{"id":1111,"date":"2026-07-15T16:44:44","date_gmt":"2026-07-15T16:44:44","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=1111"},"modified":"2026-07-15T16:44:44","modified_gmt":"2026-07-15T16:44:44","slug":"arsenal-of-democracy-jamie-dimon-announces-24-million-effort-to-boost-american-shipbuilding","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=1111","title":{"rendered":"\u2018Arsenal of democracy\u2019: Jamie Dimon announces $24 million effort to boost American shipbuilding"},"content":{"rendered":"<div><div><div><div><p>In this article<\/p><\/div><ul><li><span>JPM<\/span><span><button><\/button><\/span><\/li><\/ul><\/div><div><button><span><span>Follow your favorite stocks<\/span><span>CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div><\/div><div><div><div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"JPMorgan CEO Jamie Dimon and Sen. McCormick on investing in defense, state of the economy and impact of AI\" class=\"wp-image-1110\" height=\"422\" src=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/b97645cd96af3c8a14b62c9e673acc6d.jpg\" width=\"750\" srcset=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/b97645cd96af3c8a14b62c9e673acc6d.jpg 750w, https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/b97645cd96af3c8a14b62c9e673acc6d-300x169.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<span><div><div><span>watch now<\/span><\/div><\/div><\/span><\/div><div><div><span>VIDEO<\/span><span>18:52<\/span><span>18:52<\/span><\/div><div>JPMorgan CEO Jamie Dimon and Sen. McCormick on investing in defense, state of the economy and impact of AI<\/div><div>Squawk Box<\/div><\/div><\/div><\/div><\/div><\/div><div><p><span>JPMorgan Chase<span><span><button><\/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><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1108\">Trump\u2019s DNI pick Clayton won\u2019t tell senators Biden won the 2020 election<\/a><\/p><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><p>&#8220;The arsenal of democracy has been reignited,&#8221; Dimon told CNBC&#8217;s Andrew Ross Sorkin.<\/p><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><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1106\">IRS chief Frank Bisignano will lead Trump accounts expansion<\/a><\/p><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><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><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1104\">Hassett sees no \u2018excuse\u2019 to raise rates, says Warsh will push Fed to \u2018right answer\u2019<\/a><\/p><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.<\/p>\n","protected":false},"author":1,"featured_media":1109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Arsenal of democracy\u2019: Jamie Dimon announces $24 million effort to boost American shipbuilding - 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