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Cape Coral Economic Development News and Events

A New Farmers Market and More! Over $300 Million in Construction in the Works on Pine Island Road
Click Here to Watch the Full Report on NBC2

Cape Sees Economic Growth; Pine Island Road Corridor Continues to Attract. Click Here to Read the Full Article
"Chiquita Apartment Investors, LLC recently purchased a 20-acre site at 3514 Chiquita Blvd. S. in the Cape from Newcom Real Properties, LLC for $4,000,000. According to the seller, the buyer plans to address multi-family needs by converting the unimproved parcel to a Class-A apartment complex with nearly 320 units. Development is expected to break ground in the first quarter of 2021, with an estimated delivery of third quarter 2022."

Mercola Adds Over 500 Solar Panels to Headquarters
Headquartered in Cape Coral, natural health company Mercola recently completed a six-month-long project of installing 529 solar panels to its new rooftop.

 Installed by commercial solar contractor Advanced Green Technologies (AGT), these new panels will provide 210kw of energy, providing half of Mercola’s overall energy needs. The company is now one the largest in Cape Coral that’s powered by solar energy.

 “Cape Coral is the perfect location for investing in solar power, as solar technology has become more affordable and efficient each year,” says Steve Rye, CEO of Mercola. “Now that we’ve fully utilized our rooftop space, we’re going to build carports in the parking lot to provide some shade and protection for our employees’ vehicles while also generating enough power that will get us to 100 percent of our energy requirements.” Mercola’s solar carport will be finished by the end of this year.

Mercola is a natural health website that’s dedicated to helping nearly ten million monthly readers improve their health with research-proven nutritional, lifestyle and exercise principles. Using a holistic approach for optimal health and wellness, Dr. Mercola has been a trusted source of natural health information for more than 20 years. Through his online Mercola Market, he delivers the highest quality supplements, biodynamic and organic foods, and personal care products for your health, home and pet. Visit to browse more than 1,000 premium products that help Take Control of Your Health®. For the most up-to-date health news and information, visit and subscribe to the daily newsletter.
Mercola Solar Panels (2020)

Cape Coral Population to Hit 200,000 in 2020
Read the full report here
cape population graph 2020

Cape Coral Ranks #7 in Best Business Climate (mid-sized)
See the Full Rankings Here - Business Facilities’ 2020 Metro And Global Rankings 
2020 metro ranking

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. 

New Construction in the CRA
With summer here, the South Cape is witnessing exciting construction projects and the City/CRA is exploring opportunities to pursue a multi-million-dollar public infrastructure project to support major mixed-use and multi-family developments in the future. See the FULL LIST of projects. 

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
Insite new building in South Cape

Cabinet Genies Breaks Ground in South Cape 
On June 19th, Cabinet Genies broke ground on a new showroom in South Cape.
South Cape welcomes this new, family-run business that will draw both local and international clients. READ MORE

Cabinet Genies groundbreaking

Mercola Donates Healthy Meals to Local Hospital Staff
Mercola recently sponsored healthy, organic meals to be sent to the emergency and COVID-19 staff at Cape Coral Hospital.
Another great Cape Coral company helping out. We are Cape Coral Strong! Read More
Mercola press donations

Two Meatballs Kitchen Coming to the Cape
The new Two Meatballs will have state-of-the-art brick ovens that heat the pizza from above and below them. Patrons will be able to watch the dough being tossed from a window near the entrance from Big John’s Plaza.  Russo is hoping to open the Cape Coral location by June 1. READ MORE
two meatballs story

Thompson Thrift Retail Group Acquires Land for Mixed-Use Development in Southwest Florida
CAPE CORAL, Fla. (Mar. 5, 2020) –Thompson Thrift Retail Group (TTRG), a business unit of Indianapolis-based Thompson Thrift Development, Inc., announced today the acquisition of 13 acres of land in Cape Coral, part of the greater Fort Myers MSA in Southwest Florida. The company plans to develop a $20 million mixed-use development on the site. READ MORE
TTRG - First Watch


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.