JPMorgan Drops $1.5 Trillion to Boost Economic Security

JPMorgan Chase announced a $1.5 trillion initiative to “facilitate, finance and invest” in industries critical to the nation’s “economic security and resiliency.”

The 10-year plan will make direct equity and venture capital investments of up to $10 billion to enhance businesses’ growth, support innovation, and accelerate manufacturing.

“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,” Chairman and CEO of JPMorganChase Jamie Dimon said in a statement. “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.”

“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,” Dimon added. “Our support of clients in these industries remains unwavering.”

The effort will specifically target the areas of advanced manufacturing, defense and aerospace, energy independence, and strategic technologies, such as AI. These four areas are further broken down into 27 sub-areas that include solar, nuclear energy, cybersecurity, quantum computing, critical mineral mining, shipbuilding, spacecraft, and other areas.

JPMorgan will also advocate for policies accelerating these efforts, as well as create an external advisory council that will lead the strategy.

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