DTE Energy’s ongoing procurement with Michigan businesses proves successful
DTE Energy spent $632 million in the first nine months of the year as part of the Pure Michigan Business Connect Initiative surpassing its goal of $506 million for the period. A portion of that investment – $112 million – was spent with Detroit-based suppliers.
The Pure Michigan Business Connect Initiative is part of an $8 billion public-private program announced by Michigan Gov. Rick Snyder at the Detroit Regional Chamber’s Mackinac Policy Conference in 2011. Administered through an alliance with the Michigan Economic Development Corporation, the program helps companies find new ways to raise capital, get access to a variety of business services and provides business-to-business procurement opportunities to help grow and create jobs.
As a leader in the initiative, DTE has pledged to shift an incremental $1 billion in spending from businesses located outside of Michigan and the United States to Michigan-based suppliers by the end of 2015.
DTE encourages businesses interested in becoming a supplier to review the information available on its website at dteenergy.com/supplychain. There you’ll find information on the pre-qualification process that DTE uses, bid opportunities, how to contact a buyer and more.