Michigan LIFT Launches to Accelerate Industrial Innovation, Scale Manufacturing Growth and Strengthen U.S. Competitiveness
Business Wire•29/09/2026•11:30 ET
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Key Highlights
- ➤Ford (F) aspires to award up to $1 billion in supplier contracts over the next decade
- ➤JPMorganChase (JPM) aspires to provide up to $1 billion in supplier financing
- ➤Michigan LIFT targets 10–20 additional buyers representing over $1 billion annual demand by 2036
- ➤Newlab aspires to contribute $20 million in-kind commercialization support
Expert Statements
Gretchen Whitmer, Governor of Michigan
“Michigan LIFT will bring together our world-class manufacturers, innovative companies, skilled workers and capital to turn big ideas into real products, new investment and good-paying jobs.”
Jamie Dimon, Chairman and CEO of JPMorganChase
“Michigan LIFT builds on that same model of public- private collaboration by connecting customer demand, capital and public resources so more companies can grow, more workers can participate and more critical capabilities can scale here in the United States.”
Jim Farley, President and CEO of Ford Motor Company
“Michigan LIFT is about helping solve real manufacturing challenges faster. It connects innovators, suppliers and manufacturers with the support they need to scale.”
Awenate Cobbina, CEO of Michigan Central
“Michigan LIFT will bring even more partners and capabilities together to accelerate that progress.”
Liz Keen, Chief Strategy Officer at Newlab
“Michigan LIFT establishes a powerful new public-private model to address those barriers, bringing industrial demand, private capital, and state resources together to give companies a structured pathway to customer validation, investment, and production at scale.”
Ben Marchionna, Chief Innovation Ecosystem Officer at MEDC
“Michigan LIFT is a new model for innovation-led economic development: start with real industrial demand, then connect the companies solving those problems to capital, public tools, workforce and the infrastructure they need to scale.”
Michigan LIFT Launches to Accelerate Industrial Innovation, Scale Manufacturing Growth and Strengthen U.S. Competitiveness
* Ford Motor Company, JPMorganChase, the State of Michigan, Michigan Central and Newlab have launched Michigan LIFT to help innovative suppliers win business from leading manufacturers and access the financing and state support they need to expand production
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