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Make Cape Coral’ s ideal entrepreneurial environment your business.
Why is Cape Coral— Florida’ s thirdlargest city by land mass— the place for starting or relocating your business? Based on workforce data and future land use plans, Cape Coral’ s growth engine continues to be fueled by population growth, with a business environment that will be sustained by investment in commercial and industrial development.
Since incorporation in 1971, Cape Coral has experienced consistent growth. The city is less than 50 percent built out— offering more than 60 square miles of unimproved commercial and residential land available— and is expected to be built out by 2080. Growth has accelerated in the past 20 years, and Cape Coral is projected to be one of the fastest-growing metro areas for the next decade.
According to the U. S. Census Bureau, Cape Coral was home to an estimated 169,854 residents in 2014— a 10.1 percent increase since 2010. Cape Coral recorded the third-highest population growth in the last decade, according to the U. S. Census, despite the fact that it already boasted the largest population between Tampa and Miami.
Here are five key reasons Cape Coral is ideal for a new business or expansion.
• The warm climate, sunshine and enviable lifestyle continue to attract newcomers.
• The city boasts a large, well-qualified workforce.
• Its market potential will continue to grow as the U. S. population ages and retires.
• Cape Coral welcomes businesspeople, offering a business-friendly environment, services and incentives designed to make life easier for companies.
• Ample and affordable housing and commercial space are available in the city.
Cape Coral has earned national accolades for its quality of life and business opportunities. In 2014, Forbes magazine ranked Cape Coral No. 6 in the U. S. in the best cities for job growth. In 2015, the city was projected to make 4.4 percent employment gains through 2017, according to Moody’ s Analytics. And Florida was named the No. 2 best state in the nation
capecoralchamber. com 32 for doing business by Chief Executive( May 2014). Add to that the Tax Foundation’ s 2014 Facts & Figures Report noting that Florida has the fifth strongest-tax climate in the U. S.— and is the only tropical location listed among the five.
From its earliest beginnings, Cape Coral has been known as a“ Waterfront Wonderland,” with more than 400 miles of navigable canals— more than any other city in the world.
Residents used to drive to nearby Fort Myers, Naples or other cities to shop, dine out or get medical care, but now residents from throughout the region now drive to Cape Coral to shop and eat at its many national and locally owned stores and restaurants. Locals have plenty of medical options, too, and residents have an average work commute of about 26 minutes, according to the Census.
Less than half developed, the city still has plenty of room for commercial growth. Cape Coral boasts two Free Trade Zones, provides quick access to the regional corridors Interstate 75 and U. S. 41, and it’ s just a two-and-a-half-hour drive from Tampa and Miami, or about