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Economic Development

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It Costs Less to Do Business in Cape Coral

Your bottom line is key. That’s why relocating or starting a business in Cape Coral makes solid, fiscal sense. Florida has a low corporate income tax rate and no personal income tax. The state offers a competitive cost-of-doing-business environment and is consistently ranked as one of the top pro-business states in the country. According to both the Tax Foundation and Kilplinger's, the state ranks No. 4 in the nation for a tax climate that's positive to businesses and residents (2017). For the fifth consecutive year, Florida ranks as the No. 2 state in the nation for doing business by Chief Executive (2017).

Cape Coral and the State of Florida offer a variety of tax advantages for corporations that are relocating to Florida. Targeted business could qualify for up to $25 million in combined state, county and city incentives to relocate or expand in our growing community.

Business tax incentives for corporations in Florida include:

No corporate income tax on limited partnerships 

No corporate income tax on subchapter S-corporations 

No corporate franchise on capital stock

No state personal income tax

No state-level property tax assessment

No property tax on business inventories

No property tax on goods manufactured or produced
in Florida for export outside the state 

No sales tax on purchases of raw materials incorporated
in a final product for resale, including non-reusable 
containers or packaging

The Cape Coral Economic Development Office (EDO) is committed to encouraging business growth and diversifying the city’s economy. The Cape Coral EDO offers customized business incentives, coordinates with state and county incentive programs, and offers a comprehensive portfolio of tools, resources and personalized assistance.

Learn more about Cape Coral's Business Incentives.