Based on workforce data and the Future Land Use plan, Cape Coral can be a preferred location for office and company headquarters and for high value-added manufacturing. Cape Coral is one of the largest master-planned communities in the nation.

Founded in 1970, Cape Coral was designed to be a “water wonderland” that is strategically located between Tampa and Miami. The Cape is a widely renowned place to live and is a dynamic city where businesses thrive and life is rich with educational, cultural and recreational opportunities. Cape Coral’s population has surpassed 170,000 residents and 8000 businesses, and the growth continues. About 45% of the city’s residential lots are developed. At build-out, the Cape’s population is estimated to be more than 400,000.

The Cape Coral Economic Development Office is available to assist investors and businesses to establish a successful business, provide information on incentives, property location and direction as they navigate through the relocation and construction process.

Cape Coral Economic Development Office
Local: (239) 574-0444 Toll Free: 1-866-573-3089

Top Reasons Why Cape Coral Is the Right Fit For Your Business

Land of Opportunity!
Your market is here! With all the tools you need for business - educated and available workers, plenty of office, retail and industrial properties, an award-winning mid-hub international airport within 20 miles, and affordable workforce housing, Cape Coral is right for your business.  Cape Coral is, at 120 square miles, the 3rd largest city in Florida.

Strategic Location:
Cape Coral is the midpoint city between Tampa and Miami. Almost 75 percent of Florida’s population is within 150 miles of Cape Coral and easily accessible via I-75. The Cape is 6 miles from I-75 and even closer to U.S. 41. Southwest Florida International airport is only 17 miles away.

Youthful, Educated Labor force:
More than 50 percent of the population is age 43 or younger and the median age is 43. The fastest growing population segment in Cape Coral is among the 45-54 age group according to the US Census. Businesses can choose from a pool of nearly 500,000 skilled workers from the tri-county area.

Investment Opportunities:
With a total of 120 square miles of land, Cape Coral is the 3rd largest city in Florida in terms of land mass. The city offers three distinct investment zones (City Centrum, Pine Island Road Corridor and Downtown CRA), two industrial parks and two Free Trade Zones. These areas offer approximately 3,844 acres for commercial/industrial land.

Resource Availability:
Cape Coral has undertaken a utilities infrastrucure program to provide water, sewer, and irrigation services to every parcel within the the city. The Reverse Osmosis plant in Cape Coral offers a plentiful and reliable supply of potable water. Roadways are established and traffic flows easily. Telecom companies provide fiber optics and other advanced services all over the Cape. 

Competitive Cost of Living:
The City of Cape Coral (as well as all of Florida) has no personal income tax. Reasonably priced housing is available with the median house price at $132.145 (Source: ESRI Business Analyst, May, 2009). Residents enjoy low taxes, efficient City services and a positive economic climate.

Tropical Lifestyle / Waterfront Living:
Take pleasure in Cape Coral’s tropical lifestyle. The city has 400 miles of freshwater and saltwater canals, gulf access, waterfront sports, community activities and low crime rates. Cape Coral is the third safest city in Florida for populations over 150,000 according to the Florida Department of Law Enforcement.

Emerging Clusters:
The city's business community includes emerging clusters such as health related services, professional business services, aerospace, marine fabrication, defense contracting, and transportation.

Pro-Business Attitude:
The City of Cape Coral’s Economic Development Office works to create a pro-business climate that helps businesses to succeed and grow. In 2009, Bizjournals ranked the Cape Coral-Fort Myers Metropolitan Statistical Area #20 among the best places to open a business in the US.  In 2007, INC Magazine ranked the Cape Coral-Fort Myers Metropolitan Statistical area #1 for doing business among cities over 100,000.  Forbes.com ranked the Cape Coral-Fort Myers MSA the top community in the nation for job growth in 2007. (Source: Forbes.com)