JPMorgan Chase today announced the Security and Resiliency Initiative, a $1.5 trillion, 10-year plan aimed at supporting industries vital to national economic security and resilience.
As part of this initiative, JPMorgan Chase will invest up to $10 billion through direct equity and venture capital to help select companies, mainly in the U.S., grow, innovate, and boost strategic manufacturing.
Jamie Dimon, Chairman and CEO of JPMorganChase told investors, “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.”
The firm had already planned to facilitate and finance around $1 trillion over the next decade to support clients in these key industries. With more resources, capital, and focus, JPMorgan Chase aims to boost this amount by up to $500 billion, representing a 50% increase. These efforts will target both middle-market companies and large corporate clients.
Dimon added, “This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers. Our support of clients in these industries remains unwavering.”
JPMorgan Chase & Co stock fell 2% following the company’s announcement.
By CEO NA Editorial Staff
