Combine the shrimp and paprika in a small bowl. Season with salt and pepper, then toss with the olive oil. Set aside.
1 1/2 pounds shrimp, 2 teaspoons smoked paprika, salt, pepper, 1 tablespoon extra virgin olive oil
Heat a large pot or Dutch oven over medium heat and add the diced bacon. Cook, stirring often, until crisp. Remove with a slotted spoon to a paper towel-lined plate. 8 slices bacon
Drain all but about 2 tablespoons of the bacon grease from the pot. Add the fennel, carrots, celery and onion. Season with salt and pepper. Cook, stirring occasionally, until the vegetables start to soften, about 4 to 5 minutes.
1 bulb fennel, 1-2 carrots, 2 ribs celery, 1 onion
Add the garlic and cook another 30 to 60 seconds.
2 cloves garlic
Mix in the roasted red peppers and cornstarch, then add the shrimp. Cook for 3 to 4 minutes, stirring often, or until the shrimp turn pink.
12 ounce jar roasted red peppers, 1 tablespoon cornstarch
Add the cream cheese and mushroom broth. Bring to a boil and cook an additional 3 to 4 minutes or until the shrimp are cooked through and the cream cheese is fully melted and blended into the soup.
4 ounces cream cheese, 1 1/2 cups mushroom broth
Remove from the heat and stir in the heavy cream.
1/4 cup heavy cream
Taste and season with salt and pepper, as needed.
Divide the chowder between 4 bowls. Garnish each bowl with equal amounts of the bacon and cheddar cheese.
1/2 cheddar cheese