Detroit’s DTE Energy plans to spend $10 billion with Michigan businesses over the next five years, company leaders announced at the Mackinac Policy Conference last week. Currently, at least 60 cents of every dollar DTE spends goes to a Michigan supplier.
“Our investment in Michigan businesses has created 14,000 permanent jobs over the past nine years,” says Gerry Anderson, chairman and CEO of DTE. “We look forward to continuing to create growth opportunities for hard-working business owners in our state, and we will continue to urge our large supplier to focus sourcing from within Michigan as well.”
DTE also committed to spend at least $500 million each year on businesses owned by women and minorities, a 50-percent increase over 2015. The company is a founding member of Pure Michigan Business Connect, a state initiative that works to connect small to medium-sized Michigan suppliers with local, national, and global purchasers.
“Whether we are talking about small businesses or skilled trades and training, it is critical that we create equitable opportunities to succeed here in Michigan,” says Lt. Gov. Garlin Gilchrist. “Pure Michigan Business Connect offers exactly the kind of support needed to make that happen, working with key partners like DTE.”
DTE’s focus on spending in Michigan benefits companies in the state, including Detroit-based energy company SEEL.
“I’ve been a part of enough minority initiatives to know that it only works when the commitment comes from the top down,” says Louis E. James, CEO of SEEL LLC. “DTE committed to SEEL without quota, allowing us to grow and meet the goals of training, hiring, and developing talent in Detroit.
“As a direct result of DTE, and the Pure Michigan Business Connect Program, we’ve been able to invest in training for nearly 800 individuals, providing them with the skills to have better jobs, not only for today, but jobs for the future. We were also able to make a commitment to spend 40 percent of our available procurement dollars annually with other minority-owned businesses.”