JPMorganChase unveiled the Security and Resiliency Initiative, a USD 1.5 Trillion, 10-year plan to facilitate, finance as well as invest in industries critical to national economic security and resiliency.
In this initiative, JPMorganChase will make direct equity and venture capital investments of up to USD 10 Billion to help select companies primarily in the United States improve their growth, spur innovation, as well as accelerate strategic manufacturing.
The company is acting just as the U.S. aims to upgrade infrastructure, strengthen supply chains, and put in place growth-oriented policies. JPMorganChase will concentrate on four main areas, helping companies of all sizes by advising them, offering financing, and sometimes investing capital.
- 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
The firm had already planned to support about USD 1 trillion in financing over the next decade for clients in these key industries. With more resources, capital, and focus, JPMorganChase now aims to boost that by up to USD 500 billion — a 50% increase. This effort will include both mid-market companies and large corporations.
Executive Statement
According to Jamie Dimon, Chairman and CEO of JPMorganChase, 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. Their 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 they need.