Hertz Global Holdings By the Numbers
Hertz headquarters jobs: 700
Spin-off jobs: 1,004
Land cost: $11.25 million
New headquarters construction: $50.5 million
New headquarters size: 300,000 square feet
Furnishings and equipment: $7 million
Average annual Hertz headquarters wage: $102,000
2011 average annual wage across all industries in Lee County: $38,193
Hertz relocation incentives from Lee County: $4 million
Relocation incentives from Florida: $14 million
Hertz Global Holdings Relocation Timeline
October 2012: Lee County officials are approached by a consulting firm about a Fortune 300 company looking to relocate.
November 2012: Hertz completes its $2.3 billion acquisition of Dollar Thrifty Automotive Group Inc., based in Tulsa, Okla.
March: Oakbrook Properties, a Bonita Springs company, is approached by Lee County Economic Development about an unknown Fortune 500 company interested in its Estero property.
April: Hertz reveals to Oakbrook Properties it wants to purchase the roughly 35-acre vacant tract and signs a purchase contract.
April 30: Lee County commissioners award $4.6 million in economic incentives to a yet-to-be-named company.
May 3: Florida legislators pass a $74.5 billion budget containing about $12 million in economic incentives for a yet-to-be-named company.
May 7: Hertz Global Holdings is announced as the unnamed company planning to relocate to Estero. The company issues public corporate announcement about relocating to Florida.
June 21: Application will go before the Regional Planning Council (tentative date)
June 27: Application will go before the Lee County hearing examiner (tentative date)
July 2013 (proj.): Hertz employees expected to decide whether they will move to Estero.
Aug. 5: Application goes before Lee County Commissioners
October 2013 (proj.): Hertz employees expected to move to Estero during the next six months.