Jan. 16, 2013
/PRNewswire/ -- DTE Energy announced that it exceeded its target for spending with
-based companies last year as part of its ongoing commitment to the Pure Michigan Business Connect Initiative.
, DTE Energy spent
-based suppliers, compared with
spent in 2011 and
in 2010. Spending with
-based companies rose to
last year, compared with
in 2011 and
Overall, DTE Energy increased its overall supply chain expenditures to
, which resulted in the creation of nearly 7,000 full-time jobs in
last year. In addition to its focus on actively seeking
suppliers, DTE Energy also is increasing awareness around its spending with
"It's clear that
has fared better than many other states in recent years, and the movement to doing more business with
companies is part of the reason why," said
, chairman, president and CEO of DTE Energy. "It makes economic sense to keep our dollars in
, whenever possible, and I would encourage every
-headquartered company to do just that."
In 2011, DTE Energy pledged to shift an incremental
over five years to do business with
-based suppliers as part of this initiative. The initiative was part of an
public-private program announced by
at the Detroit Regional Chamber's Mackinac Policy Conference that same year. The program was designed to help
suppliers provide improved services to companies across the state.
Since Gov. Snyder's announcement, DTE Energy has spent more than
suppliers. DTE Energy continues to develop significant areas of growth with its suppliers in the areas of construction, pipeline construction and maintenance, engineering, energy optimization, renewable energy, natural gas storage and IT consulting services.
The 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.