DTE Surpasses $1B in Spending with State Businesses



Published:

DETROIT – DTE Energy has quickly exceeded $1.25 billion in cumulative spending with Michigan businesses since 2011.

As part of the Pure Michigan Business Connect initiative, DTE pledged to shift an incremental $1 billion in spending from businesses located outside of Michigan, and in some cases the United States, to Michigan-based suppliers by the end of this year. DTE surpassed that goal in December.

DTE ended 2014 above target as well, spending $922 million during the year with in-state suppliers. As part of that investment, the company spent $159 million with Detroit-based suppliers by December of last year, and more than $370 million with certified diversity suppliers.

“DTE Energy is proud to be a corporate leader in Michigan’s economic progress,” says Dave Meador, DTE Energy vice chairman and chief administrative officer. “Since committing to the Pure Michigan Business Connect initiative, each year we have exceeded our annual spending targets. We have been able to do this while ensuring low costs and high quality, demonstrating Michigan's overall competitiveness.”

DTE Energy is one of the original seven leaders of the initiative. Administered through an alliance with the Michigan Economic Development Corp. and Business Leaders for Michigan, Pure Michigan Business Connect is a multi-billion dollar public-private initiative connecting buyers to suppliers of Michigan goods and services. Through the business-to-business network, Michigan companies are encouraged to increase their procurement within the state. DTE’s ongoing investment has helped to create and support more than 5,000 Michigan jobs.

“It is impressive to see Michigan businesses starting to recover,” says Ron Eagle, president of Eagle Landscaping & Supply. The Southfield-based company has provided services to DTE for 60 years. “Business owners are now able to hire more people who were out of work in recent years. That’s a good sign. We’re all striving to make this state a great place to live. I believe DTE has played a big part in the positive change happening in Michigan.”
 

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Detroit Tigers Announce Partnership With Uber

With only two days until Tigers Opening Day at Comerica Park, the Detroit Tigers today announced a partnership with mobile ridesharing company Uber, naming them the team’s official ride-sharing company. This season, there will be a dedicated pick-up and drop-off zone for fans choosing to Uber to and from Comerica Park, located on the northbound side of the I-75 service drive, between John R and Brush Street.

Detroit Pistons and Henry Ford Health System Partner on Training, Rehab, and Sports Medicine Complex  

The Detroit Pistons and Henry Ford Health System today announced plans to build a new 100,000-square-foot training, rehabilitation, and sports medicine complex in Detroit’s New Center area. The site is bordered by Amsterdam Street, Second and Third Avenues, and a set of railroad tracks to the north. Construction is expected to begin this summer.

Ford Invests $1B in Argo AI, Works Towards Leading Autonomous Vehicle Market

Dearborn-based automaker Ford Motor Co. today announced a $1 billion investment in Pittsburgh-based Argo AI over the next five years, to develop a virtual driver system for the autonomous vehicle Ford has planned for 2021, and for potential licensing opportunities.

Meridian Winter Blast Set to Coincide With North American International Auto Show

The thirteenth annual Meridian Winter Blast, presented by Quicken Loans, has been moved up several weeks and is now scheduled to coincide with the final weekend of the North American International Auto Show — January 20-22.

Detroit Pistons to Move to Downtown in 2017, will Generate Additional $596.2M in Economic Impact

Agreements under which the Pistons will move to downtown Detroit and begin playing next season at the new Little Caesars Arena in The District Detroit, a $1.2 billion sports and entertainment development, have been announced today.
Edit ModuleShow Tags

Most Popular

  1. Detroit to Convert Conrail Railroad Property into Greenway
    The City of Detroit and Conrail have reached an agreement in principle for the sale of Conrail...
  2. Nino Salvaggio to Open Bloomfield Township Store
    Nino Salvaggio International Marketplace and the Bloomfield Plaza Shopping Center today announced...
  3. 2017 Champions of the New Economy
    For the eighth straight year, DBusiness selected five regional executives who are driving growth...
  4. Van Elslander Capital Will Build Headquarters in Birmingham
    Art Van Elslander, chairman and founder for Van Elslander Capital, today announced the investment...
  5. Luxury E-commerce Loyalty Site, Jewel, Launches in Detroit
    Jewel partners with premium brands and sells goods at a discounted price to cost conscious...
  6. Michigan Black Chamber of Commerce Acquires National Business League, Moves Headquarters to Detroit
    The Michigan Black Chamber of Commerce in downtown Detroit today announced it has acquired the...