In the next five years, Consumers Energy plans to increase spending with Michigan suppliers by $250 million. This commitment is part of the Michigan Economic Development Corporation’s new Pure Michigan Business Connect initiative which was launched Thursday by Governor Rick Snyder.
John Russell, our president and chief executive officer, noted that in the next five years we will spend $50 million more each year with small and medium-sized Michigan companies. “Working together, we can attract and expand business opportunities for Michigan companies,” Russell said. “We expect the Pure Michigan Business Connect initiative to help Michigan’s economic recovery.”
This new initiative includes participation by the State of Michigan, Consumers Energy and other Michigan companies. This increased commitment to Michigan businesses is in addition to the annual $2 billion we currently spend in the state. That puts us among the largest investors in Michigan.
To implement the new purchasing policy, we have revised our purchasing strategy and will be working with state-based supply chain directors and business organizations on this program.