability to complete the proposed Business Combination or, if WTMA does not consummate such proposed Business Combination, any other initial business combination; the risk that the consummation of the proposed Business Combination is significantly delayed; the ability to recognize the anticipated benefits of the proposed Business Combination; the risk that the announcement and consummation of the proposed Business Combination disrupts EM’s current plans; following the closing of the proposed Business Combination, WTMA’s (which intends to change its name to Evolution Metals & Technologies Corp. (such post-closing entity is referred to as “New EM”)) ability to successfully integrate the business and operations of the target companies (the “Target Companies”) into its ongoing business operations and realize the intended benefits of New EM’s acquisition of the Target Companies; New EM’s ability to secure sufficient funding to successfully rebuild Critical Mineral Recovery, Inc.’s recycling facility with significant expansion on management’s expected timeline and budget, or at all; unexpected costs related to the proposed Business Combination; expectations regarding New EM’s strategies and future financial performance, including future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, product and service acceptance, market trends, liquidity, cash flows and uses of cash, capital expenditures, and New EM’s ability to invest in growth initiatives; satisfaction or waiver (if applicable) of the conditions to the proposed Business Combination, including, among other things: (i) approval of the proposed Business Combination and related agreements and transactions by the WTMA stockholders, the holder of the EM member units and the holders of the equity interests of the other Target Companies, (ii) receipt of approval for listing on Nasdaq Stock Market LLC (“Nasdaq”) the shares of WTMA common stock to be issued in connection with the Business Combination, and (iii) the absence of any injunctions; that the amount of cash available in the trust account and from certain other investments is at least equal to the minimum available cash condition amount, after giving effect to redemptions by WTMA stockholders and certain transaction expenses; the occurrence of any other event, change or other circumstances that could give rise to the termination of the Merger Agreement; the implementation, market acceptance and success of New EM’s business model and growth strategy; the ability to obtain or maintain the listing of New EM’s common stock on Nasdaq following the proposed Business Combination; limited liquidity and trading of WTMA’s public securities; the amount of any redemptions by existing holders of WTMA common stock being greater than expected; WTMA’s ability to raise financing in the future; WTMA’s success in retaining or recruiting, or changes required in, New EM’s officers, key employees or directors following the completion of the proposed Business Combination; WTMA officers and directors allocating their time to other businesses and potentially having conflicts of interest with WTMA’s business or in approving the proposed Business Combination; the use of proceeds not held in the trust account or available to WTMA from interest income on the trust account balance; the impact of the regulatory environment and complexities with compliance related to such environment, including New EM’s ability to meet, and continue to meet, applicable regulatory requirements; New EM’s ability to execute its business plan, including with respect to its technical development and commercialization of products, and its growth and go-to-market strategies; New EM’s ability to achieve sustained, long-term profitability and commercial success; operational risks, including with respect to New EM’s use of agents or resellers in certain jurisdictions, New EM’s ability to scale up its manufacturing quantities of its products, New EM’s outsourcing of manufacturing and such manufacturers’ ability to satisfy New EM’s manufacturing needs on a timely basis, the availability of components or raw materials used to manufacture New EM’s products and New EM’s ability to process customer order backlog; New EM’s revenue deriving from a limited number of customers; geopolitical risk and changes in applicable laws or regulations, including with respect to New EM’s planned operations outside of the U.S. and Korea; New EM’s ability to attract and retain talented personnel; New EM’s ability to compete with companies that have significantly more resources; New EM’s ability to meet certain certification and compliance standards; New EM’s ability to protect its intellectual property rights and ability to protect itself against potential intellectual property infringement claims; the outcome of any known and unknown litigation and regulatory proceedings, including any proceedings that may be instituted against WTMA or EM following announcement of the proposed Business Combination; the potential characterization of New EM as an investment company subject to the Investment Company Act of 1940, as amended; and other factors detailed under the section entitled “Risk Factors” in the Registration Statement. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of WTMA, EM and the other Target Companies prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Except to the extent required by applicable law or regulation, WTMA, EM and the other Target Companies undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Investor & Media Contacts

    Judith McGarry
    Evolution Metals LLC
    Tel: +1 (415) 971-2900
    Email: judith.mcgarry@evolution-metals.com

    Daniel Mamadou
    Chief Executive Officer
    Welsbach Technology Metals Acquisition Corp.
    Tel: +1 (251) 280-1980
    Email: daniel@welsbach.sg

    The MIL Network –

  • MIL-OSI Russia: “We are all inclusive from birth”: the results of the All-Russian competition “My Good Business” have been summed up

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On June 27, 2025, a ceremony was held to present awards to the winners of the All-Russian competition of socially responsible initiatives of entrepreneurs and socially oriented non-profit organizations “My Good Business”.

    The organizer of the All-Russian competition “My Good Business” is the Ministry of Economic Development of Russia. The federal operator of the Competition for the third year in a row was the State University of Management. The award ceremony for the winners, as in the previous year, was held at the Social Entrepreneurship Forum “More than Business”.

    “This is a very kind competition, fully corresponding to its name. It is not only and not so much about money, but about the impulse of the soul. The exhibition in the foyer clearly showed the interest and involvement of entrepreneurs and their clients, grandmothers and mothers. I am personally happy to participate in the main events of the Competition,” admitted Deputy Minister of Economic Development of the Russian Federation Tatyana Ilyushnikova and thanked the State University of Management for assistance in organizing the Competition.

    “GUU has been the operator of the Competition for the third year already. We can see how interest in it is growing based on the number of applications. I often visit the regions and never miss the opportunity to visit local My Business centers to meet social entrepreneurs. It is rare to find such passionate people who are ready to give everything for the sake of people and the promotion of their projects. I have never regretted that we started working on this Competition,” shared Vladimir Stroyev, Rector of GUU.

    “We see that more and more entrepreneurs are taking part in the Competition, both small and large businesses. Our foundation will be happy to continue supporting the Competition. We have recently developed state standards for assessing the social effects of good business. All of these are elements of a major task – focusing the economy on people,” said Roman Davydov, development advisor for the Our Future Foundation and member of the Public Council of the Russian Ministry of Economic Development.

    “My experience of meeting with entrepreneurs shows that for every second one, the main motive for implementing their projects is the desire to be socially useful. Focus on society has recently become increasingly important. And since everyone here is for good, there are simply no losers in this Competition,” said Dmitry Litvin, head of the Rosmolodezh.Predprinimatel and Rosmolodezh.Profi departments.

    Results of the All-Russian competition of projects in the field of social entrepreneurship and NPO “My good business”

    Track “Social Interaction”

    Nomination “Good Guy”: 2nd place: Irina Romacheva, project “Implementation of charitable and infrastructure programs aimed at supporting youth and children’s sports, adaptation of people with disabilities”, Nizhny Novgorod Region; 1st place: Anna Knyazeva, project “Dorogobuzhkotlomash – for children”, Smolensk Region.

    Nomination “Cultural Code”: 1st place: Iskandar Bakhtiyarov, project “Annual holiday for first-graders “Children are our future” from the Ufanet company”, Republic of Bashkortostan.

    Nomination “Initiatives to support socially responsible business and NPOs”: 3rd place: Nikolay Makarov, project “Competition for students of the construction program “KSM Scholar”, Republic of Karelia; 2nd place: Irina Medvedeva, project “Social entrepreneurship development program “Start your own business”, Nizhny Novgorod Region; 1st place: Evgeny Petrov, project “Information technologies in the field of social entrepreneurship”, Nizhny Novgorod Region.

    Track “Help with meaning”

    Nomination “Kind Assistance”: 3rd place: Anna Zueva, project “Charity Shop “Teplo”, Perm Krai; 2nd place: Tatyana Egorova, project “Assistance Point for Participants of the SVO “Territory of Good 26”, Stavropol Krai; 1st place: Aishat Karaeva, project “Comprehensive Social, Medical, Scientific and Information Support for the Population of the Republic of Dagestan”, Republic of Dagestan.

    Nomination “Young Entrepreneur”: 3rd place: Yaroslav Kozlov, project “NeuroCareer Guidance”, Moscow; 2nd place: Anna Pokshivanova, project “Centers for Additional Education for Children and Family Classes “Mirta Superclass”, Lipetsk Region; 1st place: Vladislav Kozin, project “School of Music KozinMusicEducation”, Rostov Region.

    Nomination “Cultural Code”: 3rd place: Elena Bobrova, project “OOO “Valeologiya” Comprehensive rehabilitation of children with disabilities in the Ivanovo Regional Center for Exercise Therapy and Sports Medicine”, Ivanovo Region; 2nd place: Marina Kolesnichenko, project “Theatrical anthology of school literature (Educational theater of the Association of Artists of the Moscow Art Theater)”, Moscow; 1st place: Irina Slesareva, project “STARFISH network of family health aqua clubs”, Moscow.

    Nomination “Kind Mom”: 3rd place: Anastasia Kupriyanova, project “Let’s Help You Learn”, Yaroslavl Region; 2nd place: Yulia Moshkina, project “Family Inclusive Club “We Are Together”, Kirov Region; 1st place: Ekaterina Davydova, project “Correctional and Development Center for Children with Disabilities “MIR”, Tyumen Region.

    Nomination “Good Guy”: 3rd place: Roman Usachev, project “EQUICENTER – power in motion”, Lugansk People’s Republic; 2nd place: Olga Repkina, project “Good Robot” – creation and development of a children’s technical creativity club”, Arkhangelsk region; 1st place: Olga Cherpakova, project “Ecosystem of assistance to the elderly and disabled “Comfort”, Tyumen region.

    Nomination “Crafts of Russia”: 3rd place: Ulyana Voitenko, project “Siberian Will”, Novosibirsk Region; 2nd place: Elena Kuvshinova, “Project for the creation of a cultural and educational center for folk art and crafts in the city of Kirovo-Chepetsk, Kirov Region”, Kirov Region; 1st place: Vladimir Matveyev, project “Reproduction of ancient Russian jewelry”, Novgorod Region.

    Silver Business nomination: 3rd place: Larisa Krutskikh, project From Movement to Speech, Altai Krai; 2nd place: Oleg Serdyuk, project Organization of Care for the Elderly and People with Limited Mobility at Home and in Hospital, Saratov Oblast; 1st place: Galina Bozhenko, project I Want! I Can! I Do!, Donetsk People’s Republic.

