Consumers Energy to invest billions in Michigan businesses
Consumers Energy announced they will be investing $18 billion dollars into Michigan businesses over the next decade, as the announcement came during the West Michigan Procurement Summit.
“This is not about our businesses. This is about our state, and growing our state," Summit keynote speaker Dan Malone, the Senior Vice President of Energy Resources at Consumers Energy said. "And it’s a joy on behalf of Consumers Energy to have been here and working with you all. Over the next 10 years, Consumers Energy will invest over 18 billion dollars in the state of Michigan.”
Hosted by Pure Michigan Business Connect, the procurement summit is a business matchmaking event that encourages local businesses to network with each other in effort to keep sourcing within the state.
“It’s about the state and growing the state. And it’s about Michigan and growing Michigan, because if Michigan grows, we all grow, and all of our business grow,” Malone said.
West Michigan economic development organizations Lakeshore Advantage and The Right Place Inc. partnered with Pure Michigan Business Connect to put on the summit. Lakeshore Advantage President Jennifer Owens spoke during the summit kickoff, stressing that the ability for business in West Michigan to partner together was the foundation behind Pure Michigan Business Connect's inception.
“This organization and this concept was really created by a bunch of really passionate people together in a room saying ‘hey there should be more Michigan companies doing business with each other. How do we make that happen,” Owens said.
Consumers Energy has invested $365 million in Michigan businesses since 2015. Malone told attendees after returns came faster than expected on that investment, the decision was made to invest $5 billion over the next five years and a total of $18 billion over the next ten.