This week, JPMorganChase announced the launch of the Security and Resiliency Initiative —a $1.5 trillion, 10-year initiative to strengthen industries vital to America’s economic security and resiliency. The initiative includes direct equity and venture capital investments of up to $10 billion to help select companies primarily in the United States enhance their growth, spur innovation and accelerate strategic manufacturing. The initiative will support companies of all sizes, offering advice, financing and capital investment in four key areas: - Supply chain and advanced manufacturing, including critical minerals, pharmaceutical precursors and robotics
- Defense and aerospace, including defense technology, autonomous systems, drones, next-gen connectivity and secure communications
- Energy independence and resilience, including battery storage, grid resilience and distributed energy
- Frontier and strategic technologies, including AI, cybersecurity and quantum computing
JPMorganChase is increasing its planned support for these industries by 50%—from $1 trillion to $1.5 trillion over the next decade—as the U.S. seeks to modernize infrastructure, fortify supply chains, and implement policies that promote growth. Why Now? The firm’s effort comes at a pivotal time for the U.S. As stated by JPMorganChase Chairman and CEO Jamie Dimon: It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security. Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need. Our Approach Given the expected business opportunities and significance of this mission, JPMorganChase will: - Hire additional bankers, investment professionals and experts
- Establish an external advisory council of public and private sector leaders
- Conduct thematic research on private companies and supply chain management
- Leverage our Center for Geopolitics for timely global insights
- Advocate for policies that accelerate growth, innovation and skills-training
JPMorganChase’s legacy of supporting critical industries, combined with its deep relationships and expertise, positions the firm to drive innovation and resiliency across the U.S. and globally. The company looks forward to collaborating with partners to address these challenges and build a stronger, more secure future. |
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