JPMorgan to plow $1 billion into Michigan manufacturing

Bloomberg Television3 hours ago1:21

JPMorgan Chase is earmarking $1 billion in debt capital to boost manufacturing in Michigan over the next decade through a new initiative called Michigan LIFT. JPMorgan CEO Jamie Dimon, Ford CEO Jim Farley and Michigan Gov. Gretchen Whitmer discuss the initiative, which will connect industrial buyers with suppliers, startups and technology companies, with Ford planning to award as much as $1 billion in business through the platform.

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