Oct. 1, 2012
/PRNewswire/ -- DTE Energy said today it has exceeded target for spending with
based companies through August, as part of its ongoing commitment to the Pure Michigan Business Connect Initiative. Through August, DTE Energy spent
-based suppliers compared to
during the same period a year ago.
DTE Energy said also it expects to surpass its annual spend target of
by the end of 2012 and now expects to spend
December 31, 2012
"DTE Energy's commitment to the Pure Michigan procurement initiative continues to be an engine for growth in the communities that we serve," said
, DTE Energy Chairman, President and CEO. "This has been a tremendous contribution to the emerging market of suppliers that have improved their processes and are helping to revitalize this state's economy."
The company's overall supply-chain spend is expected to result in the creation of more than 6,800 full-time jobs in
, by the end of the year.
In addition to its focus on actively seeking
suppliers, DTE Energy is also increasing awareness around spend with
In 2011, DTE Energy pledged to shift an incremental
over five years to do business with
based suppliers, as part of this initiative. Announced last summer at the Detroit Regional Chamber's Mackinac Policy Conference by Gov.
$8 billion dollar
public-private program is designed to prepare and develop
suppliers to provide services to companies across the state.
Pure Michigan Business Connect Initiative, which is administered through an alliance with the Michigan Economic Development Corporation (MEDC), also helps companies find new ways to raise capital; get access to a variety of business services and provides business-to-business procurement opportunities.