Hertz Corporation announced that the company will relocate its worldwide headquarters to Lee County, Florida, from Park Ridge, New Jersey. The decision comes following Hertz’ recent acquisition of the Dollar Thrifty Automotive Group, last November.
Dollar Thrifty is currently headquartered in Tulsa, Oklahoma. A statement from the company said, consolidating the corporate offices to one location will allow for increased efficiencies and cost synergies across the company. Additionally, access to the Florida travel and tourism population will position the company for long-term growth.
Hertz also noted that Orlando is the world’s largest car rental market, and that Miami is a hub for accelerating travel growth between the United States and Latin America.
Starting this year, up to 700 jobs will be relocated to Florida over a two-year period. More than 2,000 Hertz and Dollar Thrifty personnel will remain in New Jersey, including approximately 150 employees who currently work in Park Ridge.
Company officials also said that, “Hertz and Dollar Thrifty have more employees in Florida than in any other state except California, and Florida rents more cars per capita than any other state. Florida provides ready access to a vast and diverse talent pool, including 3,000 of our own employees, as we grow our businesses. All of these factors supported the company’s final decision.”
Hertz was founded in Chicago, Illinois in 1918, and moved its headquarters to New Jersey from mid-town Manhattan in 1988.
