Purpose, intent and authority.
Cape Coral Code of Ordinances § 29-1
in effect§ 29-1. - Purpose, intent and authority.
The City of Cape Coral seeks to achieve an economically balanced community that is recognized for an exceptional quality of life for its residents, businesses and visitors by attracting, growing and retaining businesses and commercial development, and by expanding high-wage employment opportunities within the city.
The Florida Legislature has stated that the use of public funds toward the achievement of such economic development goals constitutes a public purpose. For the purposes of the City's Economic and Business Development Incentive Programs, it constitutes a public purpose to expend public funds for economic development activities, including, but not limited to, construction of office, light industry and mixed-use developments; developing or improving local infrastructure, issuing bonds to finance or refinance the cost of capital projects for industrial or manufacturing plants, leasing or conveying real property, and making grants to private enterprises or developers for the expansion of businesses existing in the community, attraction of new businesses to the community, or enticing private investment and development of non-residential and mixed-use projects.
The City Council finds that the health, safety, and welfare of the city will be protected and enhanced by offering incentives to qualified businesses/developers looking to invest in and create new jobs in the city.
In accordance with F.S. § 166.021, as may be amended from time to time, the City Council finds that the expenditure of public funds to attract or retain businesses to enhance economic development goals constitutes a public purpose.
The City of Cape Coral's Economic and Business Development Incentive Programs are created for the purposes of expanding employment and private investment within the city pursuant to F.S. § 166.021(8), to promote local businesses, and to enhance economic activity. The City aims to provide economic incentives outlined herein to further the municipal purpose of inducing employment and investment within the city.
(Ord. 99-21, § 1, 12-15-2021)
Source: City of Cape Coral, Florida, Code of Ordinances, City Charter and Land Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/fl/cape_coral/codes/code_of_ordinances?nodeId=CH29ECDEBUINPR_ARTIGEPR_S29-1PUINAUFetched: 11/4/2026