    Nomination: “Working to Help”: 3rd place: Gulnaz Kamalova, project “Inclusive Workshops “Dobroshtuki”, Republic of Bashkortostan; 2nd place: Yulia Romeiko, project “Charity Program “Social Hotel for Children with Cancer “Good House”, Moscow; 1st place: Marina Sintsova, project “Center for Reconstructive Dermatology, Cosmetology and Aesthetic Rehabilitation for Participants of the Special Military Operation (SVO)”, Samara Region.

    My Kind Startup nomination: 3rd place: Daniil Bredikhin, project “Smart sticker for the blind and visually impaired”, Oryol region; 2nd place: Alexander Ryabinin, project “Elevatek: creating the opportunity to live without restrictions”, Bryansk region; 1st place: Alexander Litvinov, project “Production of polymer ophthalmological implants for mass use to solve medical and social problems associated with visual impairment”, Nizhny Novgorod region.

    Special nomination “Best social franchise”: Winner – Olga Zubkova, project “Inclusive camp Novy Gorod “Druzhny”, Perm Krai.

    We congratulate all the winners and are already looking forward to the start of the next season of the All-Russian competition “My Good Business”.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI USA: H.R. 617, American Music Tourism Act of 2025

    Source: US Congressional Budget Office

    H.R. 617 would require the Assistant Secretary of Commerce for Travel and Tourism to promote music tourism in the United States and periodically report to the Congress. In 2024, $3.5 million was appropriated to carry out the requirements of the Visit America Act, a 2022 law promoting U.S. travel and tourism.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 866, ROUTERS Act

    Source: US Congressional Budget Office

    H.R. 866 would require the Department of Commerce to study the national security risks and cybersecurity vulnerabilities posed by consumer routers, modems, and devices that combine a modem and a router that are designed, manufactured, or supplied by organizations owned or controlled by China, Iran, North Korea, or Russia. H.R. 866 would require the department to report those results to the Congress.

    MIL OSI USA News –

  • MIL-OSI USA: At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina

    Source: US State of North Carolina

    Headline: At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina

    At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina
    lsaito

    Raleigh, NC

    Governor Josh Stein today reopened Chimney Rock State Park and announced “Rediscover the Unforgettable,” a new tourism initiative to bring more visitors back to western North Carolina. Advanced reservations are required to access the park, which will be open with limited hours. At the reopening, Governor Stein also signed House Bill 1012: Disaster Recovery Act of 2025 – Part II into law.  

    “Nine months ago, Hurricane Helene devastated western North Carolina’s economy. Let’s make sure our neighbors know we haven’t forgotten them,” said Governor Josh Stein. “We can support the region’s recovery just by showing up. If you’re planning your summer vacation or a weekend getaway, make sure to experience something that makes western North Carolina unforgettable. And that includes beautiful Chimney Rock State Park.” 

    “Tourism is essential to western North Carolina’s economy, and our rural communities are home to so many natural and cultural treasures. It’s important that we keep the recovery going strong by spending our tourist dollars here,” said First Lady Anna Stein. “I’m proud to be focusing on rural tourism and grateful to be spending time this summer out west – I encourage my fellow North Carolinians to join me.” 

    “Chimney Rock State Park is a vital landmark that typically attracts 400,000 visitors per year,” said Department of Natural and Cultural Resources Secretary Pamela Cashwell. “It has been an all-hands-on-deck effort to reopen the park, and I am grateful to our team and our partners who have worked so hard on this goal. We are committed to supporting park staff and local partners as the park begins welcoming visitors once again.” 

    “Hurricane Helene damaged thousands of roads and bridges across the state, including the bridge leading to Chimney Rock State Park,” said Department of Transportation Secretary Joey Hopkins. “Our team has worked tirelessly to restore connectivity by repairing and reopening roads and will continue to do so until complete, so people can once again enjoy everything our state has to offer.” 

    “Whether you’re a foodie, a hiker, or a waterfall enthusiast, Western North Carolina has the unique experiences that make every trip here unforgettable,” said Visit NC Executive Director Wit Tuttell. “As the state’s tourism marketing organization, Visit NC has dedicated the past nine months to telling Western North Carolina’s story. Now, we are proud to be working with Governor Stein to promote our exceptional mountains.” 

    Chimney Rock experienced severe devastation because of Hurricane Helene, and the loss of key roads, bridges, and trails made Chimney Rock State Park inaccessible. Nine months later, thanks to dedicated efforts by the Department of Natural and Cultural Resources, the Division of Parks and Recreation, the Department of Transportation, and local partners, Chimney Rock State Park is able to reopen on a limited basis: from Fridays to Mondays to visitors who make advance reservations. While the village of Chimney Rock has not yet officially reopened, several local businesses are open and welcoming tourists.  

    Hurricane Helene devastated businesses and tourist attractions, particularly during the critical fall foliage season. Now as a new tourism season begins, Governor Stein and VisitNC are teaming up with a new tourism initiative, “Rediscover the Unforgettable Western North Carolina.” This campaign will be available to local chambers of commerce, tourism boards, and small businesses for their promotional efforts. Musician and western North Carolina native Eric Church is the proud voice of a new video highlighting the initiative.

    I’m proud to be from Western North Carolina. It’s where I was born, it’s where my soul finds rest,” said Eric Church. “Our family has lived here for generations, and it has become a part of the fabric that has made me the man that I am now. It’s an honor to be the voice that invites more people to discover and visit a place we love.”

    Governor Josh Stein continues to advocate for western North Carolina, asking the Trump administration and the U.S. Congress to send $19 billion to North Carolina for disaster relief – $11.5 billion in new appropriations and $7.5 billion in allocations from previous appropriations. Last week, Stein worked with the Department of Commerce to launch Renew NC, a new housing recovery program that is now accepting applications from homeowners impacted by Hurricane Helene. North Carolinians are encouraged to apply at renewnc.org.   

    Jun 27, 2025

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Kansas Small Businesses, Nonprofits and Residents Affected by Adverse Weather

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, nonprofits, and residents in Kansas of the July 28 deadline to apply for low interest federal disaster loans to offset physical damage caused by the severe storm and tornado occurring May 18.

    The disaster declaration covers the Kansas counties of Gove, Graham, Lane, Logan, Ness, Scott, Sheridan, Thomas and Trego.

    Small businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    Interest rates can be as low as 4% for small businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    To apply online, visit 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.

    The deadline to return physical damage applications is July 28.

    ###

    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 www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Kansas Small Businesses, Nonprofits and Residents Affected by Adverse Weather

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, nonprofits, and residents in Kansas of the July 28 deadline to apply for low interest federal disaster loans to offset physical damage caused by the severe storm and tornado occurring May 18.

    The disaster declaration covers the Kansas counties of Gove, Graham, Lane, Logan, Ness, Scott, Sheridan, Thomas and Trego.

    Small businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    Interest rates can be as low as 4% for small businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    To apply online, visit 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.

    The deadline to return physical damage applications is July 28.

    ###

    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 www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Kansas Small Businesses, Nonprofits and Residents Affected by Adverse Weather

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, nonprofits, and residents in Kansas of the July 28 deadline to apply for low interest federal disaster loans to offset physical damage caused by the severe storm and tornado occurring May 18.

    The disaster declaration covers the Kansas counties of Gove, Graham, Lane, Logan, Ness, Scott, Sheridan, Thomas and Trego.

    Small businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    Interest rates can be as low as 4% for small businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    To apply online, visit 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.

    The deadline to return physical damage applications is July 28.

    ###

    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 www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: S. 298, Returning SBA to Main Street Act

    Source: US Congressional Budget Office

    Bill Summary

    S. 298 would require the Small Business Administration (SBA) to relocate 30 percent of its employees from its headquarters in Washington, D.C., to regional offices throughout the United States and reduce its headquarters office space by 30 percent. Those changes would be contingent upon the agency determining that they would reduce costs to the federal government.

    Estimated Federal Cost

    The estimated budgetary effect of S. 298 is shown in Table 1. The costs of the legislation fall within budget function 370 (commerce and housing credit).

    Table 1.

    Estimated Changes in Spending Subject to Appropriation Under S. 298
     

    By Fiscal Year, Millions of Dollars

    		  
     

    2025

    2026

    2027

    2028

    2029

    2030

    2025-2030

    Salaries and Benefits

    		              

    Estimated Authorization

    *

    -4

    -10

    -8

    -2

    -2

    -26

    Estimated Outlays

    *

    -3

    -9

    -9

    -3

    -2

    -26

    Overhead Expenses

    		              

    Estimated Authorization

    0

    5

    6

    -5

    -5

    -5

    -4

    Estimated Outlays

    0

    4

    6

    -3

    -5

    -5

    -3

    Total Changes

    		              

    Estimated Authorization

    *

    1

    -4

    -13

    -7

    -7

    -30

    Estimated Outlays

    *

    1

    -3

    -12

    -8

    -7

    -29

    Basis of Estimate

    CBO assumes that S. 298 will be enacted near the end of fiscal year 2025, that the SBA would not begin to relocate employees until 2026, and that the Congress would reduce annual appropriations by the estimated amounts each year. Outlays were estimated using historical obligation and spending rates.

    Spending Subject to Appropriation

    CBO estimates that implementing S. 298 would decrease spending subject to appropriation by $29 million over the 2025-2030 period. The Congress appropriated $974 million for the SBA’s administrative expenses in fiscal year 2025.

    Salaries and Benefits. S. 298 would require the SBA to relocate 30 percent of its employees currently assigned to work at the headquarters in Washington, D.C., to regional offices throughout the United States within one year and to adjust their compensation for the new location. Additionally, employees would no longer be allowed to telework unless they qualify for an accommodation under the Americans with Disabilities Act.

    There are currently about 900 full-time employees assigned to work at the SBA headquarters; under the bill, about 270 employees would need to be relocated. CBO assumes that half of those employees would relocate in 2026, and half would choose to leave the agency. CBO expects that it would take about two years for the SBA to hire new employees at regional offices to replace those that leave the agency. The lag in hiring new employees accounts for about 50 percent of the estimated reduction in costs for salaries and benefits.

    Salaries and benefits for federal employees vary by location. Based on information from the SBA, CBO expects that the average salaries and benefits of those employees in 2026 would decrease from about $208,000 to $201,000. Employees that relocate would be eligible to receive amounts to cover their household’s transportation expenses, temporary housing, and assistance with selling and purchasing a home.

    Using information from the Department of Agriculture, which relocated two subagencies in 2019, CBO estimates that average relocation expenses would be about $70,000 per employee. Additionally, some employees that leave the SBA would be eligible for severance averaging about $55,000 per employee. After accounting for anticipated inflation, attrition, and the time required to hire new employees, CBO estimates that implementing S. 298 would reduce the costs of SBA’s salaries and benefits by $26 million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    S. 298 also would require the SBA to report within six months on the number of employees at its headquarters who would be eligible to be relocated and a plan for implementing those changes. CBO estimates that the report would cost less than $500,000.

    Overhead Expenses. S. 298 also would require the agency to reduce office space at its headquarters location by 30 percent within two years. Using information from the SBA, CBO estimates that overhead expenses (including rent, security, and telecommunications services) for the affected employees at SBA headquarters totaled about $6 million in 2025 compared to costs of about $1.5 million at regional offices for the same number of employees.

    Finally, the SBA would require assistance from the General Services Administration (GSA) to locate and set up additional office space in regional offices. Using information from GSA, CBO estimates that the new working and meeting space, furniture and workstation purchases, and installation of information technology and audiovisual equipment would cost $10 million. CBO expects those costs would be incurred in 2026 and 2027.

    After accounting for inflation, attrition, and the time required for hiring and acquiring space and under the assumption that the SBA would reduce its office space in Washington, D.C., CBO estimates that implementing the bill would reduce overhead costs for the SBA by $3 million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    Uncertainty

    CBO’s estimate of S. 298 is subject to uncertainty because determining how many employees would relocate and the costs associated with their relocation is uncertain. For example, if the SBA paid severance to those that choose to leave the agency, decided not to hire new employees to offset expected attrition, or paid higher or lower relocation expenses, the actual costs could be higher or lower than those estimated.

    Additionally, if employees chose to retire and collect retirement benefits earlier than they would under current law, spending on retirement benefits, which are recorded in the budget as direct spending, would change.

    Pay-As-You-Go Considerations

    Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

    Increase in Long-Term Net Direct Spending and Deficits

    CBO estimates that enacting S. 298 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2036.

    Mandates

    The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

    Federal Costs: Aurora Swanson

    Mandates: Rachel Austin

    Estimate Reviewed By

    Justin Humphrey
    Chief, Finance, Housing, and Education Cost Estimates Unit

    Kathleen FitzGerald 
    Chief, Public and Private Mandates Unit

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: Shang Hao Jia, Inc. Issues Allergy Alert on Undeclared Sesame in Danshi Brand Spicy Shredded Tofu

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    June 26, 2025
    FDA Publish Date:
    June 27, 2025
    Product Type:
    Food & Beverages
    Reason for Announcement:

    Recall Reason Description
    Undeclared Sesame

    Company Name:
    SHANG HAO JIA, INC
    Brand Name:

    Brand Name(s)
    Danshi

    Product Description:

    Product Description
    Spicy Shredded Tofu

    Company Announcement
    Shang Hao Jia, Inc. of South El Monte, CA is recalling 50 cases of Danshi brand Spicy Shredded Tofu, because it may contains undeclared sesame. People who have an allergy or severe sensitivity to sesame run the risk of serious or life-threatening allergic reaction if they consume this product.
    The Danshi Spicy Shredded Tofu was distributed in California and direct delivery to supermarket.
    Danshi brand Spicy Shredded Tofu is packaged in a plastic container. Net weight: 200g. UPC#6942849709499, lot code #20240825, best by date 05/24/2025
    No illnesses have been reported to date.
    The recall was initiated after it was discovered during a FDA inspection of the foreign manufacturer that product containing sesame was distributed in packaging that did not reveal the presence of sesame.
    Consumers who have purchased Danshi Spicy Shredded Tofu are urged to return it to the place of purchase for a full refund. Consumers with questions may contact the company at 1-626-277-2819 from 9:30am to 5:30pm, Monday – Friday, Pacific Time.)
    This recall is being made with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Consumers:
    Shang Hao Jia, Inc.
    626-277-2819

    Media:
    Dinghua Chen
    626-376-6800

    Content current as of:
    06/27/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • Nirmala Sitharaman reviews public sector banks’ performance, urges focus on financial inclusion and innovation

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman on Friday chaired a high-level annual review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) in New Delhi. Meeting focused on financial strength, inclusive lending, cyber security, and customer-centric innovation. The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of the Department of Financial Services, M. Nagaraju, and senior officials, alongside PSB leadership.

    Sitharaman commended the PSBs for their robust financial performance, particularly in FY 2024–25, where they recorded a record net profit of ₹1.78 lakh crore. Over the period from FY 2022–23 to FY 2024–25, the total business of PSBs grew from ₹203 lakh crore to ₹251 lakh crore, while net Non-Performing Assets (NNPAs) dropped to a multi-year low of 0.52%, reflecting improved asset quality and risk management. Dividend payouts also rose significantly, from ₹20,964 crore to ₹34,990 crore, with the Capital to Risk-Weighted Assets Ratio (CRAR) standing strong at 16.15% as of March 2025.

    The Finance Minister emphasized the need for sustained deposit mobilization to support ongoing credit growth, urging PSBs to leverage their branch networks and deepen outreach in semi-urban and rural areas through special drives. She also directed banks to identify emerging commercial growth sectors for the next decade to boost profitability and to deepen corporate lending in productive sectors while maintaining stringent underwriting and risk management standards. Lending to the energy sector, particularly in renewable and sustainable areas, was highlighted as a national priority, with banks advised to develop credit models to support indigenously designed small modular nuclear reactors (SMRs) as announced in the Union Budget 2025-26.

    Financial inclusion remained a key focus, with Sitharaman directing PSBs to actively participate in a three-month saturation campaign starting July 1, covering 2.7 lakh Gram Panchayats and Urban Local Bodies. The campaign will prioritize KYC compliance, re-KYC, and unclaimed deposits, alongside promoting schemes like PM Jan Dhan Yojana, PM Jeevan Jyoti Bima, and PM Suraksha Bima Yojana. Banks were also instructed to scale up efforts under schemes such as PM MUDRA Yojana, PM Vishwakarma, PM Surya Ghar Muft Bijli Yojana, PM Vidyalaxmi, and the Kisan Credit Card (KCC) scheme, with a special focus on agricultural credit in 100 low-productivity districts under the PM Dhan Dhanya Yojana to enhance local economic potential.

    The review highlighted progress under the New Credit Assessment Model for MSMEs, launched on March 6, 2025, with 1.97 lakh loans sanctioned worth ₹60,000 crore. Smt. Sitharaman urged banks to strengthen this model to improve capital access for small and medium businesses. Additionally, under the Stand Up India scheme, 2.28 lakh loans worth ₹51,192 crore have been sanctioned, and under the PM Vidya Lakshmi scheme, 6,682 applications worth ₹1,751 crore have been approved. The Finance Minister called for greater focus on these schemes to support entrepreneurship and higher education.

    To enhance customer experience, banks were directed to ensure faster grievance redressal, offer simplified digital platforms, and provide multilingual services both online and offline. Maintaining clean, customer-friendly branches and expanding in metro and urban centers to keep pace with urbanization were also emphasized. Sitharaman stressed the importance of filling all existing and upcoming vacancies promptly to improve service delivery and encouraged banks to expand their presence in underserved areas like the Northeast and strengthen the Business Correspondent network for last-mile banking access. Additionally, banks were advised to expand operations in GIFT City to tap into global financial opportunities and increase participation in the India International Bullion Exchange (IIBX).

  • MIL-OSI: CIRI Announces the 2025 Recipient for the Award for Excellence in Investor Relations

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — The Canadian Investor Relations Institute (CIRI), Canada’s national association representing investor relations professionals, is pleased to announce that Jennifer McCaughey, F.CIRI, has been chosen as the 37th recipient of the Award for Excellence in Investor Relations. Jennifer was honoured at CIRI’s 38th Annual Investor Relations Conference in Niagara-on-the-Lake, Ontario.

    The Award for Excellence in Investor Relations is presented by CIRI to honour individuals who have made an exceptional contribution to the investor relations profession and the Institute.

    Award for Excellence in Investor Relations

     

    Jennifer McCaughey, F.CIRI, has had a distinguished career in Investor Relations, spanning over 25 years with several key small-cap, mid-cap and large-cap issuers. Most notably, she served as the leading IRO at Transcontinental for 15 years. During this time, Ms. McCaughey joined the CIRI Quebec Chapter Executive as a member (2010-2016) and assumed the Chapter Chair position from 2012-2014, where her leadership significantly expanded the Chapter’s reach beyond the IR community. Ms. McCaughey’s efforts to broaden CIRI’s scope aligned with the overarching goal of enhancing the IRO’s importance within senior management and the C-suite.

    Throughout her leadership, Ms. McCaughey instilled a vision to grow and expand the influence of the IR function, effectively channelling her efforts through CIRI to achieve this goal.

    “Jennifer is a highly regarded investor relations professional in Canada and a significant contributor to CIRI. She is recognized for her outstanding leadership, commitment to best practices, and steadfast support for CIRI and the broader IR community,” said Nathalie Megann, CPIR, President & CEO, CIRI. “Whether through her role at Calian Group or her ongoing efforts to advance the profession as a mentor, advocate, and thought leader, she continually strives to open doors and expand the exposure of the value of the investor relations profession through active involvement and leadership in the Canadian investor relations community.”

    Ms. McCaughey received the designation of F.CIRI, the CIRI Fellowship in 2021, which recognizes IR leaders who bring distinction to the profession and serve as role models for others. She also received the Belle Mulligan Award for Leadership in Investor Relations in 2014, which recognizes individuals who have shown singular leadership in one or more aspects of the practice of IR. As a longstanding member of CIRI, she has generously shared her expertise and experience through speaking engagements, leadership roles and mentorship.

