One key to job creation in Michigan is making sure the resources we have available to drive employment stay within our borders. The Pure Michigan Business Connect (PMBC) initiative is working to ensure that is the case.
A public-private program backed by $8 billion, PMBC is a Business-to-Business (B2B) network that encourages Michigan companies to increase their procurement spending within our state. It’s essentially a matchmaking service seeking to pair up small-business owners who can provide products and services with the state’s larger companies who need them. The program was originally developed by the Michigan Economic Development Corporation.
Michigan’s Energy Industry a Major Supporter
In May, Michigan’s two largest energy companies, DTE Energy and Consumers Energy, announced their plans to spend $2 billion on Michigan-based businesses involved in the PMBC. The state estimates their commitment has created or retained 3,450 jobs. In fact, just last week, Consumers Energy signed a contract with a Michigan-based company to develop a new wind farm, which is expected to create 150 construction jobs. Furthermore, an independent economic study estimated that construction of the wind farm will generate direct and indirect output valued at $160.2 million.
“The Pure Michigan Business Connect initiative is providing quality products and services at competitive prices. In turn, that spending is funding real projects, creating real jobs and making a real difference for Michigan,” explained Jim Pomaranski, Consumers Energy’s vice president of major projects and construction.
At DTE Energy, which spent $820 million with Michigan suppliers in 2012, Chief Financial Officer Dave Meador said, “Our work with Michigan suppliers proves that companies in this state can compete with anyone in the world. We are able to accomplish our goal of supporting Michigan businesses without compromising on cost or quality.”