Eighteen big Detroit businesses and institutions have set a goal of awarding $1 billion worth of work to smaller city firms in 2016.
About 300 Detroit-based firms ranging from restaurants, IT consultants to construction firms met Thursday at the Greektown Casino Hotel with representatives from the 18 organizations that represent the “D2D Buyers Council.”
In 2014 the D2D Buyers Council purchased $925 million in products and services from other Detroit businesses. Results for 2015 are not yet available, but D2D projects that Detroit-based purchases could hit the $1 billion mark by the end of 2016.
Detroit Mayor Mike Duggan said, “That $1 billion figure shows the value that Detroit’s anchor institutions have found in other Detroit companies. They are buying local because it makes good business sense.”
During the event, companies participated in more than interviews with large purchasing institutions, including the city of Detroit. On the table were 200 bidding opportunities that buyers will be offering over the next year.
Most of the purchasers are members of the D2D Buyers Council, which consists of 18 organizations: Bedrock Real Estate Services, Blue Cross Blue Shield of Michigan, Comerica Inc., Compuware, Crain Communications, DMC, DTE Energy, Ernst & Young, Ford Field, Greektown Casino Hotel, Henry Ford Health System, Lowe Campbell Ewald, Quicken Loans, Skidmore Studio, Strategic Staffing Solutions, University of Detroit Mercy, Urban Science and Wayne State University.