Economic Development

400 Santa Barbara Blvd. Cape Coral, FL 33991
239.574.0558
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City of Cape Coral
Economic Development Office
Cape Coral City Hall
1015 Cultural Park Blvd.
Cape Coral, FL  33990
(239) 574-0444
(866) 573-3089
ecodev@capecoral.net

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    Nor-Tech Hi-Performance Boats is opening a new 50,000-square-foot facility in Cape Coral and hiring up to 150 workers.

News

Airport Sets New Monthly Record--Serves more than 1.1 Million Passengers in February
Business Observer, March 25, 2019 -- Southwest Florida International Airport (RSW) set a new February record for passenger traffic as more travelers filled fewer flights. During the month, RSW reports 1,117,409 traveled through the terminal, an increase of 6% over February 2018 despite a 1.2% decrease in aircraft operations. Passenger count is also up 7.3% year-to-date over the prior year at 2,167,502 through February.

Cape Coral Taps CBRE to Sell Waterfront Tract--City Envisions "Transformative" Project for 60-acre Site

Business Observer, March 22, 2019 -- 
The City of Cape Coral has hired commercial real estate brokerage firm CBRE Group to market a 60-acre, waterfront tract for sale, which the municipality hopes will be developed into a mixed-use project.  City officials hope the 7 Islands site can be developed into a cohesive project containing a hotel, retail and office space, restaurants and public amenities that could include conference space, a marina and green space.

Nor-Tech Hi-Performance Boats Opens New Production Headquarters in Cape Coral
Cape Coral, FL, March 14, 2019 -- Nor-Tech Hi-Performance Boats is stepping up its staff and production in its new manufacturing headquarters in Cape Coral. The custom boat builder expects the $2 million, 55,000-square-foot facility to increase production by 30 percent.

Collier, Lee Counties Among Healthiest in Florida
Gulfshore Life, March 2019 -- Southwest Florida again ranked high in the Robert Wood Johnson Foundation study. 
Keep it up, Southwest Florida. Collier and Lee counties continue to rank among the healthiest in the state. The Robert Wood Johnson Foundation’s annual health rankings placed Collier the second-healthiest county in Florida (behind St. Johns). Lee came in at No. 11. The foundation makes its rankings based on the length and quality of life.

The 50 Happiest Cities in America, Ranked
Business Insider, March 13, 2019 -- On a list of cities ranked by three main categories — emotional & physical well-being, income & employment, and community & environment, Cape Coral ranks No. 24 out of the 50 happiest cities in our nation.  This Business Insider report cites a recent study by Wallethub that compared 182 of the nation’s largest cities.


FDOT Study Explores Del Prado Direct Access to I-75

Cape Coral, FL, March 4, 2019 -- To decrease congestion, Florida Department of Transportation is studying connect Del Prado Blvd. to Interstate 75. "It's something that we've looked at in the past," said Zachary Burch, an FDOT spokesperson. "In the past, we haven't been able to get it approved."

Sister City Venture with China Moves Forward:  Delegation Visit Set for February 24
Cape Coral, Fla., January 8, 2019 — Four high-level delegates from the Baise Municipality Guangxi Zhuang will be visiting Cape Coral for the first time February 24-27. Preparations have moved into high-gear after city officials received word that the delegates accepted the city’s formal invitation.

Unique Waterfront Development Opportunity: Developers Sought for Seven Islands in Cape Coral
Cape Coral, FL, Jan. 7, 2019  A much anticipated mixed-use project proposed for Northwest Cape Coral called Seven Islands will be marketed nationally this year following the recent approval of a partnership between the Cape Coral City Council and CBRE. There is an approved development plan for the seven rectangular-shaped "islands" connected to the mainland for a mixed-use project on the 61-acre site along Old Burnt Store Road.

Cape Coral: A Magnet for Advanced Manufacturing
Cape Coral, FL, Dec. 22, 2017  Cape Coral, Florida, boasts a thriving advanced manufacturing environment, which includes the production of solar-energy components, electronics, pharmaceuticals, nutraceuticals, optical instruments and ecological technologies, among others. The Cape Coral metro area ranks as the fastest-growing in the nation—for both population and job expansion—and this waterfront city offers room for expansion, a low cost of doing business and ready workforce. 

Cape Coral’s Medical Industry Growing to Meet Market Demands

Cape Coral, FL, Dec. 1, 2017  Cape Coral is making rapid advances in the medical arena, with expansions in medical device makers and distributors, cancer research, assisted living and niche medical businesses. They join a vital medical environment led by Lee Health, which was recently ranked in the top 6 percent on Forbes’ “America’s Best Employers 2017,” and has four health facilities in the city.

Cape Coral: A Magnet for Medical Offices and Services
Cape Coral, FL, Sep. 1, 2017  Cape Coral is experiencing robust growth in health care providers of all types seeking to capitalize on the growing needs of the expanding city in this critical sector. From regional facilities to renowned clinics and assisted living campuses, health-related businesses and medical offices are opening or expanding at a healthy clip in the largest city in Southwest Florida.

Florida Ranked No. 1 for Entrepreneurship
US News & World Report, April 2017  A U.S. News & World Report study ranks Florida No. 1 for entrepreneurship and No. 6 for its overall business environment.

Cape Coral-Fort Myers ranked #1 Fastest Growing Metro Area
Forbes, February 10, 2017  By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes' 2017 list of America's fastest-growing cities.

The Cape Coral-Fort Myers Region Ranked #5 for Young Entrepreneurs
MoneyRates, June 12, 2017  Journey about 80 miles south of Bradenton on Florida's Gulf Coast and you will find this dual community. Its spot in this top 10 comes largely from being the fifth fastest-growing area in the country, and once again Florida has one of the most favorable business tax environments.

Cape Coral Ranked #2 Hottest Real Estate Market in 2017
Trulia, December 28, 2016  Whether you’re looking for an investment or a new city with new opportunities, Trulia has compiled a list of the top 10 real estate markets poised for growth in 2017 based on five key metrics. Did your favorite city make the cut?
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