JPMorganChase’s Security and Resiliency Initiative Turns One Year Old – and Celebrates More Than $230 billion. The firm also deployed $5 Billion in Equity Investments Financed, Facilitated by Strategic Investment Group for Vital Industries, Supply Chains and Technologies Critical to Long-Term Economic Growth and National Security
Security and Resiliency Initiative launched with a $1.5 trillion investment to shore up the fundamentals of the U.S. economy. In its first year, JPMorganChase has made investments in a range of critical industries and technologies that will benefit the economy and society for years to come.
The Security and Resiliency Initiative (SRI) represents a cross-sectoral approach to tackling emerging economic and security challenges by combining capital and expertise from the worlds of finance, investment, research, public policy and industry.
As great powers compete more intensely, energy-intensive industries are booming. At the same time, global supply chains have become increasingly fragile. As a result, governments and companies are focusing strongly on building industrial capacity, strategic energy supplies, critical technology and talent to fuel economic and security needs.
“Strong economies and national security don’t happen by accident. They require investment in critical infrastructure, manufacturing, energy, defense and innovation, as well as policies that encourage growth,” said Jamie Dimon, Chairman and CEO of JPMorganChase. “Through SRI, we’re bringing together capital, expertise and convening power to help strengthen the industries, supply chains and workforce that support economic prosperity and national security.”
Investing Directly in Strategic Companies
JPMorganChase’s Strategic Investment Group directs the firm’s capital toward companies with long-term strategic importance. Led by Todd Combs, the group manages direct equity investments under the Security and Resiliency Initiative.
During the first year, the group committed $5 billion from the initiative’s initial $10 billion equity allocation. Its investments cover venture-stage, growth-stage, and later-stage companies. These investments help businesses expand, innovate, and increase manufacturing capacity.
Furthermore, recent investments support next-generation defense technologies, distributed battery storage, automated manufacturing, and frontier technologies. These areas contribute to stronger industrial capabilities and more reliable supply chains.
“Our approach is to find generational companies and partner with them for the long term. The Security and Resiliency Initiative is an important part of that work. Putting $5 billion to work in our first year shows how many exceptional businesses are building in industries that strengthen critical supply chains and the solutions our economy and security depend on,” said Todd Combs, Head of the Strategic Investment Group, JPMorganChase.
Financing Critical Industries
Over the past year, JPMorganChase financed and facilitated more than $230 billion in transactions across five SRI focus areas. These include supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; frontier and strategic technologies; and pharma and healthtech. Through these activities, the firm supported defense technology companies and manufacturers as they expanded operations. It also financed Tier 2, 3, and 4 suppliers that support the defense industrial base.
Additionally, JPMorganChase facilitated investments in next-generation nuclear and geothermal energy. The initiative also supported domestic critical minerals and metals capacity. Other priorities included artificial intelligence, cybersecurity, quantum computing, and critical medicine production. These investments address important gaps across strategic industries. They also help strengthen supply chain resilience and improve access to essential technologies and resources.
“We are proud of what we have accomplished in SRI’s first year, but this is only the beginning,” said Jay Horine, Head of the Security and Resiliency Initiative, JPMorganChase Global Banking. “Over the past year, we have deployed capital, developed insights across critical industries and demonstrated how financing, policy engagement and collaboration can reinforce one another. Our focus now is turning that momentum into even greater execution, helping expand industrial capacity, strengthen supply chains and support the industries that will shape long-term economic resilience and national security.”
Expanding International Collaboration
JPMorganChase has established a dedicated SRI team of more than 35 professionals, including 13 Managing Directors. Hundreds of bankers and colleagues across the firm also support its work. Moreover, the initiative expanded into Europe and Canada during the year. This expansion recognizes that essential technologies, industrial capabilities, and supply chains often cross national borders. Therefore, cooperation among trading partners remains important for strengthening economic resilience.
Building on its U.S. progress, JPMorganChase entered markets that support advanced manufacturing, defense technologies, energy systems, and strategic supply chains. Nearly one-third of SRI-related activity during the past year occurred outside the United States. This international approach allows the firm to support interconnected industries. It also reinforces the importance of cross-border partnerships in addressing shared economic and security priorities.
Turning Insights into Action
Beyond financing and investments, SRI also uses value-chain analysis, industry engagement and research to identify supply chain dependencies. The initiative also looks at personnel shortages and funding gaps that can stymie industrial growth. JPMorganChase utilizes the resources of its Center for Geopolitics, Industry and Policy Thematics research team and other in-house experts. These resources combined market intelligence, industry knowledge and policy analysis.
This approach helps to channel financing, investment and public-private partnership to areas of high potential impact. Since last October, JPMorganChase has mapped seven value keys to chains. The work identified opportunities for capital, partnerships, and targeted action to build industrial capacity and reduce strategic vulnerabilities. Also, the initiative’s analysis has found challenges with workforce, permitting and procurement. These barriers continue to affect investment, innovation and industrial expansion.
