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Cape Coral Economic Development News and Events


Community Development Block Grant (CDBG)

FOR IMMEDIATE RELEASE: Catalyst Community Capital is accepting applications from qualified Cape Coral businesses for technical assistance/grants. 
In response to COVID-19 and its impact on Cape Coral businesses, Catalyst Community Capital, in partnership with the City of Cape Coral, will be providing a limited number of technical assistance/grants to qualified small businesses located in low- and moderate-income areas within the City of Cape Coral. 

 The City of Cape Coral will be utilizing Community Development Block Grant (CDBG) funds to establish an emergency business grant program, which will provide a $3,000 technical assistance grant to small businesses with between 2 to 5 employees that are experiencing severe financial hardship as a result of the COVID-19 pandemic. In addition to the grant funds, the program will provide legal, accounting and financial technical assistance.

 Applicants must meet the following criteria to qualify for Program funding:

  1. Demonstrate COVID-related hardship.
  2. The owner of the business must live in Cape Coral.
  3. The business must have been in existence for at least two years.
  4. The business must be located within designated areas contained within the municipal boundaries of the City of Cape Coral (Click here to verify your business is located within the eligible area.)
  5. The business must have a physical location that is not located in a residence. Home-based businesses are not eligible.
  6. The business must be current with all city, state and federal licensing and financial obligations, including taxes.
The grant proceeds may be used for business expenses such as operating costs, equipment purchases, rehabilitation of commercial space (including engineering, architectural and permitting fees) and on marketing expenditures.

For application assistance or questions, please contact Leigh Scrabis at

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Commercial Development headed to Northeast Cape Coral
A new commercial development aimed at meeting the demands of a fast-growing Southwest Florida city. Victory Park is scheduled to break ground later this year, and could be a one-stop shop for veterans, too. Watch the Fox 4 interview with the developer.
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Despite the challenges 2020 brought, the Cape continues to grow.
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New Development on the Way for Pine Island Road
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Medical Community Boom in the Cape!

Check out the Wink News story for updates on new medical centers coming to Cape Coral. 
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Cape Coral Population to Hit 200,000 in 2020
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Cape Coral Ranks #7 in Best Business Climate (mid-sized)
See the Full Rankings Here - Business Facilities’ 2020 Metro And Global Rankings 
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Report: Florida's tax burden 5th-lowest in the U.S.
Florida has the fifth-lowest tax burden in the U.S., according to a new report by the personal finance website WalletHub.
Read the full report here. 

Insite Managed Solutions Moves to South Cape
The Cape Coral City Council voted unanimously to help a 13-year old locally founded and managed company expand without moving "over the bridge." Insite Managed Solutions, now located on Del Prado Boulevard at Veterans Parkway, intends to increase its current 57-person workforce, with an average salary of $76,000, to about 110 employees in the next two years. READ MORE
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4th Wednesday Biz Chat
Date: 4th Wednesday of each month, January through October
Time: 11:30AM
Location: Coral Ridge Event Center, 950 S Chiquita Boulevard South in Cape Coral
Please Note:

 Biz Chat continues to grow as word spreads about the strong networking and educational opportunities that are provided to business owners and managers. Biz Chat represents a partnership between the City of Cape Coral Economic Development Office (EDO) and FGCU’s Small Business Development Center (SBDC), with regular participation from partner organizations such as the Cape Coral Chamber of Commerce, Goodwill Industries, CareerSource, SCORE, and Cape Coral Construction Industry Association (CCCIA).

Cape Coral EDO BizWalks are coordinated by Cape Coral EDO Business Recruitment/Retention Specialist Nita Whaley at (239) 574-0443. The EDO team has partnered with the Cape Coral Community Development Department, Cape Coral Chamber of Commerce, Cape Coral Technical College, CareerSource Southwest Florida, and the Florida Small Business Development Center at Florida Gulf Coast University.  From each BizWalk, the Cape Coral EDO gathers baseline data to help gauge the local business climate, enabling it to fine-tune program development.