Michigan - multiple - Compuware Corp.

Company:

Compuware Corp.

Parent Company:

Thoma Bravo

Subsidy Source:

multiple

Location:

Michigan

City:

Detroit

Project Description:

software company headquarters relocation within a state

Year:

1999

Major Industry of Parent:

private equity (including portfolio companies)

Specific Industry of Parent:

private equity (including portfolio companies)

Subsidy Value:

$100,000,000

Program Name:

multiple

Awarding Agency:

multiple

Type of Subsidy:

MEGADEAL

Capital Investment:

$800,000,000

Source of Data:

The value of the property tax exemptions was taken form: Daniel G. Fricker, "Compuware banks on $52-million loophole," Detroit Free Press, December 4, 1999. The value of brownfield tax credit was taken from: Dawson Bell, "Another Compuware break in works," Detroit Free Press, April 7, 2000.

Notes:

The main subsidy package was assembled by the city of Detroit in connection with Compuware's decision to move its headquarters from suburban Farmington Hills to downtown Detroit. The city agreed to exempt both the headquarters building as well as equipment in the building from property taxes, a savings of $70 million for the company. The state legislature later approved a $30 million Single Business Tax Credit for the project. Overlaps with main Subsidy Tracker data: none.

Source Notes:

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Michigan - multiple - Compuware Corp.

Subsidy Tracker Individual Entry