{"id":764642,"date":"2026-07-15T16:17:17","date_gmt":"2026-07-15T16:17:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/764642\/"},"modified":"2026-07-15T16:17:17","modified_gmt":"2026-07-15T16:17:17","slug":"jamie-dimon-jpmorgan-chase-announce-24m-to-boost-u-s-shipbuilding","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/764642\/","title":{"rendered":"Jamie Dimon, JPMorgan Chase announce $24M to boost U.S. shipbuilding"},"content":{"rendered":"

\"JPMorgan<\/p>\n

JPMorgan Chase<\/a> CEO Jamie Dimon<\/a> on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security.<\/p>\n

The figure includes $18 million in loans and $6 million in grants to finance a new submarine manufacturing facility at the Philadelphia Navy Yard being built by Rhoads Industries<\/a>, expand lending to maritime-related small businesses and strengthen regional suppliers, JPMorgan said.<\/p>\n

“The arsenal of democracy has been reignited,” Dimon told CNBC’s Andrew Ross Sorkin<\/a>.<\/p>\n

“People said it couldn’t happen, but here you have Hanwha shipbuilding at the Philadelphia Navy Yard,” Dimon said, naming a South Korean conglomerate<\/a> with a U.S. vessel-making subsidiary<\/a>.<\/p>\n

The announcement comes as rising geopolitical tensions, including wars in the Middle East and Ukraine, spur governments to rearm and reinvest in domestic industrial capacity.<\/p>\n

Last year, JPMorgan launched a $1.5 trillion initiative<\/a> to finance sectors it considers critical to U.S. economic and national security, including shipbuilding. The firm announced an expansion of the program<\/a> into Europe this year. <\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his…\n","protected":false},"author":2,"featured_media":764643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[1532,1531,116,28,122,113,1921,1534,21],"class_list":["post-764642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banks","tag-breaking-news-investing","tag-breaking-news-markets","tag-business","tag-business-news","tag-investment-strategy","tag-jamie-dimon","tag-jpmorgan-chase-co","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/764642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=764642"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/764642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/764643"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=764642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=764642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=764642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}