Hertz Global Holdings by the numbers

Hertz has been revealed as the previously unnamed Fortune 500 company “Project A,” and it has officially decided to relocate its corporate headquarters to Lee County.

(AP)

Hertz has been revealed as the previously unnamed Fortune 500 company “Project A,” and it has officially decided to relocate its corporate headquarters to Lee County. (AP)

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.

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