Economic Development

400 Santa Barbara Blvd. Cape Coral, FL 33991
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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

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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 FL 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 ten 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?

Florida Named Top State for Best Business Climate

Business Facilities, August 3, 2016 - Gov. Rick Scott has made a business-friendly environment the top priority of his tenure as FL’s chief executive. Scott has made good on his promises to get rid of unnecessary regulations and lower the tax burden for job creators.

Cape Coral Receives A+ Bond Rating

Business Wire, March 31, 2015 - Fitch Ratings has assigned an 'A+' rating to the following Cape Coral, FL (the city) bonds:--$44,185,000 special obligation refunding revenue bonds, series 2015.

Proceeds will be used to refund the series 2006 special obligation bonds and includes $4.9 million in new money for vehicles, IT equipment and other equipment.

Shopping, Dining Takes Off on Pine Island Road
News-Press, February 15, 2015 - Drivers zipping past on Pine Island Road undoubtedly have noticed the opening of the big new Sam's Club at the intersection with Hancock Bridge Parkway. But other businesses in the area, some new and some a little older, offer additional choices to shoppers and diners. 

Cape Coral Makes Top Ten Cities to Live in Florida List

Telegraph, February 11, 2015 - In fact, three Southwest Florida cities made the list!
New Online Business Workforce Guide

CareerSource Southwest Florida launched an online regional Business Workforce Guide for information on employment and training resources, labor market information and area demographics.  To view the guide, click here.

Cape Coral Disability Lawsuit Prevention
Fox 4 Jan. 26, 2015 - The Cape Coral Chamber of Commerce wants you to know about a rash of lawsuits targeting businesses that don’t meet guidelines for those with disabilities.

Equity Returning for South Florida Homeowners
Sun Sentinal, Jan. 22, 2015 - More South Florida homeowners became "equity rich" by the end of 2014, giving them options they haven't enjoyed since the housing boom.

Lee Memorial Breaks Ground for New Cape Coral Outpatient, Jan. 9, 2015 - Lee Memorial Health System recently hosted the official groundbreaking for its new outpatient center in Cape Coral. When completed, the 27,000 square-foot center will provide Cape Coral residents an alternative to treatment at the hospital and emergency room.

Lee, Collier Economy to Boom in 2015, Jan. 6, 2015 - Two segments of Southwest Florida are expected to be among the leaders in growth in 2015, according to a state economic preview released Tuesday. The Naples-Marco Island area is expected to see 4.7 percent growth — tops in the state — while the Cape Coral-Fort Myers market is projected to see 4.3 percent growth, good for fourth in the state, according to Florida TaxWatch.

Florida Ranks Second  Among Movers
Sun Sentinal, Dec. 30, 2014 - Florida was the nation's second most-popular destination for movers this year, according to Allied Van Lines. The company moved 6,558 people into the state and 4,807 out. The 1,751 net gain was up from 1,115 the year before, Allied said in an annual report.

Florida No. 5 for Small Business Friendliness
Tampa Bay Business Journal, Dec. 26, 2014 - Florida has the fifth best public policy climate for entrepreneurship and small businesses among the 50 states, according to the 2014 Small Business Policy Index.

Florida Overtakes New York as Third Most Populous State
Tampa Bay Times, Dec. 23, 2014 - Florida's leapfrog over New York had been anticipated all year long. The population gap between the two states had been narrowing about 150,000 a year between 2010 and 2013, and last year Florida's population was a mere 100,000 shy of matching New York's.  Florida Gov. Rick Scott embraced the state's milestone as "exciting" and tethered it to improved job creation and lower unemployment.

Where the Jobs Will (And Won't) Be in 2015
Forbes, Dec. 9, 2014 - Cape Coral used tIf you hope to land a job in the next three months, where in the US will you find the most vibrant employment market? According to the just-released Employment Outlook Survey from Milwaukee-based staffing giant ManpowerGroup, the No. 1 spot is the Cape Coral “Metropolitan Statistical Area,” a city designation coined by the Office of Management and Budget. 

