Subsidy Tracker Individual Entry

Company: 
Hertz
Parent Company: 
Hertz
Subsidy Source: 
multiple
Location: 
Florida
City: 
Estero
County: 
Lee
Project Description: 

corporate headquarters relocation

Year: 
2013
Major Industry of Parent: 
miscellaneous services
Specific Industry of Parent: 
car rentals
Subsidy Value: 
$84,800,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
700
Source of Data: 

A press release issued by Enterprise Florida on May 7, 2013 (and available online at http://efloridainnovation.com/governor-scott-and-hertz-announce-corporat...) announced the deal and jobs figure but not the subsidy value. The latter was included in press coverage such as a May 7 Associated Press story available online at, for example, http://www.northjersey.com/parkridge/206408211_Hertz_moves_from_New_Jers....

Notes: 

The state and Lee County offered the package--which included $16.8 million in immediate subsidies and $68 million in tax breaks over 20 years--to get Hertz to relocate its corporate headquarters from Park Ridge, New Jersey. The specific subsidy programs were not immediately reported. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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