    Ms. McCaughey is the Director of Investor Relations at Calian Group, bringing nearly 30 years of experience in capital markets and investor relations. She holds a Bachelor of Commerce in Finance from McGill University and is a CFA Charterholder. 

    “I’m incredibly honoured to receive the Award for Excellence in Investor Relations from CIRI. This recognition reflects not just a milestone in my career, but a journey spanning nearly 30 years in the capital markets, the majority of which has been dedicated to investor relations. IR has been more than a profession—it’s been a passion. I’ve always believed in the strategic value of investor relations and the critical role it plays in building trust, enhancing corporate reputation, and driving long-term value for companies. To have now received all three of CIRI’s awards is truly humbling, and I share this honour with the many colleagues and mentors who have inspired me along the way. I hope this recognition encourages others in our field to continue raising the bar for excellence in IR. CIRI plays a vital role in supporting that mission, and I’m proud to be part of such a dedicated community.”

    “I extend sincere congratulations to Jennifer as well as heartfelt thanks for her valued contributions to CIRI and the IR profession,” said Nathalie Megann.

    About CIRI
    CIRI is a professional, not-for-profit association of executives responsible for communication between public corporations, investors and the financial community. CIRI contributes to the transparency and integrity of the Canadian capital markets by advancing the practice of investor relations, the professional competency of its members and the stature of the profession. With over 300 members and four Chapters across the country, CIRI is the voice of IR in Canada. For further information, please visit CIRI.org. 

    For further information, please contact:
    Nathalie Megann, CPIR, ICD.D
    President & CEO
    Canadian Investor Relations Institute
    (416) 364-8200 ext. 101
    nmegann@ciri.org

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e523d7-cdcf-409e-9af6-66917d968a83

    The MIL Network –

  • MIL-OSI USA: Press Release: FDIC Publishes Enforcement Orders for May 2025

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News –

  • MIL-OSI USA: Latta Highlights the Need for Federal Autonomous Vehicle Legislation

    Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

    Yesterday, Congressman Bob Latta (R-OH-5) joined the Commerce, Manufacturing and Trade Subcommittee hearing on motor vehicle safety, to discuss his commitment to advancing autonomous vehicle (AV) legislation. Congressman Latta spoke on the importance of the United States maintaining its global leadership in automotive innovation by advancing policies that support the deployment of next-generation technologies. Watch Congressman Latta’s full remarks HERE.   

    Even with vehicle safety standards improving over the years, traffic-related accidents have steadily been on the rise. According to the National Highway Traffic Safety Administration, 39,345 people died in motor vehicle traffic accidents in 2024. In addition to improving safety on our roads, AVs have the potential to increase mobility for seniors and those who live with health challenges or disabilities. 

    Below is an excerpt from Congressman Latta’s remarks highlighting the need for federal AV legislation to improve safety:   

    “I think it’s important that we look at the number of highway deaths that we see in traffic and what was caused out there. About 94 percent of all the accidents being caused out there is because of driver error. I ride every year with the Ohio Highway Patrol, and when the troopers are out on the road, they can point out quickly people that are not paying attention. We want to make sure that we get this legislation passed… 

    “But one of the things I’ve said, it’s so important when we look at this is it’s always been safety first, safety last, safety always.” 

    Below is an excerpt of Jeff Farrah, CEO of the Autonomous Vehicle Industry Association, a witness at Thursday’s hearing:   

    “Congressman Latta, I want to first start by thanking you for all your efforts over the course of a very long time and acknowledge all the effort that you put into this issue. I don’t think there’s anyone in Congress who’s thought more deeply about this (automated vehicles) and been more committed to this. I know you’ve worked very closely with Congresswoman Dingell as well. I know she stepped out of the room here. We wanted to acknowledge her work as well… 

     “And we’re very pleased to work with you again to try and advance this legislation. I think that you’ve really articulated why this is so important from a safety perspective, from an economic perspective, and from a strategic competitor perspective. So I think that there’s a couple of things that we need to do here really to make sure that we are advancing public trust. And one of those is making sure that the federal government is speaking to vehicle design, construction, and performance issues, which only it can speak to uniformly. And that’s something that’s going to be married with a lot of the great efforts that have happened in a variety of US states, including in your state of Ohio…”  

    Congressman Latta is currently the co-chair of the Congressional Autonomous Vehicle Caucus; a bipartisan caucus aimed at educating Congress on how autonomous vehicle technology can improve the safety and accessibility of the nation’s roads. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Oregon Small Businesses and Private Nonprofits Affected by the Microwave Tower Fire

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and nonprofit organizations in Oregon of the July 29, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the Microwave Tower Fire occurring July 22- Aug. 11, 2024.

    The disaster declaration covers the Oregon counties of Clackamas, Gilliam, Hood River, Jefferson, Marion, Sherman, Wasco and Wheeler as well as the Washington county of Klickitat.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP)organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit 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.

    Submit completed loan applications to the SBA no later than July 29.

    ###

    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 www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI: No Credit Check Loans Guaranteed Approval Direct Lender, US – New Personal Loans for Bad Credit Now Offered by Viva Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 27, 2025 (GLOBE NEWSWIRE) —  Viva Payday Loans, a leader in providing fast and flexible loan solutions, is proud to announce its latest offerings of personal loans for bad credit guaranteed approval, including expanded options for no credit check loans guaranteed approval direct lender services. In response to skyrocketing consumer demand for secure, transparent, and flexible emergency financing, Viva Payday Loans’ 2025 launch of guaranteed approval loans aims to help more borrowers rebuild their financial confidence and get access to cash when it matters most.

    ⇒ Apply Now for No Credit Check Loans with Guaranteed Approval!

    With the rising cost of living and growing uncertainty in today’s economy, many Americans struggle with credit challenges that leave them excluded from traditional bank loans. Viva Payday Loans recognizes this problem and has introduced a robust lineup of personal loans for bad credit guaranteed approval online, making it easier for applicants with a poor or limited credit history to find quick, responsible financing.

    ⇒ Apply Instantly for No Credit Check Loans with Same Day Funding!

    “At Viva Payday Loans, we believe everyone deserves a second chance,” said Jessica Carter, Senior Product Manager. “We have designed our new guaranteed approval loans to deliver fast, safe, and accessible funds for all, including no credit check loans, guaranteed approval direct lender options, emergency loan bad credit guaranteed approval programs, and quick loan no credit check solutions.”

    ⇒ Apply Today for Guaranteed Approval Personal Loans for Bad Credit

    Meeting the Urgent Need for Financial Relief

    Millions of Americans face emergencies ranging from medical bills to car repairs and unexpected living expenses. Unfortunately, many lack the credit rating to qualify for traditional loans, which often leaves them exposed to predatory lenders and sky-high interest rates. Viva Payday Loans offers a trusted solution with its bad credit loans guaranteed approval approach, including:

    • Emergency loans online guaranteed approval
    • Instant payday loans online guaranteed approval
    • $1,000 quick loan no credit check
    • No credit check loans guaranteed approval online

    By working with a carefully vetted network of direct lenders who specialize in no credit check emergency loans guaranteed approval, Viva Payday Loans connects customers to honest, fast solutions that respect their privacy and financial dignity.

    ⇒ Quick No Credit Check Loans from a Direct Lender — Start Today!

    Expanding No Credit Check Loans Guaranteed Approval​ Online

    Through a dedicated online portal, Viva Payday Loans has streamlined the entire loan process, making it possible to apply for no credit check loans with guaranteed approval​ from any device, 24/7. Consumers can complete an application in minutes, upload supporting documentation securely, and receive same-day decisions — sometimes even instant approvals.

    ⇒ No Credit Check Loans with Direct Lender — Start Today!

    By focusing on installment loans for bad credit, urgent loans for bad credit guaranteed approval, and bad credit personal loans guaranteed approval $5,000, Viva Payday Loans empowers borrowers to repay in predictable, budget-friendly installments rather than getting caught in unmanageable payday loan cycles.

    “Our commitment is to provide guaranteed approval loans with no hidden fees, no bait-and-switch pricing, and no games,” said Carter. “We partner with legit online loans guaranteed approval lenders who follow responsible lending practices so that borrowers can get peace of mind and a fair shot at financial stability.”

    ⇒ Get Same Day Approval on No Credit Check Loans — Apply Now!

    No Credit Check Loans Guaranteed Approval Direct Lender: How It Works

    One of the most powerful offerings from Viva Payday Loans in 2025 is the No Credit Check Loans Guaranteed Approval Direct Lender option. These programs are designed to remove the obstacles that traditional credit reporting creates. With no hard inquiry on the applicant’s credit file, borrowers can protect their existing credit scores while still accessing fast emergency funding.

    By working only with carefully screened, reputable direct lenders, Viva Payday Loans provides customers with:

    • No credit check loans guaranteed approval online with transparent rates
    • Fast and easy online application
    • Same-day or next-business-day funding
    • Clear repayment terms with no surprise fees

    These no credit check emergency loans guaranteed approval allow individuals to pay for critical expenses like rent, medical treatment, or utility bills without the stress of traditional bank denials or complicated loan underwriting.

    ⇒ Personal Loans for Bad Credit with Same Day Funding — Apply Here!

    Meeting Emergency Needs with Speed and Security

    Financial emergencies can happen to anyone. Whether it’s a broken-down car, a medical emergency, or a sudden bill that cannot wait, Viva Payday Loans understands how important speed is. Their new lineup of emergency loan bad credit guaranteed approval services is built for this exact scenario.

    The process is designed to deliver:

    • Emergency loans online guaranteed approval within hours
    • No teletrack or invasive background checks
    • Privacy and data security with encrypted portals
    • Simple repayment options through installment loans for bad credit

    This helps borrowers handle urgent expenses without resorting to high-risk predatory payday lenders. By offering guaranteed loan approval no credit check and legitimate direct lenders, Viva Payday Loans provides a much safer, more predictable path to short-term funding.

    “We have seen too many families torn apart by financial stress,” Carter added. “Our guaranteed approval loans and no credit check loans guaranteed approval direct lender programs are about restoring dignity and giving people a fair chance.”

    ⇒ Apply Now for Personal Loans for Bad Credit and Guaranteed Approval!

    Flexible Personal Loans for Bad Credit with Guaranteed Approval

    For those facing larger expenses, Viva Payday Loans now offers bad credit personal loans guaranteed approval and personal loans for bad credit guaranteed approval online with higher borrowing limits. Unlike payday loans that must be repaid in full on your next paycheck, these installment-style loans allow borrowers to make steady monthly payments over time.

    Highlights include:

    • Loan amounts ranging from $1,000 to $5,000
    • Flexible 3 to 24-month repayment schedules
    • Available nationwide through a trusted network of lenders
    • Zero prepayment penalties
    • No credit check loans guaranteed approval direct lender partnerships

    These high risk personal loans guaranteed approval direct lenders cater to borrowers who have been turned down elsewhere and want a realistic way to manage their budgets. Whether facing an emergency or planning a big life event, these installment loans for bad credit help borrowers rebuild their credit while covering urgent costs.

    ⇒ Same Day No Credit Check Loans — Get Funded Fast!

    What Makes Viva Payday Loans Different?

    In a market filled with questionable lenders, Viva Payday Loans stands apart with its unwavering commitment to transparency and ethical lending practices. The company works only with legit online loans guaranteed approval sources and prioritizes education, ensuring each applicant understands the terms before signing.

    Borrowers benefit from:

    • Fast approvals for guaranteed loan approval no credit check options
    • Upfront fee disclosures
    • Clear APR breakdowns
    • The chance to compare multiple loan offers before deciding
    • Responsive customer service to answer questions

    “We are not here to trap customers in a debt cycle,” explained Carter. “Our job is to connect borrowers with fair, responsible options, including no credit check loans guaranteed approval direct lender resources, so they can solve a problem without creating a bigger one.”

    ⇒ Start Your No Credit Check Loan Application Today with Viva Payday Loans!

    Addressing a National Need: Helping Bad Credit Borrowers Access Guaranteed Approval Loans

    Viva Payday Loans’ 2025 launch comes as more Americans than ever struggle with rising costs and limited credit access. According to the latest national data, millions of borrowers with fair or poor credit cannot qualify for mainstream bank financing, leaving them vulnerable to predatory lenders who charge hidden fees and triple-digit interest rates.

    By introducing a suite of bad credit loans guaranteed approval options, including no credit check loans guaranteed approval online and installment loans for bad credit, Viva Payday Loans is changing that equation. These guaranteed approval loans empower people to get the cash they need, on their terms, without fear of exploitation.

    ⇒ Secure Personal Loans for Bad Credit from a Direct Lender Today!

    “We know life happens,” said Carter. “People should not have to risk their security or dignity to borrow a few hundred or a few thousand dollars in an emergency. With our guaranteed approval loans and no credit check emergency loans guaranteed approval products, we can help consumers get back on track.”

    The company’s partnerships with tribal loans direct lender guaranteed approval and high risk personal loans guaranteed approval direct lenders ensure customers are matched to the right loan type and repayment plan for their situation. Whether the need is a $500 quick loan no credit check for a sudden bill or a larger bad credit personal loan guaranteed approval $5,000 for critical repairs, the options are flexible, secure, and transparent.

    ⇒ Get Same Day Funding Personal Loans for Bad Credit from Viva Payday Loans!

    Growing Demand for Instant Loans Online with Guaranteed Approval

    Consumer data shows that speed is a priority for today’s borrowers. Viva Payday Loans has responded with instant loan solutions, providing approvals and funds in as little as 24 hours through partnerships with instant payday loans online guaranteed approval lenders.

    Key benefits of these programs include:

    • Quick, secure applications from any device
    • Access to emergency loans no credit check within hours
    • Guaranteed approval loans for emergency expenses
    • Direct lender options with clear, consistent terms

    ⇒ Get Same Day Funding on Personal Loans for Bad Credit!

    This emphasis on instant loans online guaranteed approval reflects Viva Payday Loans’ mission to remove unnecessary delays and make sure clients can pay urgent bills, avoid utility shutoffs, or keep their vehicles running with minimal stress.

    “Emergencies don’t wait,” said Carter. “Our personal loans for bad credit guaranteed approval and emergency loan bad credit guaranteed approval programs are about putting money in people’s hands when they actually need it.”

    ⇒ Direct Lender No Credit Check Loans — Apply for Guaranteed Approval!

    Commitment to Consumer Education and Responsible Lending

    As part of the 2025 launch, Viva Payday Loans is also rolling out a comprehensive education initiative to help borrowers understand their options. Topics include:

    • How to use no credit check loans guaranteed approval responsibly
    • Building a repayment strategy
    • Avoiding high-risk debt cycles
    • Recognizing the differences between guaranteed approval loans and predatory payday products

    The company’s goal is to help each applicant choose a personal loan or installment loan that fits their life, not one that creates long-term hardship.

    Through articles, videos, and live support, Viva Payday Loans aims to teach customers how to evaluate no credit check loans guaranteed approval direct lender terms and avoid scams in the marketplace.

    ⇒ Get Personal Loans for Bad Credit — Guaranteed Approval Today!

    Partnership Highlights for 2025

    Viva Payday Loans has partnered with a network of highly trusted lenders for 2025, focusing on ethical, transparent lending. These partners include:

    • Tribal loans direct lender guaranteed approval specialists
    • High risk personal loans guaranteed approval direct lenders
    • Legit online loans guaranteed approval networks
    • No credit check loans guaranteed approval online providers

    By leveraging these partnerships, Viva Payday Loans ensures a broad range of options for applicants, from bad credit auto loans guaranteed approval to emergency loans online guaranteed approval and even bad credit mortgage loans guaranteed approval through specialized lending sources.

    “We are committed to providing every applicant — no matter their credit score — a fair, respectful, and dignified experience,” emphasized Carter.

    ⇒ Get Fast No Credit Check Loans Same Day Approval via Viva Payday Loans!

    More About Viva Payday Loans’ 2025 Mission

    As a trusted voice in the short-term lending space, Viva Payday Loans wants to rebuild confidence for people who have been left behind by traditional banks. Their mission is clear: to deliver personal loans for bad credit guaranteed approval online with fairness, transparency, and speed.

    By 2025, Viva Payday Loans has positioned itself as a champion of borrower rights, fighting against predatory lending practices and supporting educational initiatives. From guides about guaranteed loan approval no credit check to step-by-step tools for evaluating interest rates, the brand aims to give every applicant the knowledge to make empowered decisions.

    Viva Payday Loans also announced that it will roll out even more no credit check loans guaranteed approval online resources, expanding video tutorials, financial literacy workshops, and partnerships with community non-profits.

    “Education is the foundation,” emphasized Carter. “A payday loan or installment loan should solve a short-term problem, not create a lifelong trap. That’s why we work with the most transparent no credit check loans guaranteed approval direct lender partners in the country.”

    ⇒ Secure Guaranteed Approval No Credit Check Loans at Viva Payday Loans

    Empowering Consumers with Transparent Lending

    Through its guaranteed approval programs, Viva Payday Loans is rewriting what people think about emergency loans. Many consumers believe “no credit check loans” or “bad credit personal loans” automatically mean sky-high interest rates and endless debt cycles. Viva Payday Loans is working to break that myth.

    By partnering with direct lenders that follow fair-lending rules and consumer-protection guidelines, the company helps borrowers get the help they need without falling into shady, high-pressure repayment plans.

    Applicants can compare multiple offers on one secure platform, review installment loans for bad credit options, and ask questions before accepting a loan. In this way, Viva Payday Loans combines the power of fintech with a human-centered approach to lending.

    ⇒ No Credit Check Loans with Same Day Funding — Apply Instantly!

    A Look at Future Lending Innovations

    Beyond 2025, Viva Payday Loans is planning new tools to expand guaranteed approval services even further. Potential future expansions may include:

    • Bad credit auto loans guaranteed approval
    • Bad credit mortgage loans guaranteed approval
    • Guaranteed installment loans for bad credit direct lenders only
    • Tribal loans direct lender guaranteed approval with no teletrack
    • More advanced fraud prevention tools
    • Expanded partnerships with regional community lenders

    These forward-thinking products will help meet diverse borrower needs while maintaining the same core principles of speed, transparency, and trust.

    “We will continue to innovate,” Carter confirmed. “Our customers deserve options, fairness, and dignity. That is exactly what we intend to deliver.”

    ⇒ Personal Loans for Bad Credit — Start with a Direct Lender Today!

    Key Benefits of Viva Payday Loans in 2025

    To summarize, here’s what borrowers can expect from Viva Payday Loans:

    • ✅ Guaranteed approval for a wide range of loan types, including installment loans for bad credit and no credit check loans guaranteed approval direct lender programs.
    • ✅ Access to tribal loans direct lender guaranteed approval no teletrack lenders, expanding flexibility for more borrowers.
    • ✅ Options for $1,000 quick loan no credit check and up to $5,000 bad credit personal loans guaranteed approval.
    • ✅ Secure, encrypted applications available online 24/7.
    • ✅ Partnerships with only legit online loans guaranteed approval networks that meet ethical standards.
    • ✅ Fast decisions — often within minutes — and funding possible in less than one business day.
    • ✅ Transparent fees, no hidden costs, and no pressure tactics.

    ⇒ Get Guaranteed Approval No Credit Check Loans — Apply Today!

    Final Thoughts: Reimagining Access to Emergency Credit in 2025

    With its expanded offerings of personal loans for bad credit guaranteed approval, no credit check loans guaranteed approval direct lender programs, and emergency loan bad credit guaranteed approval solutions, Viva Payday Loans is rewriting the rules of short-term lending in 2025.

    Borrowers no longer have to rely on inflexible, outdated systems or face rejection due to past credit mistakes. Whether you’re seeking online loans for bad credit guaranteed approval, instant payday loans online guaranteed approval, or no credit check installment loans guaranteed approval direct lender options, Viva Payday Loans provides access to fast funding from sources that prioritize clarity and fairness.

    “At the end of the day, this is about giving people back control of their lives,” said Jessica Carter, Viva Payday Loans’ Senior Product Manager. “We believe that a denied credit score should not mean a denied future. With our expanded lineup of guaranteed approval loans, people can now get real help — without shame, without delays, and without unreasonable terms.”

