Jan. 15, 2014
- More than 20 Michigan small businesses are awarded contracts with Ford and its Tier 1 suppliers
- 2013 Pure Michigan Business Connect Ford Matchmaking Summit opened the door to additional procurement opportunities that may not have been previously available to Michigan suppliers
- Ford has successful history of bringing together suppliers and small businesses, especially minority-, women- and veteran-owned companies
Ford and its Tier 1 suppliers awarded
in contracts to
-based companies through the 2013 Pure Michigan Business Connect Ford Matchmaking Summit.
Ford hosted the summit in
with the Michigan Economic Development Corporation, in partnership with the Detroit Regional Chamber. Ford, the first OEM to host the summit, used the event to connect more than 300 qualified
suppliers with 12 of the company's purchasing teams and 30 of its Tier 1 suppliers.
"For a program like Pure Michigan Business Connect to be successful, we need leaders like Ford and its commitment to grow our economy organically from within, and we thank them for their investments in
," said Gov.
. "Their commitment, along with those of other PMBC members, means significant growth opportunities for
Supply contracts for more than
were sourced because of the summit, with
originating with Ford and its suppliers. Ford directly sourced
-based small businesses, and its Tier 1 suppliers signed
in contracts with local companies.
"The matchmaking summit allowed the Dura Automotive team exposure to high-quality
small businesses that we otherwise would not be aware of," said
, vice president of global purchasing, Dura Automotive Systems, one of the Ford suppliers that participated in the event. "We sourced more than
with 200 local suppliers in 2013, including
with diverse suppliers. As a
based company ourselves, Dura is thrilled to be supporting growth and job creation in our local community."
Ford has a long history of "matchmaking" suppliers through its Supplier Diversity Development program, which celebrated its 35
anniversary in 2013. Through the program, Ford aims to source at least 10 percent of U.S. purchases from minority, women and veteran-owned businesses. Since the program's inception, Ford has spent more than
with diverse suppliers.
Ford is committed to using home-grown suppliers. In 2012, the company purchased
in goods and services from
"We are proud to be the first OEM to support Gov. Snyder's initiative to increase additional opportunities with
small businesses," said
Hau Thai Tang
, Ford group vice president, global purchasing. "Ford recognizes the importance of our supplier network in the success and growth of our company, and we truly believe in profitable growth for all."
About Ford Motor Company
Ford Motor Company (NYSE: F),
a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 180,000 employees and 65 plants worldwide, the company's automotive brands include Ford and Lincoln.
The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com.
SOURCE Ford Motor Company