{"id":4916,"date":"2026-07-15T21:26:01","date_gmt":"2026-07-15T21:26:01","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/jamie-dimon-jpmorgan-chase-announce-24m-to-boost-u-s-shipbuilding\/"},"modified":"2026-07-15T21:26:01","modified_gmt":"2026-07-15T21:26:01","slug":"jamie-dimon-jpmorgan-chase-announce-24m-to-boost-u-s-shipbuilding","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/jamie-dimon-jpmorgan-chase-announce-24m-to-boost-u-s-shipbuilding\/","title":{"rendered":"Jamie Dimon, JPMorgan Chase announce $24M to boost U.S. shipbuilding"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108335283\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108335283\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000418815\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">JPMorgan Chase<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank&#8217;s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security.<\/p>\n<p>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, expand lending to maritime-related small businesses and strengthen regional suppliers, JPMorgan said.<\/p>\n<p>&#8220;The arsenal of democracy has been reignited,&#8221; Dimon told CNBC&#8217;s Andrew Ross Sorkin.<\/p>\n<p>&#8220;People said it couldn&#8217;t happen, but here you have Hanwha shipbuilding at the Philadelphia Navy Yard,&#8221; Dimon said, naming a South Korean conglomerate with a U.S. vessel-making subsidiary.<\/p>\n<p>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<p>Last year, JPMorgan launched a $1.5 trillion initiative to finance sectors it considers critical to U.S. economic and national security, including shipbuilding. The firm announced an expansion of the program into Europe this year. <\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank&#8217;s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3629,3263,500,423,2268,2267,422,3630,556],"class_list":["post-4916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-24m","tag-announce","tag-boost","tag-chase","tag-dimon","tag-jamie","tag-jpmorgan","tag-shipbuilding","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4916"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4917"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}