Cape Coral Sees Business Continue to Boom
The business base in Cape Coral is showing strong growth again in 2018. So far this year, the city is averaging 153 new businesses a month.
The Cape’s economic development department wants to find the perfect balance of businesses to spread out over the city.
“We try to recruit those businesses that are a good fit for Cape Coral, on the retail side, manufacturing, whatever,” said Cape Coral Economic Development Manager, Dana Burnett
Each month dozen and dozens of businesses open up or apply for building permits. Many of them only want prime spots on Santa Barbara Boulevard, Veterans Parkway and Pine Island Road.
“As Pine Island develops, it really is becoming the middle of Cape Coral. We’re adding about 5,000 people a year, each year, and… that’s a consumer base.” Burnett said.
In 2017 Cape Coral averaged 134 new businesses per month. To date in 2018, the city is averaging 153 new businesses per month.
In 2017, the city had a total of 24 new commercial construction permits issued.
To date in 2018, it’s had 32 new commercial construction permits issued. In fact, it’s had an increase in new commercial building permits issued each year since 2013.
The city is adamant that more businesses mean more jobs and a stable economic future.
“When they’re working here and living here, chances are, they’re spending their money here and that’s the ultimate goal. You want your money working in your own backyard.” Burnett said.