This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hertz Breaks Ground On Its Global Headquarters In Estero, Florida

Stocks in this article: HTZ

ESTERO, Fla., Nov. 26, 2013 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ) today held a groundbreaking ceremony for its state-of-the-art global headquarters to be located at the intersection of U.S. Route 41 and Williams Road in Estero, Florida. The project is expected to create an estimated 400 headquarter jobs to be filled locally, and approximately 300 positions to be filled by Hertz employees relocating to the Estero area upon its completion in 2015.

(Photo: (Logo:

" Florida is a global tourism epicenter, with more than 89 million visitors last year alone and almost one million Floridians employed in the industry. As the world's largest car rental company, we believe Southwest Florida is the perfect location for our worldwide headquarters," said Hertz Chairman and Chief Executive Officer Mark P. Frissora. "We are gratified, as we commemorate the groundbreaking today, by the ongoing support and warm welcome from public officials at all levels and citizens throughout the region. We are already calling Southwest Florida our home and we will quickly become an important part of the community."

Dignitaries who attended the ceremony included Governor Rick Scott, Enterprise Florida President and CEO Gray Swoope, and Lee County Commission Chairman Larry Kiker and his immediate predecessor Cecil Pendergrass, all of whom were instrumental in bringing Hertz to Southwest Florida. During the ceremony, Governor Scott dedicated the American flag to Hertz as a symbol of the beginning of a long-term partnership and continued prosperity. The dedicated flag was flown over the Florida state capitol on Friday, November 15, 2013 to coincide with the governor's announcement that Florida had achieved a record third quarter for visits from travelers the world over.

As part of Hertz's rebranding efforts, the new headquarters building will apply best practices in sustainable design and construction to achieve LEED Gold certification – from energy-efficient lighting and equipment, and recycled building materials and finishes, to the installation of solar panels and water-saving fixtures. The building design will help Hertz create a best-in-class work environment for its employees.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,806.40 +28.25 0.16%
S&P 500 2,074.67 +13.44 0.65%
NASDAQ 4,777.6440 +29.2480 0.62%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs