Ford and JPMorganChase to invest $1 billion to support Michigan manufacturing supply chain
JPM JPMorgan Chase & Co
$332.99 +0.47%
View chart & analysis → - 1Ford and JPMorganChase launched the Michigan Industrial Innovation and Transformation Launchpad (LIFT) on September 29.
- 2The annual investment target for Ford and JPMorganChase is approximately $100 million.
- 3The $1 billion loan represents 0.02% of JPMorganChase's assets.
So what's the key point?
Ford and JPMorganChase have started a new support program to help industrial changes in the Michigan region. They plan to invest $100 million every year to support local manufacturing facilities.
Source BeInCrypto · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.