Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

OneMain announces $50 million commitment to support minority depository institutions and veterans

OneMain Financial, the leader in offering nonprime customers responsible access to credit, announced today that it has committed $50 million dollars to support minority depository institutions (MDIs) and military veterans.

The company’s $50 million commitment is managed in equal parts through two J.P. Morgan Asset Management programs. The first $25 million is deposited in the Empower money market share class to benefit two MDIs selected by OneMain: Sunstate Bank, based in Florida, and First Independence Bank, based in Michigan. These banks provide financial services in underserved communities. The other $25 million is deposited in the Academy money market share class – a partnership with Academy Securities, a disabled veteran-owned and operated investment bank – to support training and services to veterans, including job placement and transition services for veterans moving from active duty to civilian life.

“OneMain is focused on aligning our cash management strategy with our mission to improve the financial well-being of hardworking Americans, particularly those in underserved communities. Our recent commitments in support of minority depository institutions and military veterans are designed to help communities become more financially secure and build stronger economic futures,” said OneMain Chairman and CEO Doug Shulman.

OneMain has a significant presence in the states where Sunstate Bank and First Independence Bank are located, operating 70 branches and employing more than 400 team members in Florida, and operating 25 branches and employing about 150 team members in Michigan.

“It is great to see the leadership of OneMain Financial taking proactive steps to demonstrate inclusion. The collaboration between J.P. Morgan’s Empower share class with OneMain creates new opportunities for institutions like First Independence Bank. The interdependence in finance is critical to create inclusion that is sustainable,” said Kenneth Kelly, Chairman and CEO of First Independence.

“As we focus on providing capital and financial services to our community, OneMain’s investment in J.P. Morgan’s Empower share class will expand our reach in helping underserved populations across the state of Florida,” said Lloyd DeVaux, President and CEO of Sunstate Bank. “We continue to focus on making progress on our mission to provide equitable access to resources and are empowered by the support of institutions like J.P. Morgan and OneMain Financial.”

“Academy Securities has been honored to share our social mission to benefit veteran hiring initiatives with OneMain. Over the years of our partnership, OneMain has consistently set a clear and elevated standard in fostering opportunities for individuals and organizations that represent and evangelize the value of military veterans and their service. As part of OneMain’s commitment to social responsibility, Academy serves to deliver impact by reinvesting in our platform and creating frameworks for transitioning veterans to build career equity, post service to nation,” said Chance Mims, CEO of Academy Securities.

OneMain continues to expand opportunities for underserved borrowers through its impact investment strategy. In 2021, the company issued a $750 million Social Bond to serve credit-disadvantaged communities around the country, with a focus on women and minority customers. OneMain deepened this commitment in 2022 with a $600 million Social ABS Bond, the first of its kind by a U.S. issuer. Loans from the Social ABS serve borrowers residing in rural communities, at least 75% of whom are lower- income borrowers with annual net incomes of less than or equal to $50,000. In addition, OneMain has previously committed $35 million to funds supporting the Thurgood Marshall College Fund for students attending historically black colleges and universities and environmental investments.

About OneMain Financial

OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today’s problems and reach a better financial future through personalized solutions available online and in 1,400 locations across 44 states. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit OneMainFinancial.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.