JPMorgan Chase Launches Michigan LIFT with Up to $1 Billion in Debt Capital

JPMorgan Chase has launched Michigan LIFT, an initiative aimed at connecting industrial demand with financing, public resources, and commercialization services for suppliers expanding production in Michigan. The platform, which was announced on September 29, 2026, is intended to support suppliers by providing access to $1 billion of debt capital through JPMorgan Chase.

The founding capital provider, identified as JPMorganChase, has expressed its commitment to financing up to $1 billion of debt capital for participating suppliers. However, the release notes that this financing is subject to standard qualification, sourcing, and approval processes.

Separately, JPMorgan Chase & Co. declared a quarterly common-stock dividend of $1.65 per share on September 15, 2026, up from $1.50. This increase will be reflected in the October 31, 2026, dividend payment to shareholders of record at the close of business on October 6.