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Executive Summary

Invest in Cape Coral, Florida

At 120 square miles, Cape Coral is the third largest city by land mass in the state. With an annual two percent growth rate and growing population approaching 200,000, Cape Coral is only halfway built out. There is plenty of space for new residential, retail, office/tech, industrial, medical and mixed-use projects that will support a market projected to eclipse 400,000 at build-out.

An ideal, year-round climate, and competitive real estate and cost of living have drawn national attention. Forbes magazine reports that the Cape Coral metro area is among the top 10 fastest-growing cities in the nation for jobs and population (Moody’s Analytics, 2018).

The Sunshine State consistently ranks among the top 10 best states for its cost of doing business because there is no state income tax, and Florida offers a competitive workforce environment and streamlined, pro-business regulations. Corporate headquarter executives from the Midwest to the northeast are increasingly choosing to expand their operations in Cape Coral. With so much to see and do, millennials are also discovering that our city is an ideal place to live, work, play and stretch their spending opportunities. With a readily available and highly skilled workforce, Cape Coral is the right choice for your company expansion or relocation.

  • Florida was second in Chief Executive magazine’s “Best States for Business” in 2018, its sixth straight year in the top tow, according to CEO surveys.
  • The Sunshine State ranked fourth in the nation for its business tax climate by The Tax Foundation and Business Facilities magazine in 2018.
  • Florida was among the Top 10 “Most Entrepreneurial States” in 2018 with the most small- and medium-sized businesses per capita selling on Amazon.
  • Cape Coral ranked second or “Best in Nation” for expected job growth for multiple quarters in 2018 and 2019, according to the Manpower Group Employment Outlook Survey.
  • The Cape Coral-Fort Myers MSA ranked seventh nationally in population growth from 2010 to 2018, according to the U.S. Census Bureau. The area grew 22 percent to reach 754,610 people.

A few things to know about Cape Coral:

  • This community is home to nearly 400 miles of navigable canals–more than anywhere else in the world–making it ideal for recreation and many compatible business sectors.Executive_Summary_Nissan_Sign
  • As the state’s 8th most populated city, Cape Coral has a large, available workforce within close proximity to several higher education institutions, including Florida Gulf Coast University. FGCU saw enrollment surpass 15,000 in 2018 and has an expected maximum enrollment of more than 20,000.
  • With projected growth to reach more than 400,000, the city is only 47% built out today with room to grow.
  • Cape Coral is ideally suited for tech/biotech, corporate offices to support finance and insurance companies, industrial, and back office operations.
  • New commercial centers, hotels and other major projects are underway throughout the city, and developers are rapidly acquiring and assembling key properties to develop office, mixed-use and mid-rise residential projects.