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Office of Economic and Business Development

Cape Coral Continues to Witness Unprecedented Growth!

Economic Development Guide 2021
Welcome to the City of Cape Coral’s Economic and Business Development web page! Our team looks forward to continuing the prosperity and growth across the city. Available services include:

  • Business Start-Ups and Expansion - Start or Grow Your Business
  • Site Search - Find space to support your company’s growth
  • Development Sites - Find sites worthy of investment  

CAPE CORAL DEMOGRAPHIC HIGHLIGHTS:

  • 5th Largest Growth Rate Among Mid-Sized Cities Between 2010-2020 In 2010, Cape Coral was home to 154,736 residents. By 2020, that number swelled to 200,972 residents, representing a 29.88% growth in its total population.  https://porch.com/advice/cities-that-grew-the-most-over-the-past-decade
  • Fast Growth - Cape Coral is one of the fastest-growing cities in the U.S. experiencing a 2 percent growth rate annually
  • 8th Largest City in the State of Florida. It is also the 8th largest city in the State of Florida with nearly 200,000 residents
  • Miami to Tampa. Largest city located between Miami and Tampa
  • Getting Younger. The median age is 42 and witnessing the arrival of millennials and a growing workforce to support expanding technology, office, and industrial companies

KEY RANKINGS:

  • Ranked #2 of Where More Young Residents Are Buying Homes – 2021 Study (Smartasset.com)
  • Ranked #2 of The 25 Most Up-and-Coming Cities in America - 2021 Study (Neighbor)
  • Ranked one of the best U.S. cities to start a business (Inc. 2020 Surge Cities)
  • Cape Coral Metro Area is listed as one of the Top 10 fastest-growing cities in the nation (Forbes Magazine, 2018)
  • Ranked one of the safest cities in the state of Florida (WalletHub)
  • Consumer Affairs: Cape Coral Ranked No. 13 Among Fastest-Growing Cities in the U.S.

CAPE CORAL DEVELOPMENT HIGHLIGHTS:

Industrial and Office Parks Key to Economic Growth in the Cape 
Industrial and Office Parks are key to the success of Cape Coral's economy. Cape Coral has a need for these types of parks and is hoping to expand these areas in the Cape. 

Pine Island Road Corridor Experiencing a Building Boom

This State Highway stretches more than 20 miles from Interstate 75 to Pine Island/Matlacha and supports more than 30,000 vehicles daily. The corridor is witnessing a major development boom with more than $300M in private development either under construction or in planning scheduled to break ground over the next 12-18 months. 

South Cape / CRA - The Heart of Cape Coral 
To spur continued investment in the South Cape, the City and the Community Redevelopment Agency (CRA) are progressing with plans to develop the Bimini Basin area. Future projects in the South Cape will enhance property values, increase the district’s revenue, attract new business, and expansion of existing businesses.

Burnt Store Road - the Future for Economic Development
The Burnt Store Road Corridor extending approximately 8 miles northward from Pine Island Road to the Charlotte County line represents the future of economic development in the Cape. Approximately 850 acres of undeveloped properties are available for acquisition and development from near Kismet Parkway to just north of Durden Road. 

Northeast Cape along Del Prado Blvd is on the Move
Just south of Highway 41, there are three large commercial sites available for acquisition and development. These sites offer easy access to Interstate 75 via Highway 41 and lend themselves well to supporting office parks, light industry, and retail centers.


 Meet the EBD Staff:

 Ricardo N headshot 2020 Nita W Headshot 2020 
 Ricardo Noguera,
Economic & Business Development Manager

Administration/Lead Negotiations & Policy
(239) 233-7427
rnoguera@capecoral.gov

Nita Whaley,
Business Recruitment/Retention Specialist,
Cape Coral Economic & Business Development
(239) 574-0443
nwhaley@capecoral.gov