Mayor Mike Duggan announced Detroit Economic Growth Corporation’s D2D program set a target of $1 billion in Detroit-to-Detroit business spending by its 18-member Buyers Council as it opened the 2016 D2D Matchmaking Opportunity Event in February at the Greektown Casino Hotel.
In 2014 the D2D Buyers Council purchased $925 million dollars in products and services from other Detroit-based 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.
Mayor 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. There are terrific companies represented at this event, and that’s why the City of Detroit is here. We brought more than $20 million in City bidding opportunities with us, and we just might identify qualified suppliers for some of those right here.”
During the event, companies participated in more than 200 “speed-dating”-style interviews with 11 large purchasing institutions, including the City of Detroit. On the table were 200 bidding opportunities that buyers will be offering over the next year. President and CEO of Detroit Economic Growth Corporation (DEGC) Rodrick T. Miller said, “Relationships count in business, and this D2D event gives small companies a chance to make direct, face-to-face contact with buyers from big purchasing organizations, and to learn first-hand what those buyers require from their suppliers.”
The Matchmaking Opportunity Event addresses a second obstacle of small businesses – finding technical assistance and financial resources to grow — by providing direct access to 19 organizations that offer that help. D2D Program Director Brian Watkins said, “Business comes to companies that have the capacity, internal systems and necessary certifications to meet the requirements of large purchasing organizations. D2D tries to connect Detroit businesses to the resources they need to become what we call ‘Buyer Ready.’”
In all, close to 300 people participated in the event.
Business owners who want to participate in D2D programs can start by visiting http://d2dbusiness.org and registering in the Pure Michigan Business Connect (PMBC) database using PMBC link on the home page. Information about becoming a Detroit Certified Business can be found by following the Selling link on the home page, or visiting http://www.detroitmi.gov/How-Do-I/Find/Human-Rights-Forms
D2D is funded by the New Economy Initiative of Southeastern Michigan, a $140 million philanthropic effort to help make thousands of ideas the next economic engine by getting entrepreneurs and small businesses what they need, when they need it, in order to succeed and grow.
D2D Program Manager