DTE Energy invests $2.5 billion with Michigan suppliers including Detroit-based and diverse businesses

Company spends $894 million with diverse suppliers and $900 million with Detroit-based businesses, creating thousands of local jobs

Detroit, March 16, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today announced it invested $2.5 billion with Michigan businesses in 2022, creating and sustaining more than 11,000 jobs across the state.

DTE has invested nearly $18 billion with Michigan-based suppliers since 2010, creating and sustaining 65,000 Michigan jobs. The company invests five times more with local businesses than it did a decade ago and continues to be a leader in driving Michigan’s economy. The company’s local spending in 2022 increased 13.5 percent over 2021. Last year, DTE also spent more than $894 million with diverse suppliers and $900 million with companies based in the city of Detroit.

“Doing business in the communities we serve puts people to work and drives Michigan’s economy forward,” said Jerry Norcia, DTE chairman and CEO. “Prioritizing partnerships with in-state suppliers is a big part of our commitment to improving people’s lives because it gives local businesses new opportunities to succeed. And the best part is these partnerships enable us to deliver higher quality, lower cost service for our customers.”

DTE partners with businesses throughout Michigan:

• • Southeast Michigan and Metro Detroit: DTE bought nearly $1.9 billion in goods and services from more than 1,261 companies, generating and supporting at least 8,700 jobs.
  • West Michigan: DTE spent $125 million with about 194 companies, creating and sustaining nearly 570 jobs.
  • Northeast and Northwest Michigan: DTE invested nearly $19 million with 120 companies, positively impacting 85 jobs.
  • South Michigan: DTE partnered with more than 315 companies, spending $255 million and adding or maintaining 1,170 jobs.
  • Central Michigan: DTE invested $69 million with more than 83 companies, creating and sustaining nearly 310 jobs.
  • Thumb Region: DTE spent $117 million with 126 companies, positively impacting about 525 jobs.
  • Upper Peninsula: DTE partnered with more than 41 businesses, spending $20 million and generating and supporting nearly 90 jobs.

DTE is a founding member of Pure Michigan Business Connect, a public-private initiative that encourages businesses to buy from Michigan suppliers and connects local companies with in-state opportunities. DTE requires that most new bids include at least two Michigan companies.