    ⇒ Direct Lender No Credit Check Loans with Same Day Approval — Apply Today!

    Frequently Asked Questions

    To further support transparency for consumers, Viva Payday Loans includes these frequently asked questions as part of its 2025 launch announcement:

    What does “personal loans for bad credit guaranteed approval” really mean?

    Personal loans for bad credit guaranteed approval refer to financial products specifically built for individuals with low or damaged credit scores. With Viva Payday Loans, these loans come with a guaranteed evaluation and a streamlined approval process, so more applicants can be considered fairly.

    Are no credit check loans guaranteed approval direct lender options safe?

    Yes, when you work with a trusted brand like Viva Payday Loans, no credit check loans guaranteed approval direct lender options are designed to be safe. The lenders are carefully screened, use transparent pricing, and comply with strict data protection standards.

    Can I really get an emergency loan bad credit guaranteed approval on the same day?

    In many cases, yes. Viva Payday Loans works with lenders who provide emergency loans online guaranteed approval with funding in as little as 24 hours. In some cases, you may see same-day payouts depending on your bank’s processing times.

    What is the difference between installment loans for bad credit and payday loans?

    An installment loan for bad credit offers a repayment plan spread over weeks or months, while a payday loan is usually due in full on your next paycheck. Viva Payday Loans offers both options, but encourages borrowers to consider installment loans for bad credit as they tend to be more manageable and predictable.

    Are there no credit check emergency loans guaranteed approval?

    Yes, Viva Payday Loans connects borrowers with lenders who do not perform a hard credit pull, providing no credit check emergency loans guaranteed approval to help you avoid damaging your credit score further.

    How much can I borrow with personal loans for bad credit guaranteed approval?

    Loan amounts typically range from $300 to $5,000, depending on income, state rules, and lender criteria. Higher amounts may be available through bad credit personal loans guaranteed approval $5,000 offers.

    What makes Viva Payday Loans different from other online loan services?

    Viva Payday Loans is committed to responsible lending, working only with legit, transparent guaranteed approval loans providers. There are no hidden fees, and you can compare offers in real time without pressure.

    Media Contact & Further Information

    About Viva Payday Loans:

    Viva Payday Loans is a U.S.-based loan connection service specializing in responsible short-term lending solutions, including no credit check loans guaranteed approval, bad credit personal loans guaranteed approval, and emergency loan bad credit guaranteed approval options. Committed to ethical lending and consumer empowerment, Viva Payday Loans connects borrowers with reliable, licensed lenders in real time.

    Media Contact:
    Company: Viva Payday Loans
    Attn: Jessica Carter, Senior Product Manager
    Email: media@vivapaydayloans.com
    Address: 1801 Norman Street, Los Angeles, CA 90022, USA
    Phone: +1 323-278-4198
    Website: https://www.vivapaydayloans.com

    Disclaimer & Affiliate Disclosure
    This article is intended for informational and commercial purposes only. It does not constitute financial advice, legal counsel, or an endorsement of any particular loan provider. While reasonable efforts have been made to ensure the accuracy and relevance of the information presented, neither the author nor any affiliated third parties guarantee its completeness, accuracy, or timeliness. Readers are strongly advised to conduct their own research and consult with a qualified financial advisor, legal professional, or other appropriate expert before making any financial decisions.
    Please note that the products and services referenced herein—including personal loans and payday lending platforms—may not be suitable for everyone. Loan terms, eligibility criteria, and interest rates differ by lender and jurisdiction. Loan approval is not guaranteed, and is subject to each lender’s verification process, which may include evaluation of location, identity, income, creditworthiness, and regulatory compliance.
    This content may include affiliate links. If you press on one of these links and proceed to apply for or purchase a product or service, the publisher and its partners may earn a commission at no extra cost to you. This has no impact on editorial content, integrity, or recommendations provided. All opinions expressed are general in nature and do not necessarily reflect the views of any specific lender unless otherwise stated.
    By accessing or interacting with this content, you acknowledge and agree that the publisher, content creators, affiliates, distribution partners, and third-party networks bear no responsibility for inaccuracies, omissions, outdated information, or any losses—financial or otherwise—arising from your use of the information provided. This includes but is not limited to declined applications, financial disputes, or loan contract issues with lenders.
    References to companies such as “Viva Payday Loans” are made for informational comparison only and do not imply endorsement, affiliation, or legal partnership. For questions or concerns regarding a particular product or service, please contact the respective provider directly using their official contact information.
    All trademarks, service marks, and company names mentioned are the property of their respective owners.

    Attachment

    The MIL Network –

  • MIL-OSI Analysis: The UK has published a ten-year industrial strategy to boost key sectors of the economy – here’s what the experts think

    Source: The Conversation – UK – By Michael A. Lewis, Professor of Operations and Supply Management, University of Bath

    PBabic/Shutterstock

    The UK government has published a ten-year strategy outlining how it aims to boost productivity and innovation across eight key sectors of the economy. From the future of AI to energy security and net zero, it’s a broad and ambitious plan. Our experts assess what it tells us about how the UK economy – and the jobs it offers – could look in future.

    Nuclear placed firmly in the centre of the UK’s low-carbon future

    Doug Specht, Reader in Cultural Geography and Communication, University of Westminster

    For clean energy and industrial growth, the strategy presents an ambitious and comprehensive vision. And it seeks to establish the UK as a global leader in clean energy manufacturing and innovation. A key strength lies in its substantial investment commitments, however this includes £14.2 billion for the controversial Sizewell C nuclear power station and more than £2.5 billion for a Small Modular Reactor (SMR) programme.

    Nuclear energy remains controversial – nevertheless, the strategy firmly places it as a central pillar for low-carbon, reliable energy and national security.

    The strategy also targets high-growth sectors, prioritises regional development and introduces support schemes and regulatory reforms to tackle high electricity costs for industry, and slow grid connections. Yet despite these potential strengths, there are notable challenges. Implementation risks are significant, given the ten-year timeframe and potential shifts in political priorities.

    And regional disparities and social inequalities may not be fully addressed, as the focus is on high-potential city regions. Some areas could be left behind. Skills shortages in engineering and digital sectors persist, and there is not enough detail on reskilling and lifelong learning. The importance of supply chain resilience, especially for the critical minerals needed for the green transition is acknowledged but not fully assured.

    Overall, the strategy is ambitious and well-structured. But a reliance on nuclear rather than true renewables is seeking a quick win with high risks and high costs. A more radical and inclusive plan that expanded green infrastructure, and provided details of resilient growth across all regions and sectors, would have been welcomed.



    Read more:
    Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it

    An innovation boost for the UK’s world-leading creative industries

    Bernard Hay, Head of Policy at the Creative Industries Policy and Evidence Centre, Newcastle University

    The plan for the creative industries is a significant step forward for this critical sector. With multiple new commitments announced on areas ranging from scale-up finance and AI to skills, exports and freelance support, there is a lot to welcome for the sector. After all, it already accounts for over 5% of the UK’s annual gross value added (or GVA – which measures the value of goods and services) and 14% of its services exports.

    One key aspect is boosting creative industries’ research and development (R&D), which is a driver of innovation, productivity and growth. This includes £100 million for the Arts and Humanities Research Council’s clusters programme, which supports location-based, creative R&D partnerships between universities and industry.

    And by the end of the year, HMRC will publish clarification on what types of activity are eligible for R&D tax relief, to include arts activities that meet certain criteria. This is a nuanced change, but together with the other plans, it could have a catalytic effect on innovation in the sector.

    Supporting regional creative economies is a golden thread running through this plan. A new £4 billion group capital initiative from the British Business Bank, announced earlier in the spending review, will be an important source of scale-up finance for small and medium-sized creative businesses that face barriers in accessing capital.

    It is also welcome to see the government both increasing creative industries investment in several city-regions and supporting places to join up and work together through “creative corridors”. Coupled with the ongoing devolution of powers and funding in England, the next decade provides a huge opportunity for local policy innovation. This includes sharing and scaling proven strategies in growing regional creative economies.

    An effective industrial strategy relies on high-quality data and analysis to support it. This is especially true when dealing with a rapidly evolving part of the economy such as the creative industries. The new plan includes commitments to strengthen the evidence base, including by increasing access to official statistics. This is good news not only for researchers, but for the whole sector.

    The Lowry in Salford is part of a creative cluster in the north-west of England.
    Debu55y/Shutterstock

    Advanced manufacturing: promising plans, but persistent problems

    Michael Lewis, Professor of Operations and Supply Management, University of Bath

    The government plans to invest £4.3 billion in advanced manufacturing. This covers research-driven production in sectors including automotive, aerospace and advanced materials (engineered substances that are especially useful in these industries). Some firms may also get energy cost relief through green levy exemptions.

    A long-term plan is overdue, but the challenges are huge. Automotive production is targeted to rise substantially, but the sector will still depend heavily on a range of critical imports. The aerospace sector will start 40,000 apprenticeships by 2035, yet further education funding remains below 2010 levels. Much of the promised investment appears to be the repackaging of existing funding.

    Most importantly, how to deliver these changes remains unclear. There are good ideas, like £99 million to expand the relatively successful Made Smarter Adoption programme to help small and medium-sized enterprises employ digital technology. But when helping small firms adopt basic digital tools counts as policy success, it shows how far UK manufacturing has fallen behind competitors. Likewise, when you need a new “connections accelerator service” just to help companies connect to the grid, it shows the scale of basic infrastructure problems that undermine grander ambitions.

    Overall, the strategy marks real progress. However, without clear delivery plans, it reads more like a wish list than an action plan. This explains why industry reactions have been cautiously optimistic at best.

    A chance to take the lead in the global AI race

    Kamran Mahroof, Associate Professor of Supply Chain Analytics and Programme Leader for the MSc in the Applied Artificial Intelligence and Data Analytics, University of Bradford

    From a digital and technologies perspective, the industrial strategy appears to signal a strong commitment to anchoring the nation at the forefront of the global AI race. The proposed Sovereign AI Unit shows an intent to ensure national control and access to critical AI infrastructure, computational power and expertise.

    This is pivotal, not only for research and development, but also for national security and economic resilience in an increasingly AI-driven world. It points to a recognition that relying solely on external providers for cutting-edge AI capabilities carries inherent risks.

