DTE Energy's $3.3 Billion Investment in Michigan Suppliers: A Boon for Local Economy and Job Creation

In 2024, DTE Energy, a Detroit-based diversified energy company, invested a significant $3.3 billion with Michigan suppliers, creating and sustaining nearly 14,000 jobs across the state. This substantial investment demonstrates DTE's commitment to driving statewide economic growth and supporting local communities. The company's strategic procurement strategy has not only benefited the local economy but has also contributed to job creation and sustainability.

DTE's investment in Michigan suppliers has seen a consistent increase over the years. In 2023, the company spent $2.7 billion with Michigan businesses, creating and sustaining more than 12,000 jobs. This represents a 22% increase in investment and a 16% increase in job creation and sustainability from 2023 to 2024. Furthermore, DTE's cumulative investment with Michigan-based suppliers since 2010 has reached over $24 billion, creating or sustaining 92,000 jobs. This highlights a consistent and growing commitment to supporting the local economy.

DTE's investment in Michigan suppliers has had a significant impact on various sectors and regions across the state. In 2024, the company spent nearly $2.53 billion in goods and services from 1,001 companies, including $955 million with companies located in Detroit. These efforts generated and supported at least 11,000 jobs, with the Southeast Michigan and Metro Detroit region receiving the highest amount of spending. This focus on local businesses and job creation has contributed to the growth and prosperity of the region.

DTE's commitment to local and diverse suppliers has also fostered an inclusive business environment, benefiting underserved communities. In 2024, DTE spent nearly $1 billion with certified diverse suppliers, advancing its 2020 diversity goal. This approach helps create sustainable economic ecosystems and promotes long-term economic resilience. DTE's partnerships with local suppliers like Detroit Voltage and Ask Motor City Electric (MCE) go beyond economic transactions, involving community engagement, education, and mentorship. These collaborations inspire future generations and create a positive impact on local economies.



DTE's investment in Michigan suppliers has had a positive impact on various sectors, with the electric vehicle (EV) charging infrastructure and renewable energy sectors being key beneficiaries. Detroit Voltage, a Detroit-based energy projects and electric infrastructure company, has been a significant beneficiary of DTE's supplier spending. Since last spring, Detroit Voltage has installed hundreds of EV charging stations on behalf of DTE. The company's founder and CEO, Deana Neely, attributes the success of her business to the consistent pipeline of opportunities from DTE. This focus on EV charging infrastructure supports the growing demand for electric vehicles and contributes to Michigan's clean energy transition.

DTE's investment in renewable energy projects has also benefited local suppliers like Ask Motor City Electric (MCE). MCE has partnered with DTE on numerous projects over the last 40 years, including work on overhead lines, substations, and renewable energy projects. As DTE continues to invest in renewable energy, this sector is expected to see further growth in supplier spending.



DTE's commitment to local and diverse suppliers has contributed to Michigan's economic growth in several ways. The company's investments create and sustain jobs, stimulate regional development, promote supplier diversity, and foster community engagement. By focusing on local businesses and supporting underserved communities, DTE has made a tangible positive impact on the Michigan economy.

As DTE continues to invest in Michigan suppliers, the state's economy will likely see further growth and prosperity. The company's strategic procurement strategy has proven to be a win-win situation, benefiting both DTE and the local communities it serves. By investing in local suppliers, DTE not only supports the growth and development of Michigan's economy but also ensures higher quality, lower cost service for its customers.

In conclusion, DTE Energy's $3.3 billion investment in Michigan suppliers in 2024 has had a significant positive impact on the local economy and job creation. The company's commitment to local and diverse suppliers has contributed to Michigan's economic growth by creating jobs, stimulating regional development, promoting supplier diversity, and fostering community engagement. As DTE continues to invest in Michigan suppliers, the state's economy will likely see further growth and prosperity.