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DTE ENERGY CO (DTE)
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DTE Energy : New regional economic development group, Detroit Regional Partnership, is up and running

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01/11/2019 | 06:58am EST

DETROIT - A new organization dedicated to spurring job growth in Southeastern Michigan is up and running.

The newly-named Detroit Regional Partnership is charged with creating a world-class marketing and attraction economic development arm for the 11-county region - sending a message to the world that Southeast Michigan is a united region with strong assets.

Led by CEO Barry Matherly, the group kicked off a 30-day listening tour with stakeholders across the 11-county region to learn more about each community's economic development programs and priorities.

'I spent my first few days with community leaders in Monroe, Lenawee and Washtenawcounties, and I'm excited to meet with the remaining eight counties over the next few weeks,' said Matherly, who transitioned from a former role as president and CEO of a similar initiative in Virginia. 'This region has so much potential, and I'm excited to build on progress to date and help take it to the next level.'

The Detroit Regional Partnership organization will build upon the people and assets of the Business Attraction group that was formerly part of the Detroit Regional Chamber.

'Having an organization dedicated to marketing our region and attracting investment is such an important step forward in our region's momentum and recovery,' said Gerry Anderson, DTE Energy Chairman and CEO, and chair of the Detroit Regional Partnership. 'This group is exactly what its new name reinforces: a partnership - by the region and for the region - to attract investment and jobs that will add vitality to our communities.'

About Detroit Regional Partnership

The Detroit Regional Partnership is an economic development nonprofit serving Southeast Michigan's 11-county region. Founded in 2019 by a group of business and philanthropic CEOs, the organization is laser focused on marketing the region to out-of-state and international companies to attract investments and jobs.

Contact:

Paula Silver

Tel: 313.235.5555

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 12 460 M
EBIT 2018 1 617 M
Net income 2018 1 119 M
Debt 2018 14 358 M
Yield 2018 3,14%
P/E ratio 2018 18,57
P/E ratio 2019 18,18
EV / Sales 2018 2,80x
EV / Sales 2019 2,84x
Capitalization 20 592 M
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Mean consensus HOLD
Number of Analysts 14
Average target price 118 $
Spread / Average Target 4,5%
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Managers
NameTitle
Gerard M. Anderson Chairman & Chief Executive Officer
Gerardo Norcia President & Chief Operating Officer
Peter B. Oleksiak Chief Financial Officer & Senior Vice President
Steven B. Ambrose Chief Information Officer & Vice President
David E. Meador Vice Chairman & Chief Administrative Officer
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