JPMorgan Chase Launches $1.5 Trillion Initiative to Boost U.S. Economic Security

JPMorgan Chase has unveiled a $1.5 trillion, 10-year Security and Resiliency Initiative (SRI) aimed at bolstering industries critical to U.S. national security and economic stability. The initiative encompasses direct equity and venture capital investments of up to $10 billion to support the growth and innovation of select U.S.-based companies.

Announced on October 13, 2025, the SRI targets four key sectors:

• Supply Chain and Advanced Manufacturing: Focusing on critical minerals, pharmaceutical precursors, and robotics to strengthen domestic production capabilities.

• Defense and Aerospace: Investing in defense technology, autonomous systems, drones, next-generation connectivity, and secure communications to enhance national defense infrastructure.

• Energy Independence and Resilience: Targeting battery storage, grid resilience, and distributed energy solutions to promote energy self-sufficiency.

• Frontier and Strategic Technologies: Including artificial intelligence, cybersecurity, and quantum computing to maintain technological leadership.

To lead the Strategic Investment Group within the SRI, JPMorgan appointed Todd Combs, an investment manager from Berkshire Hathaway and former JPMorgan board member. Combs is set to begin his role in January 2026, reporting directly to CEO Jamie Dimon. His responsibilities include identifying and executing direct equity and venture capital investments of up to $10 billion in select U.S.-based companies to foster growth, spur innovation, and accelerate strategic manufacturing.

Combs, who has been a prominent figure in the investment community, serving as an investment manager at Berkshire Hathaway and CEO of GEICO, expressed his commitment to the initiative, stating, "The SRI is a perfect example of this – committing $1.5 trillion to spurring economic growth and innovation to make the world more secure."

To guide the SRI's long-term strategy, JPMorgan established an external advisory council comprising esteemed leaders from both the public and private sectors. Chaired by Jamie Dimon, the council includes:

• Jeff Bezos, Executive Chairman of Amazon and Founder of Blue Origin

• Michael Dell, Chairman and CEO of Dell Technologies

• Jim Farley, President and CEO of Ford Motor Company

• Robert Gates, former U.S. Secretary of Defense

• Condoleezza Rice, former U.S. Secretary of State

• Phebe Novakovic, Chairman and CEO of General Dynamics

This council is tasked with providing insights and perspectives to inform the SRI's strategy and investment priorities, ensuring a holistic approach to addressing key issues facing the United States.

The SRI represents a significant commitment by JPMorgan Chase to enhance U.S. economic security and resilience. By investing in critical industries, the initiative aims to:

• Reduce Foreign Dependency: Address the nation's reliance on foreign sources for essential goods and technologies, thereby strengthening domestic supply chains.

• Stimulate Economic Growth: Support the growth and innovation of U.S.-based companies, particularly in sectors vital to national security.

• Enhance National Security: Invest in defense and aerospace technologies to bolster the country's defense capabilities.

• Promote Technological Leadership: Advance frontier technologies such as AI and quantum computing to maintain the U.S.'s competitive edge.

While JPMorgan Chase has a history of supporting critical industries, the scale and scope of the SRI are unprecedented. The initiative reflects a strategic shift towards proactive investment in sectors deemed essential for national security and economic stability. This move aligns with broader efforts to modernize infrastructure, fortify supply chains, and implement policies that promote growth.

In summary, JPMorgan Chase's Security and Resiliency Initiative marks a bold and strategic effort to invest in and strengthen industries critical to the United States' national security and economic future.