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Jamie Dimon, CEO of\u00a0JPMorgan Chase & Co., has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry. <\/p>\n
Dimon’s latest initiative is targeted at bolstering industries that are key to the U.S. economy and national security. The $24 million package includes $18 million in loans and $6 million in grants. The funding will support Rhoads Industries’ construction of a new submarine manufacturing facility at the Philadelphia Navy Yard, expand lending to maritime-related small businesses, and strengthen the region’s supply chain. <\/p>\n
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Marking the announcement, Dimon told CNBC, “The\u00a0arsenal of democracy has been\u00a0reignited.” He also highlighted the participation of Hanwha Group,\u00a0a South Korean conglomerate with\u00a0a U.S. vessel-making subsidiary, in the shipbuilding operations\u00a0at the Philadelphia Navy Yard. <\/p>\n
“People said it couldn’t happen, but here you have Hanwha shipbuilding at the Philadelphia Navy Yard,” Dimon said. <\/p>\n
This move by JPMorgan Chase is a continuation of its $1.5 trillion 10-year Security and Resiliency Initiative, introduced in 2025, aimed at supporting U.S. efforts to modernize infrastructure and strengthen supply chains. This initiative involved direct equity and venture capital investments of up to $10 billion to assist selected U.S. companies in expanding, innovating, and accelerating their strategic manufacturing. <\/p>\n
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n Trump Unveils $10 Billion Defense Boost <\/p>\n On Wednesday, President Donald Trump announced nearly $10 billion in new defense investments in Pennsylvania at Sen. Dave McCormick’s (R-Pa.) Defense and Innovation Summit, saying the projects will create more than 4,000 jobs. The investments include a $2.5 billion agreement between Rhoades Industries and General Dynamics\u00a0to support Navy submarine construction and $1.5 billion in new National Security Multi-Mission Vessel ship orders. <\/p>\n The announcement comes amid rising geopolitical tensions, with conflicts in the Middle East and Ukraine driving governments to boost defense spending and strengthen domestic manufacturing. <\/p>\n Trump added that defense spending in Pennsylvania has risen 20-25% since he returned to office and is expected to reach $19-$20 billion with the latest investments. <\/p>\n Story Continues <\/p>\n In December, Trump announced that Hanwha Ocean would build a new class of U.S. Navy warships at its Philadelphia shipyard as part of a U.S.-South Korea trade deal and a $5 billion investment. Dubbed the “Trump-class battleships,” the vessels are expected to feature advanced weaponry, including hypersonic missiles, electronic rail guns, and high-powered lasers. <\/p>\n Image via Shutterstock <\/p>\n Read Next:\u00a0 <\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n Realberry <\/p>\n Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities <\/a>backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests. <\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Immersed <\/p>\n Immersed is building technology for the future of work through spatial computing.<\/a> Known for its AR\/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing. <\/p>\n Fundrise <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n Mode Mobile <\/p>\n Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day.<\/a> Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream.\u00a0 <\/p>\n EquityMultiple\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process. <\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Jamie…\n","protected":false},"author":2,"featured_media":247306,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[105733,105734,104149,4144,69,71,96414,70,368,105732,38247],"class_list":["post-247305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-philadelphia","tag-defense-spending","tag-hanwha-group","tag-jamie-dimon","tag-jpmorgan-chase","tag-philadelphia","tag-philadelphia-headlines","tag-philadelphia-navy-yard","tag-philadelphia-news","tag-president-donald-trump","tag-shipbuilding-industry","tag-venture-capital-investments"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/247305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=247305"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/247305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/247306"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=247305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=247305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=247305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}