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Story summary
- Ford CEO Jim Farley and JPMorgan CEO Jamie Dimon announced Michigan LIFT, a $2 billion initiative.
- The program will award up to $1 billion in contracts to suppliers.
- It will also provide up to $1 billion in financing.
- The Alliance for America’s Skilled Trades report says U.S. employers need 1.7 million skilled-trades hires annually through 2035.
- Eighteen million skilled-trades workers contributed an estimated $3.8 trillion to U.S. GDP in 2025.