"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing - all of which are essential for our national security,"
"America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need,"
"advice ... financing, and, in some cases, investing capital."
JPMorgan is expanding a domestic initiative to $1.5 trillion, adding $500 billion to an existing $1 trillion plan. The investment targets four areas: supply chain and advanced manufacturing (including minerals, pharma and robotics), defense and aerospace technology, energy independence and resilience (from the grid to battery storage), and frontier technologies such as AI, cybersecurity and quantum. The effort aims to decrease reliance on unreliable sources of critical minerals and manufacturing linked to national security. Support for firms could include advice, financing, and in some cases direct capital investment. Funding specifics remain unclear.
Read at Axios
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