Can America Make Things Again? - STL.News

A new Michigan initiative aims to rebuild parts of the U.S. industrial ecosystem by linking manufacturers and suppliers with what industrial startups typically need—customers, financing, workers, infrastructure, and support to move from prototypes to commercial production. Announced Sept. 29, Michigan LIFT (Michigan Launchpad for Industrial Innovation & Transformation) was backed by Ford Motor Co., JPMorganChase, the State of Michigan, Michigan Central and Newlab. Ford says it aspires to award up to $1 billion in business over the next decade to suppliers in the program, while JPMorganChase targets up to $1 billion in debt financing. Other partners plan to attract 10 to 20 additional industrial buyers with more than $1 billion in annual demand commitments by end of 2036, with Newlab offering up to $20 million in in-kind support.