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:
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: If an online information source is not working, check the Tracker inventory page for an updated link.