Spring 2024

Hello Michelle,

Spring has sprung, and Cape Coral has many projects in bloom. We have exciting new developments and updates to share with you this quarter.

Do you know about our Economic & Business Development weekly business highlights? Each week, we promote one of our fantastic local businesses on social media. If you or someone you know owns a local business and would like to be featured, please reach out to apetersen@capecoral.gov. 

As always, we encourage you to stay in touch and reach out if we can be of service. 

Sincerely,

Office of Business & Economic Development

Cape Coral by Numbers

• Cape Coral's Total Population = 216,9923*

• Labor Force = 126,072* 

• Unemployment Rate for February 2024 = 3.1% (Bureau of Labor Statistics, United States Department of Labor via Data Commons)

*Per the U.S. Census, 2022.

Incentive Programs

• Demolition Assistance Grant Program (CRA)

• B2B - Breaking Barriers to Business Grant Program

• All Economic Development Incentives

• View EDO Project Map

Participate in

Employer Survey

The City of Cape Coral has retained a team of consultants to develop an Economic Development Strategic Plan for Cape Coral. This initiative focuses on the importance of growing our city's economy at a pace equal to or exceeding our projected increase in population.

To assist with the process, we ask the business public to complete a brief 10-question confidential online survey. Please click the button below to take the survey by Friday, May 3.

Get Connected at Our Invitation Only Industry Roundtable Meetings

The Office of Business & Economic Development has started hosting a monthly Business Roundtable meeting to connect with industry leaders and discuss challenges faced by the Cape Coral business community.

The forum provides an opportunity to consider the City’s economic outlook and industry-specific opportunities. 

Business & Industry Roundtable Schedule & Featured Topics:

• Friday, May 24, 8 a.m. at City Hall - "CRA"
• Friday, June 21, 8 a.m. at City Hall - "Retail"
• Friday, July 26, 8 a.m. at City Hall - "Lenders/Financing/Insurance"

For more details, contact apetersen@capecoral.gov.

Business Development Updates

Lee Health Expansion on Surfside

2441 Surfside Blvd, Suite 202

• Adding 15,000 sq ft of space to the two-story outpatient complex.
• Specialists employed by Lee Physician Group in orthopedics, endocrinology, rheumatology, and rehabilitation medicine will go into the new space.
• Opened early April 2024

Experience Health & Wellness Center

2307 Sandoval Blvd.

• 8,620 SF-3 Unit building
• Medial office
• Two additional units will be available
• Demolition of the existing structure has begun
• Construction to begin in Spring 2024

Goodwill Retail Store

1499 SW Pine Island Rd.

• 19,954 SF building
• Site Development has begun.

Medical/Retail

122 Chiquita Blvd S.

• Total 10,400 SF
• 10 units at 1026 SF
• Site Development has begun
• Projected completion expected Summer 2024

Cape Coral Grove - Project Update

• $920 Million Project 
• 70 Buildings
• 350,000 SQ FT Commercial Retail and Dining
• 125,000 SQ FT Leasable Office Space
• 125 Hotel Rooms
• 1500 Multifamily Units
• Q1 2024: Infrastructure Start
• Q2 2024: Multifamily 1 Start
• Q1 2025: Town Center Start

7 Islands - Gulf Gateway Resort

• Architects under contract for all island structures.
• Army Corp of Engineer application was submitted in January 2024, and the Project Manager was assigned. Anticipate an 18-24-month application review period.

City of Cape Coral | CapeCoral.gov/EDO