SRI has therefore focused its policy analysis on five areas that could strengthen long-term economic resilience and national security:
- Defense Procurement: Improving predictability in contracting and acquisitions to unlock investment.
- Smart Industrial Policy: Developing a more durable approach to strengthening strategic industries
- Workforce: Addressing critical talent shortages that constrain production and innovation.
- Energy and Grid Modernization: Expanding affordable, reliable power while modernizing the electricity grid.
- Permitting: Creating predictable regulatory pathways that support faster project delivery.
Over the past year, JPMorganChase has brought stakeholders together and published analysis to advance policies supporting U.S. industrial capacity. These efforts aim to strengthen resilience while addressing barriers that limit strategic investment.
“Effective policy creates the conditions for investment, growth and opportunity,” said Tim Berry, Global Head of Corporate Responsibility and Chairman of the Mid-Atlantic Region for JPMorganChase. “By removing barriers, connecting workers to good careers and giving businesses the confidence to act, we can strengthen supply chains and build a more resilient economy.”
Convening Leaders to Drive Action
JPMorganChase also uses its global network across business, capital markets, and the public sector to bring industry leaders together. These discussions aim to identify barriers and accelerate solutions to challenges that individual institutions cannot resolve alone. In April, the firm hosted its inaugural Defense Action Forum. The event brought together 120 leaders from businesses, government, trade groups, and expert organizations. Participants discussed ways to strengthen and expand the U.S. defense industrial base.
In January and June, JPMorganChase hosted resiliency summits in Wyoming and Michigan. State leaders joined these gatherings to discuss critical industries and regional economic development. In July, the firm announced $24 million in funding for Philadelphia’s shipbuilding and maritime manufacturing ecosystem.The funding is for workforce training, supply chain development and small business growth.
Last month Ford, Michigan and JPMorganChase announced a public-private initiative. The partnership is focused on improving the competitiveness of manufacturers and enhancing supply chain resilience. It will also help innovative suppliers increase their production in Michigan. These activities are examples of SRI’s approach to economic resilience. The program combines capital, policy analysis, workforce development, supplier readiness, and public-private partnerships. The conclusion is that shared priorities can translate into tangible action.
Looking forward
As SRI begins its second year, JPMorganChase wants to translate value-chain insights into tangible action. The firm will back companies that can grow vital industrial capacity. It will also develop financing models for strategic projects and strengthen ecosystems of suppliers and workforce.
JPMorganChase will also aim to increase coordination of policy across national borders. These are trying to boost cooperation between trading partners and strengthen critical supply chains.
The firm will measure progress beyond capital mobilization. Success will also be demonstrated by greater industrial capacity, more resilient supply chains and a deeper pipeline of scalable companies. These capabilities can help companies react when demand surges or disruptions happen.
Support Comments
SRI’s External Advisory Council consists of leaders from the public and private sectors. Its members include former U.S. secretaries of defense and state, retired senior military leaders and executives from some of the world’s leading companies. The council advises on the initiative’s strategy and priorities.
“America’s economic strength and national security are increasingly intertwined. Maintaining our leadership will require investing in the industrial capabilities, critical technologies and supply chains that underpin long-term resilience at home, while working closely with the trading partners that have long been a foundation of American strength. JPMorganChase’s Security and Resiliency Initiative is helping advance that important work,” said Condoleezza Rice, former U.S. Secretary of State.
“Manufacturing has long been a source of America’s economic strength and a testament to our innovation, creativity and engineering capabilities. Maintaining that leadership will require continued investment in advanced production, critical supply chains and the skilled workforce needed to ensure the U.S. remains at the forefront of global manufacturing,” said Jim Farley, President and CEO of Ford Motor Company.
“America’s defense industrial base must be able to deliver sophisticated capabilities at the speed and scale today’s security environment demands. The Security and Resiliency Initiative is working to help strengthen the supplier base, expand production capacity, and accelerate the advanced technologies that will be essential to ensuring the U.S. and its trading partners are prepared to meet evolving threats,” said Phebe Novakovic, Chairman and CEO of General Dynamics.
“Recent volatility has demonstrated how quickly disruptions to critical supply chains can affect our economy and our ability to meet essential needs. Strengthening domestic production and supply chains for critical medicines, technologies and industrial inputs will help ensure the U.S. and our trading partners have the resources they need when they matter most,” said Alex Gorsky, former Chairman and CEO of Johnson & Johnson.
“Private capital has an important role to play in strengthening America’s economic security, but many of our most important challenges will require the combined effort of public and private institutions. JPMorganChase’s Security and Resiliency Initiative demonstrates how capital, industry and government can work together to help expand capacity and strengthen America’s long-term competitiveness,” said Paul Ryan, Partner at Solamere Capital and former Speaker of the U.S. House of Representatives.
“Security today extends well beyond traditional defense. Energy, technology, infrastructure and resilient supply chains all underpin our collective security, and strengthening them will require deeper cooperation among governments, industry and capital across the U.S., U.K. and our global trading partners,” said Admiral Sir Tony Radakin, former Chief of the U.K. Defence Staff.
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News Source: Businesswire.com
