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Cape Coral’s History gives way to the strategic setup for Florida’s second largest city by land mass.
Economic Development Office | Competitive Costs & Business Incentives   Search
Top 10 Reasons Cape Coral is the Natural Fit for Your Business
Cape Coral offers numerous opportunities and business incentives for relocation and expansion.  The City of Cape Coral and the State of Florida offer a variety of tax advantages for corporations looking to relocate to Florida. Your business could qualify for up to $25 million in incentives to relocate or expand in our growing community.  Contact our Cape Coral Economic Development Office today for information about our customized business incentives.
Top 10 Reasons

Competitive Costs and Business Incentives

Cape Coral Business Incentives

 

Competitive Costs and Customized Economic Development Business
Incentives Allow You to Maximize Your Investment

Florida offers competitive cost-of-doing-business and is consistently ranked as one of the top pro-business states in the country. Florida is one of only a few right-to-work states in the U.S. and its tax system clearly provides a business-friendly environment. and many businesses incentives. The City of Cape Coral offers unique economic development business incentives.  Our city has no public service tax and Florida has a low corporate income tax rate and no personal income tax. Florida’s sales tax is only 6%.

It costs less to do business in Cape Coral

Business incentives, resources, and personalized assistance are available from the City of Cape Coral for businesses looking to relocate or expand into Southwest Florida. The Economic Development Office maintains a portfolio of tools for assistance, and routinely designs business incentives to meet special situations and coordinates state and county incentive programs. 

Learn more about Cape Coral's Business Incentives.

Business Tax Incentives for Corporations

Our city has no public service-tax, and Florida has a low corporate income tax rate and no personal income tax. In fact, Florida has the fifth most business-friendly tax system in the U.S., according to the Tax Foundation’s 2010 State Business Tax Climate Index (September 2009). Businesses tax incentives in Florida include: 

No corporate income tax on limited partnerships 
No corporate income tax on subchapter S-corporations 
No corporate franchise on capital stock 
No state personal income tax 
No state-level property tax assessment
No property tax on business inventories 
No property tax on goods manufactured or produced
in Florida for export outside the state 

No sales tax on purchases of raw materials incorporated
in a final product for resale, including non-reusable
containers or packaging 

Competitive Cost of Doing Business

Cape Coral was created as a residential community, but as the city has grown, its local government has demonstrated commitment to encouraging business growth and diversifying the economy. One of the most attractive business incentives is the operational cost savings for businesses located within Cape Coral. The city has no public service tax, therefore, it is less expensive to do business here than in other communities. Residents enjoy low taxes, affordable waterfront housing, and a competitive cost of living.

Cost of Living Index, 2008

 

City

Composite Index

Housing

New York

171

272

Los Angeles

146

247

Washington, D.C.

138

220

Boston

132

154

Seattle

123

152

Chicago

112

131

Cape Coral

99

100

 

Commercial properties can be leased at low prices. The City offers three distinct investment zones, two industrial parks and two Foreign Trade Zones for a total of 3,844 acres for commercial/industrial development.
City of Cape Coral
Economic Development Office		 City Hall
1015 Cultural Park Blvd.
Cape Coral, FL 33990 		 P:  (239)  574-0444
F:  (239)   547-0452
T:  (866)   573-3089		 Email: ecodev@capecoral.net
http://bizcapecoral.com

 
 
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