Economic Development News |
Message From Your EDO Manager It's All in the Numbers
Commercial Building Permits in 2015 were up 13 percent over last year and 183 percent over 2013. New housing starts have increased by over 58 percent since last year and are up 108 percent over 2013. The U.S. Census Population estimates that Cape Coral's population is more than 169,854, which is 10 percent higher than our 2010 population of 154,301 (U.S. Census, December 2015). As we all know, during the winter season, it is estimated that our population climbs even higher. With the population growing, Cape Coral as a market becomes a more desirable location for new commercial development, just as the current numbers bear out. Additionally, Cape Coral is working to create new large-scale development opportunities with Bimini Basin, Seven Islands and Academic Village. These projects have the potential to add substantially to our commercial tax base and create thousands of new jobs. Additionally, there are two new apartment developments coming: 312 units on Pine Island Road and another 90 units on Veterans Parkway. This type of workforce housing is desperately needed in the Cape as we grow our commercial base. Manpower has ranked the Cape Coral-Fort Myers MSA as the No. 1 location in the U.S. for job growth in the first quarter of 2016. A net amount of 37 percent of businesses surveyed said they will be adding jobs, as opposed to only 18 percent projecting job expansion a year ago. We will continue to work with existing businesses and recruit new businesses to the Cape to ensure that the numbers keep adding up. Looking forward to an even more productive 2016. Have a wonderful holiday season! Sincerely, Dana Brunett City of Cape Coral Economic Development Manager |
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