Subsidy Tracker Individual Entry

Company: 
Covisint, L.L.C.
Parent Company: 
Subsidy Source: 
state
Location: 
Michigan
City: 
Southfield
Address: 
26533 Evergreen Rd. Southfield
Zip: 
48076
Project Description: 

Michigan Business Development Program - Covisint Corporation, is a business-to-business cloud company that provides platforms for enterprises that must securely share, integrate and present trusted information to people and devices across networks of business partners and customers. On October 31, 2014, the company was fully spun off from its parent, Compuware Corporation, and is looking to grow in markets outside of the auto industry. Covisint plans to lease space and establish a new headquarters in the City of Southfield, investing up to $5.5 million and creating 50 jobs. As a result, the company has been awarded a $1.5 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Texas and North Carolina. The City of Southfield has offered support to the project in the form of property tax abatement.

Year: 
2015
Subsidy Value: 
$1,500,000
Program Name: 
Business Development Program
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
grant/loan hybrid program
Number of Jobs or Training Slots: 
50
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
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