    Besides, some of the world’s most innovative AI businesses are based in the UK. British companies are pushing the limits of what is feasible, from Synthesia’s advances in synthetic media to DeepMind’s developments in machine learning. In sectors including public safety, insurance and defence, smaller firms like Faculty, Tractable and Mind Foundry are also having a significant impact.

    Complementing this, the AI Growth Zones are designed to act as regional magnets for investment and innovation, particularly in the realm of data centres and high-density computational facilities. By streamlining planning and providing preferential access to energy, these zones could accelerate the development of the physical infrastructure needed.

    This decentralised approach has received more than 200 bids already from local authorities. It also has the potential to spread the economic benefits of AI beyond established tech hubs, encouraging new regional powerhouses and creating high-skilled jobs right across the UK.

    Taken as a whole, these projects show a deliberate effort to develop core competencies and draw in private-sector funding. This puts the UK in a position to benefit from AI’s potential. This effort to develop national AI capabilities is not a new idea – it echoes the US AI executive order and the EU’s AI Act.

    However, given the dominance of global tech giants, the UK needs to define “sovereignty” in practice and decide whether it is willing to provide large-scale funding. At a time when debates continue around the UK’s defence budget — a field now deeply intertwined with AI – more transparency is needed on how these ambitions will be funded.

    Growth plans for financial services – and moves to share the benefits beyond London

    Sarah Hall, 1931 Professor of Geography, University of Cambridge

    One of the most striking elements of the new plan is that it places financial services much more centrally compared to previous approaches.

    There are good reasons for doing this. Financial services are a vital component of the UK economy, contributing close to 9% of economic output in 2023. Clearly then, an industrial strategy without one of the most important economic sectors would make little sense.

    There is also a welcome emphasis on the ways in which financial services can grow, not only as a sector in its own right, but also to be better integrated in supporting the growth of other parts of the economy. Some important policy moves have already been announced, such as changes to pension funds aimed at increasing their investment in large infrastructure projects.

    In order to meet these ambitions, the strategy is right to note that financial services need to be supported, not only in London but also across the many clusters around the UK. These include, for example, Edinburgh, Manchester and Bristol.

    There will be more details in the sector plan, released alongside Chancellor Rachel Reeves’ Mansion House speech on July 15. At that point, we will be able to assess the measures intended to grapple with two longstanding issues for UK financial services. That is, how does the government bridge the gap between finance and the “real” economy (goods and non-financial services)? And how does it bridge the gap between London and the rest of the UK?

    Michael A. Lewis receives funding from AHRC, EPSRC and ESRC.

    Bernard Hay is Head of Policy at the Creative PEC, a partnership between Newcastle University and the Royal Society of Arts, which is funded by the UKRI via Arts and Humanities Research Council.

    Sarah Hall receives funding from an ESRC Fellowship grant.

    Doug Specht and Kamran Mahroof do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. The UK has published a ten-year industrial strategy to boost key sectors of the economy – here’s what the experts think – https://theconversation.com/the-uk-has-published-a-ten-year-industrial-strategy-to-boost-key-sectors-of-the-economy-heres-what-the-experts-think-259741

    MIL OSI Analysis –

  • MIL-OSI Analysis: The UK has published a ten-year industrial strategy to boost key sectors of the economy – here’s what the experts think

    Source: The Conversation – UK – By Michael A. Lewis, Professor of Operations and Supply Management, University of Bath

    PBabic/Shutterstock

    The UK government has published a ten-year strategy outlining how it aims to boost productivity and innovation across eight key sectors of the economy. From the future of AI to energy security and net zero, it’s a broad and ambitious plan. Our experts assess what it tells us about how the UK economy – and the jobs it offers – could look in future.

    Nuclear placed firmly in the centre of the UK’s low-carbon future

    Doug Specht, Reader in Cultural Geography and Communication, University of Westminster

    For clean energy and industrial growth, the strategy presents an ambitious and comprehensive vision. And it seeks to establish the UK as a global leader in clean energy manufacturing and innovation. A key strength lies in its substantial investment commitments, however this includes £14.2 billion for the controversial Sizewell C nuclear power station and more than £2.5 billion for a Small Modular Reactor (SMR) programme.

    Nuclear energy remains controversial – nevertheless, the strategy firmly places it as a central pillar for low-carbon, reliable energy and national security.

    The strategy also targets high-growth sectors, prioritises regional development and introduces support schemes and regulatory reforms to tackle high electricity costs for industry, and slow grid connections. Yet despite these potential strengths, there are notable challenges. Implementation risks are significant, given the ten-year timeframe and potential shifts in political priorities.

    And regional disparities and social inequalities may not be fully addressed, as the focus is on high-potential city regions. Some areas could be left behind. Skills shortages in engineering and digital sectors persist, and there is not enough detail on reskilling and lifelong learning. The importance of supply chain resilience, especially for the critical minerals needed for the green transition is acknowledged but not fully assured.

    Overall, the strategy is ambitious and well-structured. But a reliance on nuclear rather than true renewables is seeking a quick win with high risks and high costs. A more radical and inclusive plan that expanded green infrastructure, and provided details of resilient growth across all regions and sectors, would have been welcomed.



    Read more:
    Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it

    An innovation boost for the UK’s world-leading creative industries

    Bernard Hay, Head of Policy at the Creative Industries Policy and Evidence Centre, Newcastle University

    The plan for the creative industries is a significant step forward for this critical sector. With multiple new commitments announced on areas ranging from scale-up finance and AI to skills, exports and freelance support, there is a lot to welcome for the sector. After all, it already accounts for over 5% of the UK’s annual gross value added (or GVA – which measures the value of goods and services) and 14% of its services exports.

    One key aspect is boosting creative industries’ research and development (R&D), which is a driver of innovation, productivity and growth. This includes £100 million for the Arts and Humanities Research Council’s clusters programme, which supports location-based, creative R&D partnerships between universities and industry.

    And by the end of the year, HMRC will publish clarification on what types of activity are eligible for R&D tax relief, to include arts activities that meet certain criteria. This is a nuanced change, but together with the other plans, it could have a catalytic effect on innovation in the sector.

    Supporting regional creative economies is a golden thread running through this plan. A new £4 billion group capital initiative from the British Business Bank, announced earlier in the spending review, will be an important source of scale-up finance for small and medium-sized creative businesses that face barriers in accessing capital.

    It is also welcome to see the government both increasing creative industries investment in several city-regions and supporting places to join up and work together through “creative corridors”. Coupled with the ongoing devolution of powers and funding in England, the next decade provides a huge opportunity for local policy innovation. This includes sharing and scaling proven strategies in growing regional creative economies.

    An effective industrial strategy relies on high-quality data and analysis to support it. This is especially true when dealing with a rapidly evolving part of the economy such as the creative industries. The new plan includes commitments to strengthen the evidence base, including by increasing access to official statistics. This is good news not only for researchers, but for the whole sector.

    The Lowry in Salford is part of a creative cluster in the north-west of England.
    Debu55y/Shutterstock

    Advanced manufacturing: promising plans, but persistent problems

    Michael Lewis, Professor of Operations and Supply Management, University of Bath

    The government plans to invest £4.3 billion in advanced manufacturing. This covers research-driven production in sectors including automotive, aerospace and advanced materials (engineered substances that are especially useful in these industries). Some firms may also get energy cost relief through green levy exemptions.

    A long-term plan is overdue, but the challenges are huge. Automotive production is targeted to rise substantially, but the sector will still depend heavily on a range of critical imports. The aerospace sector will start 40,000 apprenticeships by 2035, yet further education funding remains below 2010 levels. Much of the promised investment appears to be the repackaging of existing funding.

    Most importantly, how to deliver these changes remains unclear. There are good ideas, like £99 million to expand the relatively successful Made Smarter Adoption programme to help small and medium-sized enterprises employ digital technology. But when helping small firms adopt basic digital tools counts as policy success, it shows how far UK manufacturing has fallen behind competitors. Likewise, when you need a new “connections accelerator service” just to help companies connect to the grid, it shows the scale of basic infrastructure problems that undermine grander ambitions.

    Overall, the strategy marks real progress. However, without clear delivery plans, it reads more like a wish list than an action plan. This explains why industry reactions have been cautiously optimistic at best.

    A chance to take the lead in the global AI race

    Kamran Mahroof, Associate Professor of Supply Chain Analytics and Programme Leader for the MSc in the Applied Artificial Intelligence and Data Analytics, University of Bradford

    From a digital and technologies perspective, the industrial strategy appears to signal a strong commitment to anchoring the nation at the forefront of the global AI race. The proposed Sovereign AI Unit shows an intent to ensure national control and access to critical AI infrastructure, computational power and expertise.

    This is pivotal, not only for research and development, but also for national security and economic resilience in an increasingly AI-driven world. It points to a recognition that relying solely on external providers for cutting-edge AI capabilities carries inherent risks.

    Besides, some of the world’s most innovative AI businesses are based in the UK. British companies are pushing the limits of what is feasible, from Synthesia’s advances in synthetic media to DeepMind’s developments in machine learning. In sectors including public safety, insurance and defence, smaller firms like Faculty, Tractable and Mind Foundry are also having a significant impact.

    Complementing this, the AI Growth Zones are designed to act as regional magnets for investment and innovation, particularly in the realm of data centres and high-density computational facilities. By streamlining planning and providing preferential access to energy, these zones could accelerate the development of the physical infrastructure needed.

    This decentralised approach has received more than 200 bids already from local authorities. It also has the potential to spread the economic benefits of AI beyond established tech hubs, encouraging new regional powerhouses and creating high-skilled jobs right across the UK.

    Taken as a whole, these projects show a deliberate effort to develop core competencies and draw in private-sector funding. This puts the UK in a position to benefit from AI’s potential. This effort to develop national AI capabilities is not a new idea – it echoes the US AI executive order and the EU’s AI Act.

    However, given the dominance of global tech giants, the UK needs to define “sovereignty” in practice and decide whether it is willing to provide large-scale funding. At a time when debates continue around the UK’s defence budget — a field now deeply intertwined with AI – more transparency is needed on how these ambitions will be funded.

