Published: May 07, 2013 11:16 PM EDT
Updated: May 07, 2013 11:25 PM EDT

LEE COUNTY, FL--Two Fortune 500 companies are bringing thousands of new jobs to Southwest Florida.

Hertz Corporation is moving its headquarters from New Jersey to south Lee County and will have 700 jobs at the headquarters.

Coca Cola said it's investing $2 billion to plant about 25,000 acres of new orange groves across Hendry and Desoto counties and that will generate about 4,100 jobs.

"This is not only a home run, it is a grand slam," said Estero Council of Community Leaders Roger Strelow.

It's a grand slam that is said to be the one that will put southwest Florida on the map.

"There has never been a more significant economic event in the history of this county since 1887," said Lee County Commissioner Frank Mann.

Tuesday morning, the Hertz corporation announced it will move its headquarters to Estero.

It will creating 700 new jobs with an average salary of $102,000 dollars a year.

FGCU economics professor, Gary Jackson, says  that's just the start.

"It's not even the 700, it is the fact that the money is being spent here, creating opportunities for people to do service," said Jackson.

"It is going to help businesses that are already here; it should help attract businesses,' said Strelow.

It's expected that 400 new construction jobs will be created for building Hertz' new headquarters.

Right down the road, a possible new hospital will be built, creating even more jobs.

"Oh my god, I think that is awesome. We have suffered so long through a rough economy," said Estero resident Carole Cristopher.

Coco-Cola will spend 2-billion dollars to plant 5 million new orange grove trees throughout Polk, Desoto and Hendry counties for their Minute Maid and Simply Juice brands.

Florida's agriculture commissioner says that's expected to create 4,100 new jobs.

Tyler and Amy Harvey are possibly moving to the Estero area and after hearing the news, they say it attracts them even more.

"I am just excited that if we are buying here, that it is going to continue to drive up the market in the area," said Harvey.

Hertz is expected to pump in nearly $300 million in to our local economy each year.