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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Youngstown Municipal Airport
Additional Travel Information
The Budget Car Rental at the Youngstown Municipal Airport (YNG) is located on-site, so you’ll be able to pick out a YNG car rental from our line of Youngstown airport car rentals after you’ve collected your luggage. In a hurry? Sign up for the Fastbreak program.
Once you’re off and running, you should check out Mills Creek Park is a landscaped woodland area stretching for 5 miles and the oldest park district in Ohio. It features numerous eco-trails, two 18 hole Donald Ross golf courses, the Fellows Riverside Gardens, the rock formations of Bear’s Den, the completely refurbished 19th century Lanterman’s Mill, and the “Cinderella” iron link bridge, which is thought to bring fortune to anyone who crosses it.
Fortune isn’t something normally associated with this part of America—it was a symbol of the demise of manufacturing and was even referenced by Bruce Springsteen in the song “Youngstown”. However, the city’s reputation is changing thanks to an influx of investment, particularly in the downtown. A drive down Federal Street is definitely worth it to see the new look of Youngstown.
For the best deals on Youngstown Municipal Airport rental cars, make Budget your first stop, and enjoy your stay!
Additional Location Information
Select from a wide variety of vehicles at Budget Youngstown Municipal Airport, check out the latest Youngstown Municipal Airport Car Rental Deals, and be confident that you are getting the best rental rates in Ohio !
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