    Growth plans for financial services – and moves to share the benefits beyond London

    Sarah Hall, 1931 Professor of Geography, University of Cambridge

    One of the most striking elements of the new plan is that it places financial services much more centrally compared to previous approaches.

    There are good reasons for doing this. Financial services are a vital component of the UK economy, contributing close to 9% of economic output in 2023. Clearly then, an industrial strategy without one of the most important economic sectors would make little sense.

    There is also a welcome emphasis on the ways in which financial services can grow, not only as a sector in its own right, but also to be better integrated in supporting the growth of other parts of the economy. Some important policy moves have already been announced, such as changes to pension funds aimed at increasing their investment in large infrastructure projects.

    In order to meet these ambitions, the strategy is right to note that financial services need to be supported, not only in London but also across the many clusters around the UK. These include, for example, Edinburgh, Manchester and Bristol.

    There will be more details in the sector plan, released alongside Chancellor Rachel Reeves’ Mansion House speech on July 15. At that point, we will be able to assess the measures intended to grapple with two longstanding issues for UK financial services. That is, how does the government bridge the gap between finance and the “real” economy (goods and non-financial services)? And how does it bridge the gap between London and the rest of the UK?

    Michael A. Lewis receives funding from AHRC, EPSRC and ESRC.

    Bernard Hay is Head of Policy at the Creative PEC, a partnership between Newcastle University and the Royal Society of Arts, which is funded by the UKRI via Arts and Humanities Research Council.

    Sarah Hall receives funding from an ESRC Fellowship grant.

    Doug Specht and Kamran Mahroof do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. The UK has published a ten-year industrial strategy to boost key sectors of the economy – here’s what the experts think – https://theconversation.com/the-uk-has-published-a-ten-year-industrial-strategy-to-boost-key-sectors-of-the-economy-heres-what-the-experts-think-259741

    MIL OSI Analysis –

  • MIL-OSI USA: Supreme Court Upholds Constitutionality of Universal Service Fund: Congress must ensure its stability into the future

    Source: Communications Workers of America

    WASHINGTON, D.C. – In response to the Supreme Court’s opinion issued today in Consumers’ Research v. Federal Communications Commission considering the constitutionality of the Universal Service Fund, the Communications Workers of America (CWA) releases the following statement:
     

    The Supreme Court upheld what most observers know to be true: the federal Universal Service Fund (USF) is fully constitutional. As the amicus brief signed by CWA explained, “Universal service principles have been a key element of American communications policy since the nation’s founding.”

     

    While the legality of the Fund’s structure should never have been in doubt, the communications industry has changed since the USF was originally created in 1996. As technicians and customer service representatives in the telecommunication industry, CWA members see the positive impact of the USF every day. We also recognize that broadband internet and other emerging technologies now play a central role in our daily lives. It’s time for Congress to recognize this and take action to modernize the contribution mechanism supporting the fund to ensure that these essential services are available and affordable for all Americans.

     

    We are gratified that Chair and Ranking Member of the Senate Telecommunications and Media Subcommittee, Senator Deb Fischer (R-NE) and Ben Ray Luján (D-NM), along with House Communications and Technology Subcommittee Chair Richard Hudson (R-NC9) and Ranking Member Doris Matsui (D-CA7), have re-started the Universal Service Fund Working Group. The working group puts Congress in a good position to take the action needed.

     

    This round of litigation and briefing before the Supreme Court emphasized that support for the Universal Service Fund and the programs it supports are strong and broadly held. Companies and organizations as diverse as the U.S. Chamber of Commerce, the Lawyers Committee for Civil Rights Under Law, the National Foreign Trade Council, NCTA – The Internet & Television Association, the School Superintendents Association and the American Library Association, filed amicus briefs in support of the constitutionality of the fund, and illustrating the many devastating consequences that would arise if it failed.

     

    CWA members stand ready to ensure that the USF is used to provide support to building and maintaining high-quality, fiber broadband infrastructure in rural and remote areas of the country and that low-income households can afford to purchase those services. Without such a network that reaches everyone and that everyone can afford, the well-being of our communities and our nation will be under threat.

     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: NEA statement on Supreme Court decision to maintain E-Rate

    Source: US National Education Union

    WASHINGTON—The U.S. Supreme Court today ruled 6-3 in Federal Communications Commission v. Consumers’ Research, upholding the constitutionality of the Universal Service Fund and ensuring the federal E-Rate program would stay intact. The ruling is a win for students and educators everywhere by helping them to open the door to online learning with affordable and accessible high-speed broadband and telecommunications services. Recent research reveals an estimated 25% of all school-aged children live in households without broadband access or a web-enabled device such as a computer or tablet. The National Education Association joined a broad-based coalition of education groups in filing an amicus brief in the case, asking the court to uphold the critical funding source for these vital programs that students depend on.

    The following statement can be attributed to NEA President Becky Pringle: 

    “No matter where students live, connectivity is critical to conducting research, doing homework, and attending virtual classes. For some, the internet, tablets, and computers like Chromebooks or laptops are simply too expensive. Oftentimes, multiple people in the same household have to share one or two devices with limited access and time to do homework, research, and refine skills essential to learning. Others lack access to sufficient broadband infrastructure. Federal programs like E-Rate help schools purchase and provide Wi-Fi hotspots, connected devices, and other necessary technology all our students need to learn, grow, and thrive. The Supreme Court’s decision today protects Congress’s commitment through the federal E-Rate program to provide students with these vital educational resources.”

    Follow us on Blueskey at https://bsky.app/profile/neapresident.bsky.social and https://bsky.app/profile/neatoday.bsky.social  

    # # #

    The National Education Association is the nation’s largest professional employee organization, representing more than 3 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators, students preparing to become teachers, healthcare workers, and public employees. Learn more at www.nea.org.

    MIL OSI USA News –

  • MIL-OSI Canada: Government Announces Over $640,000 in Additional Investments to Address Gender Based Violence

    Source: Government of Canada regional news

    Released on June 27, 2025

    The Government of Saskatchewan continues to implement the National Action Plan to End Gender-based Violence with a new investment of over $640,000 to support four unique initiatives administered by community-based organizations and the agencies that support them. These funds are in addition to the $3.8 million provided to 16 agencies across Saskatchewan announced in early 2025.

    The National Action Plan to End Gender-based Violence is a ten-year collaborative framework for a national approach to ending gender-based violence. The Government of Canada has provided Saskatchewan $20.3 million over four years to implement new initiatives that create opportunities for action. 

    “We are proud to empower and support community-based organizations across the province as they create programs, provide services and research new practices to build safe communities,” Justice Minister and Attorney General Tim McLeod, K.C. said. “This increased investment will strengthen outreach and provide families with the tools they need to build a successful path forward.”

    This funding will be provided to the following community-based organizations and agencies that support them to develop new initiatives:

    • Building Active Bystanders Training Program (ChangeMakers – $313,960): This funding is being provided to Changemakers to develop a Building Active Bystanders program, which will teach people how to safely intervene in and report incidents involving interpersonal violence.
       
    • Indigenous Led Approaches to Addressing Gender-based Violence: Through this initiative, a total of $120,000 will be provided to three agencies to enhance support for Indigenous approaches to gender-based violence.
    • Federation of Sovereign Indigenous Nations (FSIN) ($40,000): The Saskatchewan First Nations Women’s Commission will guide the FSIN Women’s Secretariat in developing a strategy for addressing gender-based violence in Urban and Rural First Nation communities.
       
    • YWCA Regina ($40,000): YWCA Regina will support the Bridging Culture and Care project with an Elder in Residence and traditional healing sessions with All Nations Hope Network. 
       
    • YWCA Saskatoon ($40,000): YWCA Saskatoonwill lead an initiative to train staff on how to provide culturally appropriate services and furnish and decorate new transitional housing in a culturally appropriate way for Indigenous clients.
    • Safe and Together Model Evaluation (Qatalyst Group – $110,566): The Ministry of Justice and Attorney General and the Ministry of Social Services will provide funding to Qatalyst to evaluate the Safe and Together program, which works to improve collaboration among service providers in addressing the actions and behaviours of perpetrators of violence. 
    • Maddison Sessions Conference (Buckspring Foundation, $100,000): The Maddison Sessons Conference was hosted in Saskatoon in April of 2025. The event provided strong networking opportunities and promoted an exchange of ideas among those working in the area of gender-based violence, law enforcement, lawyers and advocates.  

    “Saskatchewan’s implementation of the National Action Plan to End Gender-based Violence is focused on prevention, this includes expanding awareness and education, increasing Indigenous-led approaches and support for survivors,” Minister Responsible for the Status of Women Alana Ross said. “This additional funding will help these community-based organizations continue to deliver service and supports that will build a safer Saskatchewan, free of interpersonal violence and abuse.”

    “Funding through the National Action Plan to End Gender-based Violence is crucial to the YWCA’s ability to ensure that women and children experiencing violence have access to culturally appropriate healing and can make lifelong connections with Indigenous community and support,” YWCA Regina Chief Executive Officer Melissa Coomber-Bendtsen said. “This impact ensures sustainable support as women navigate their healing journey.”

    This year, the Government of Saskatchewan is dedicating approximately $32 million to partners that facilitate interpersonal violence programs and services through the justice system. This includes $14.2 million per year being provided to community-based partners, over $4.1 million in funding through the National Action Plan to End Gender-based Violence, annualized funding for second-stage shelters, and additional funding for Victims Services and other important supports.

    “Local, community-based solutions are how we move forward – and that is exactly what this investment supports,” Federal Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism) Rechie Valdez said. “Through the National Action Plan to End Gender-based Violence, the Government of Canada is working alongside organizations in Saskatchewan to help build programs that reflect people’s lived experiences, meet survivors where they are, and create safer communities for women, girls, and 2SLGBTQI+ people across the province.”

    For additional information about Saskatchewan’s work under the National Action Plan to End Gender-based Violence, visit:

    Major Investments Made to End Gender based Violence | News and Media | Government of Saskatchewan.

    Province Invests $1.2 Million to Support Survivors of Human Trafficking | News and Media | Government of Saskatchewan.

    Saskatchewan Supports National Action Plan to End Gender-based Violence | News and Media | Government of Saskatchewan.

    -30-

    For more information, contact:

    MIL OSI Canada News –