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$3 Billion Initiative Launched by Ford, JPMorgan Chase, and Michigan

Guavy AI Editorial Team
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JPM
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Ford Motor Co., JPMorgan Chase, and the state of Michigan have launched a $3 billion program to address manufacturing and supply chain challenges.

The 'Michigan Launchpad for Industrial Innovation and Transformation,' or Michigan LIFT, will provide companies with financing, workforce support, and other resources to scale production.

Ford and JPMorgan Chase have each pledged up to $1 billion to the program, with Ford focusing on workforce development and JPMorgan Chase on finance for industries dependent on critical minerals.

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