DTE Energy today announced it surpassed its five-year local and diverse supplier spending goal several months ahead of schedule.
In June of 2019, DTE committed to spending $10 billion with Michigan-based suppliers and $2.5 billion with diverse suppliers over the next five years as part of the Michigan Economic development Corporation’s (MEDC) Pure Michigan Business Connect initiative.
As of June 30, 2023, DTE achieved this goal, spending $10.4 billion with Michigan suppliers since 2019. The company also spent nearly $3 billion with diverse suppliers based in Michigan during the same time.
Diverse suppliers are businesses that are at least 50 percent owned by racial minorities, disabled people, women, military veterans, and members of the LGBTQ community.
“Our investment in Michigan suppliers has created or retained thousands of jobs over the past five years,” said DTE Corporate Services Vice President Jaspreet Singh. “We’re continuing to create opportunities for businesses to succeed here in Michigan and we’re urging other large companies to adopt the same commitment.”
DTE is a founding member of the Pure Michigan Business Connect program – an MEDC initiative that works across industries to connect small to medium-sized Michigan suppliers with local, national, and global purchasers to explore new business opportunities.
Read more stories about how DTE suppliers in your area are succeeding here.