Business Services Industry
Vehicle Online Exchange to Pick Southfield, Mich., or Detroit for Headquarters.
Knight Ridder/Tribune Business News, November, 2001
By Jeff Bennett, Detroit Free Press Knight Ridder/Tribune Business News
Nov. 14--It's now a fight between Detroit and Southfield over which city will become the headquarters for Covisint LLC after the state awarded the automotive online exchange a $59.3-million tax incentive package Tuesday to keep it from fleeing to Atlanta.
The Michigan Economic Development Corp. announced the Covisint package along with two others. General Motors Corp. will receive $59.5 million in tax credits over 20 years to keep production lines rolling at the Lake Orion plant. And Visteon Corp. of Dearborn will receive $15.7 million in tax credits over 13 years if it builds its headquarters in Michigan instead of Toledo.
Dan Jankowski, Covisint's vice president of...
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