Cash Incentive Program 

 These Florida incentives defer certain impact fees for larget sectors for up to 10 years. Commercial and industrial shell buildings are also eligible for deferrals.

Under this program the City defers payment of road and utility capital improvement impact fees for new commercial or industrial building projects. Impact fees are charged to property owners to defray the incremental costs for public infrastructure. The length of the deferral is based on the type of business, the number of jobs created by the business, and how many of those jobs employ Cape Coral residents. Apply through the Cape Coral Economic Development Office.

The Shell Building Impact Fee Deferral is also available to property owners of shell buildings, which are usually built as speculation. Shell building impact fees may be deferred for up to 36 months or until the issuance of permits for interior completion, whichever is earlier. The Shell Building Deferral Application can be made through the City of Cape Coral's Department of Community Development.

Road Impact Fee Waiver Program

Cape Coral’s new road impact fee incentive program became effective in April 2011 and will stay in effect until September 1, 2012. The incentive suspends road impact fees for any business moving into an existing building.  That means if a business with a higher-impact use moves into an existing building, they would not be charged an added road impact fee. Cost savings for businesses could be significant. Please contact the EDO for details.