Businesses Filling Vacant Cape Coral Spaces
WINK News, Sep. 10, 2014 - Cape Coral used to be one of the top places in the country for foreclosures, with lots of empty strip malls and vacant homes.  Only WINK News is learning, things are turning around, and more new businesses are filling old spaces.  You'll see a lot of retail and new restaurants, as well as mom and pop shops.  These strip malls in Cape Coral once used to sit as eyesores, but now they are great places to visit.
Cape Coral Company Cleaning Up
News-Press, Sep. 7, 2014 - Clients and distributors flew halfway across the world to stay in Cape Coral for the last week. The farthest traveled 50 hours for a conference at Ecological Laboratories on the application and impact of environmentally friendly technology. With almost 40 years in business and 17 years in the Cape, the privately owned company has created a global niche in the areas of pond treatment, aquarium maintenance, crop enhancement and water quality.
Florida Ranks No. 2 in Tech Job Creation in 2014
Tampa Bay Business Journal, Aug. 4, 2014 - In just the first six months of 2014, Florida has created nearly as many tech jobs as the state did in all of last year. That puts Florida in the No. 2 spot in a new report from Dice, a career site for technology and engineering professionals.
Cape Coral A Top City for Business Start-up in 2014
August, 2014 - WalletHub ranks Cape Coral No. 9 best city to start a business in 2014.  WalletHub analyzed the relative start-up opportunities that exist in the 150 largest cities in the United States in terms of population.  Analysts used 14 unique metrics, ranging from 5-year survival rate and the affordability of office space to the educational background of the local labor force.
Big Business Growth in Cape CoralWINK News, July 16, 2014 - Some of your favorite places to shop and eat are under construction in Cape Coral. WINK News is learning these big name brands mean big business for the city.

Drive across the Cape Coral bridge and you won't be able to miss a Culver's under construction. Continue on your journey, and you'll see Starbucks. Both of these are expected to open by the end of the year. At Pine Island Road and Hancock Bridge Parkway, you can see the shell of a Sam's Club, which is expected to open early 2015.
Lee Economic Development Office Targets Four Industries
The Lee County Economic Development Office (EDO) has announced plans to
target four specific industries as part of a concentrated plan to attract high-paying, high-skilled jobs to the area. Top on the list of industries are medical technologies, aviation, information services and distribution/logistics.

Cape Implements Hyper Local Mobile Alerts
Cape Coral Daily Breeze, June 23, 2014 - The City has launched a key mobile communications app called Ping4alerts!   This free app is delivers instant alerts to users on things such as brush fires, weather emergencies and other issues.  To download the app, click on the “Ping4alerts” link from the City website (  under the “Services” dropdown box.  The app is also available through the Cape PD website: In this report, Cape Coral Police Public Information Officer Dana Coston explains.
Cape Coral Westin Named in Top Ten Resorts
Cape Coral Daily Breeze, June 13, 2014 - The Westin Cape Coral Resort at Marina Village has been recognized as one of the Top 10 USA Resorts and Best for Family Adventures with the release of of the Starwood Preferred Guest Member favorites list of 2014.
Sharp Increase in Cape Land Valuations
Lehigh Acres, June 4, 2014 - According to Lee County Property Appraiser Ken Wilkinson, property values had their sharpest increase in seven years.
Businesses Put New Spin On Age Old Plant

News-Press, May 20, 2014 - Green Hygienics, based in Cape Coral, sells paper towels and toilet paper made from bamboo. It will soon release napkins, facial tissues and copy paper.  This article reflects on businesses using sustainable plants to develop successful products.
Cape Coral A 'Top Place' to Live
Cape Coral Daily Breeze, May 15, 2014 - Cape Coral has been ranked No. 5 on the list of top places in Florida to live by a real estate blog in California.
Cape Coral Ranks in Ten Best Places to Live in Florida
May 12, 2014 - The online Movoto Real Estate Blog has ranked Cape Coral in the top ten places to live in the sunshine state.  To reach its conclusion, researchers collected data from seven unique criteria:  Total amenities, quality of life, crime rate, tax rates, unemployment levels, commute time and weather.
Cape Coral Enjoys Among the Cleanest Air in the United States
Florida Today, April 23, 2014 - Cape Coral has ranked No. 2 in the nation for clean air, surpassed only by San Francisco, California.  Four Florida cities made the top ten list, with Cape Coral ranking highest.  This is according to Honeywell AirGenius and the Air Cleaner's second annual awards.
Cape Coral Ranks No. 2 Best Mid-Sized City for Homebuyers
April 24, 2014 - Cape Coral has ranked as the No. 2 best mid-sized city for homebuyers in America by the online Movoto Real Estate Blog.
Sun Splash Waterpark Set to Kick Off 2014 Season, March 7, 2014 - Slide into spring at Sun Splash Family Waterpark when the Cape Coral attraction opens for the 2014 season on Saturday, March 8 at 10 a.m.  Sun Splash is home to over 14 acres of attractions for visitors of all ages including three thrilling speed slides, a lazy river, Family pool, several open and enclosed flumes, and a Tot Spot for small children.

