Ford, JPMorganChase Launch Michigan LIFT With $2B Supplier Pledge

Ford Motor Company and JPMorganChase on September 30, 2026 launched Michigan LIFT, a manufacturing platform aiming to award up to $1 billion in supplier contracts and provide up to $1 billion in debt financing over the next decade. Ford serves as anchor industrial buyer; JPMorganChase's participation falls under its $1.5 trillion, 10-year Security and Resiliency Initiative. Michigan Central will supply testing and scaling infrastructure at its 30-acre Detroit district, while Newlab plans $20 million in in-kind commercialization support. The platform targets five sectors: robotics and advanced manufacturing automation; advanced energy including nuclear, semiconductors and battery storage; advanced mobility, aerospace and propulsion; critical minerals; and life sciences manufacturing. Organizers aim to attract 10 to 20 additional industrial buyers representing over $1 billion in annual demand by 2036. Ford Philanthropy and JPMorganChase also pledged $550,000 to Detroit nonprofit Focus: HOPE for industrial training.