Council Suspends Impact Fees
 to Attract More Business

Businesses considering Cape Coral as their location now have another reason to choose the city. City Council voted to suspend road impact fees for businesses moving into existing buildings. 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.

The Economic Development Office (EDO) and local business groups strongly supported this waiver program. "We hope this impact fee waiver will encourage higher-use businesses, like medical offices, to come to the city," said Christy Vogt, business development coordinator. "We have seen evidence to suggest that this kind of program can accelerate business relocation and expansion. For instance, In Collier County, 20 new businesses took advantage of their waiver." 

Cape Coral’s road impact fee incentive program is effective immediately and will stay in effect until September 1, 2012.

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