Cape Coral Ranks No. 5 Best Mid-Sized City to Move to

December 5, 2013 - Cape Coral has made the list of Best Mid-Sized Cities To Move To by the online Movoto Blog. Two towns each from Texas, Florida and Kansas made the top 10 list. Frisco (Texas) tops the list followed by No. 2 McKinney (Texas). Florida's Pembroke Pines and Cape Coral rank No. 4 and 5, respectively.

Cape Coral-Ft. Myers Job Market Among Strongest in Nation

December 10, 2013 - Cape Coral-Fort Myers, FL MSA employers expect to hire at a brisk pace during Quarter 1 2014, according to the Manpower Employment Outlook Survey. Among survey participants, the Cape Coral-Fort Myers, FL MSA employment outlook is the third best in the nation.

Cape Coral EDO hosted third Veterans Investment Forum, February 28, 2013
Cape Coral laid out its mission to create a destination for medical related businesses within what is known as the VIZ, the Veterans Investment Zone. The event featured speakers from Lee Memorial Health Systems, the new VA Clinic, South Florida Canoe & Kayak Club and others, all with the message that Cape Coral is primed for commercial growth around the new VA Clinic.

Cape Coral hosting VIZ 3 Forum to highlight Veterans Investment Zone

News-Press, February 27, 2013
Cape Coral is hosting its third Veterans Investment Zone Forum on Thursday to highlight opportunities for businesses looking to take advantage of foot traffic being created by the recently opened Veterans Affairs clinic.

2013 Veterans Investment Zone Forum

February 22, 2013 - The City of Cape Coral Economic Development Office (EDO) is hosting its third Veterans Investment Zone (VIZ) Forum to present business and development opportunities surrounding the recently opened VA Healthcare Center in northeast Cape Coral. The EDO staff has rounded up an impressive team of speakers for this exciting event.

Where The Jobs Will Be In 2013

Forbes, December 11, 2012
Employers in the Cape Coral/Fort Myers area are projecting a net job increase of 23%, the highest in the nation, according to the latest employment outlook survey by the giant employment services firm, ManpowerGroup.

Lee County VA Healthcare Center ready to go

The Cape Coral Breeze, December 4, 2012
Ceremony, open house to mark opening of new VA Healthcare Center next week.

Cape Coral-Fort Myers listed as 22nd fastest growing metro area

News-Press, November 27, 2012
According to statistics released Tuesday by Stamford, Conn.-based Pitney Bowes
Software, Cape Coral-Fort Myers will be the 22nd fastest growing major metro area in the country, growing at a brisk 1.2 percent annually over the next five years.

Rezoning downtown Cape Coral paves way for new business

Fox 4, September 10, 2012
Cape city council officials voted to rezone three parts of downtown Cape Coral: Downtown Gateway, Downtown Edge and Downtown Core into a newly created district- the South Cape Downtown District. This will streamline building codes, which would make the permitting process for new businesses quicker and easier.

Cape Coral VA Clinic could open in December

News-Press, September 1, 2012
Bay Pines VA Healthcare System officials announced Friday the new Lee County VA Healthcare Center at 2489 Diplomat Parkway East in Cape Coral will open in mid-December 2012. At 220,000 square feet, the Cape facility is about three times larger, than the current Fort Myers clinic. Services that will be expanded at the new outpatient center include primary care, mental health, cardiology, dermatology, orthopedics, podiatry, urology and dental care, among others. The employee pool of 330 will increase by 70 when the new facility opens.

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