JPMorgan Chase on Monday unveiled a sweeping $1.5 trillion, decade-long initiative to strengthen industries critical to America’s economic and national security.
The effort – called the “Security and Resiliency Initiative” – will spend $1.5 trillion on energy, manufacturing and defense projects. As part of the plan, the financial giant will invest up to $10 billion in direct equity and venture capital to help select U.S.-based companies “enhance their growth, drive innovation and accelerate strategic manufacturing,” the company said.
“It has become painfully clear that the United States has made itself overly dependent on unreliable sources of critical minerals, products and manufacturing – all of which are essential to our national security,” Jamie Dimon, CEO of JPMorgan Chase, said in a statement.
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Jamie Dimon, CEO of JPMorgan Chase & Co., speaks at the 2025 National Retirement Summit in Washington, DC, on Wednesday, March 12, 2025. (Al Drago/Bloomberg via Getty Images/Getty Images)
Dimon added: “Our security is based on the strength and resilience of the American economy. America needs more speed and investment. It must also remove obstacles that stand in its way: excessive regulation, bureaucratic delay, partisan gridlock and an education system that is not aligned with the skills we need.”
The company said it will focus on four key areas, including supply chain and advanced manufacturing, defense and space, energy independence and resilience, and frontier and strategic technologies. These four areas are further divided into 27 sub-areas ranging from cybersecurity to nuclear energy to critical defense components, as stated in the announcement.
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The main entrance to JPMorgan Chase’s headquarters in Manhattan. (Erik McGregor/LightRocket via Getty Images/Getty Images)
“This new initiative includes efforts such as ensuring reliable access to lifesaving medicines and critical minerals, defending our nation, building energy systems to meet AI-powered demand, and advancing technologies such as semiconductors and data centers. Our support for customers in these industries remains unwavering,” Dimon said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 300.89 | -4.64 |
-1.52% |
JPMorgan will also advocate for policies aimed at accelerating these efforts and conduct targeted investigations into private companies and supply chain issues related to rare earths, AI and advanced technology.
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The financial institution had already planned approximately $1 trillion over the next decade to support these sectors. With this initiative, the company will increase that total by an additional $500 billion, the announcement said.
A person uses a Chase Bank ATM in New York City on February 29, 2024. (Gary Hershorn/Getty Images/Getty Images)
As part of the initiative, JPMorgan will hire additional bankers, investment professionals and industry experts. It will also form an external advisory board to help guide its long-term strategy.
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“Hopefully, like America in the past, we will all come together to tackle these immense challenges,” Dimon said. “We must act now.”
