JPM · News · 20260929N

Michigan Manufacturing Partnership

JPMORGAN CHASE & CO · 2026-09-29 · Importance 35 · Surprise 42

JPMorgan, Ford, the State of Michigan, Michigan Central, and Newlab launched Michigan LIFT to strengthen manufacturing suppliers and industrial innovation. The initiative targets approximately $3 billion of support for Michigan’s manufacturing ecosystem and is intended to connect suppliers with manufacturers, financing, and state assistance. JPMorgan and Ford are expected to make significant financial commitments, with additional industrial buyers and suppliers targeted for participation.

Key facts

• Michigan LIFT was launched by Ford Motor Company, JPMorgan Chase, the State of Michigan, Michigan Central, and Newlab as a public-private initiative to bolster industrial innovation and manufacturing growth. source
• JPMorgan Chase and Ford Motor Co. are helping launch a new program to bolster production in the state of Michigan and will help suppliers in the program. source