{"id":90529,"date":"2020-05-21T14:24:22","date_gmt":"2020-05-21T19:24:22","guid":{"rendered":"https:\/\/news.medill.northwestern.edu\/chicago\/?p=90529"},"modified":"2020-05-26T20:17:15","modified_gmt":"2020-05-27T01:17:15","slug":"possible-hertz-bankruptcy-could-affect-sw-florida","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/possible-hertz-bankruptcy-could-affect-sw-florida\/","title":{"rendered":"Possible Hertz bankruptcy could affect SW Florida"},"content":{"rendered":"<p><strong>By Samone Blair<\/strong><br \/>\n<em>Medill Reports<\/em><\/p>\n<p class=\"dropcap\">Hertz, the rental-car company based in Estero, Florida, is in financial trouble amid the coronavirus pandemic. The SEC has given Hertz until Friday to restructure its debt.<\/p>\n<p><iframe title=\"Possible Hertz Bankruptcy to Affect SW Florida Headquarters\" src=\"https:\/\/player.vimeo.com\/video\/421250619?dnt=1&amp;app_id=122963\" width=\"800\" height=\"450\" frameborder=\"0\" allow=\"autoplay; fullscreen\" allowfullscreen><\/iframe><\/p>\n<p>According to Village of Estero Mayor Bill Ribble, Southwest Florida would miss the business, if it were to go out of business. Not only would Floridians working at the corporate campus be out of a job, but hundreds of homes would go on the market, partnerships with nearby Florida Gulf Coast University would end, and the local area would no longer benefit from the company&#8217;s altruism.<\/p>\n<p>&#8220;They&#8217;ve been a part of a lot of the projects we&#8217;ve had in the area,&#8221; Ribble said. &#8220;Habitat for Humanity, they&#8217;re a big driver for the United Way, and certainly that&#8217;d be a loss for the non-profits.&#8221;<\/p>\n<p>Update 5\/24: Hertz filed for bankruptcy Friday evening. Hertz joins several other companies that have filed bankruptcy during the coronavirus pandemic, including J.Crew, JCPenney, Gold&#8217;s Gym and Neiman Marcus.<\/p>\n<div class=\"featurecaption\">Photo at top: Flags fly at Hertz Global&#8217;s headquarters in Estero, Florida. (Samone Blair\/MEDILL)<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Samone Blair Medill Reports Hertz, the rental-car company based in Estero, Florida, is in financial trouble amid the coronavirus pandemic. The SEC has given Hertz until Friday to restructure its debt. According to Village of Estero Mayor Bill Ribble, Southwest Florida would miss the business, if it were to go out of business. Not [&hellip;]<\/p>\n","protected":false},"author":687,"featured_media":90530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,5029,5008],"tags":[192],"class_list":["post-90529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-covid-19","category-spring-2020","tag-promo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Possible Hertz bankruptcy could affect SW Florida - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/possible-hertz-bankruptcy-could-affect-sw-florida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Possible Hertz bankruptcy could affect SW Florida - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Samone Blair Medill Reports Hertz, the rental-car company based in Estero, Florida, is in financial trouble amid the coronavirus pandemic. The SEC has given Hertz until Friday to restructure its debt. According to Village of Estero Mayor Bill Ribble, Southwest Florida would miss the business, if it were to go out of business. 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