Cape named No. 3 in job growth

National rankings tout community

The News-Press, Saturday July 10, 2004

By Sarah L. Greenhalgh


 

A visit from a member of Enterprise Florida reminded many Cape Coral officials just what makes their city one of the fastest growing areas in the country.

Al Latimer, vice president for external affairs for the Orlando branch of Enterprise Florida, spent a few days with the Cape Coral Council for Progress, thanking the city and Lee County leaders for their partnership with the company responsible for Florida’s economic development, international trade and statewide business marketing.

“The Cape Coral and Fort Myers area is the third best performing city in the nation in terms of job creation,” Latimer said to a breakfast meeting at Gulf Coast Village on Friday.

A report from the Milken Institute, a national economic think-tank located in Santa Monica, Calif., ranks the Lee County area third for job creation behind No. 2 Las Vegas and No. 1 Fayetteville, Ark., home of Wal-Mart.

Latimer, speaking about the state of economic development of cities like Cape Coral, believes the title is a tremendous benefit as the city moves forward.

Michael Geml, the chair for the Council for Progress, believes the partnership with Enterprise Florida is critical for the area.

“We are a growing community of over 132,000 of permanent residents in Cape Coral and over 150,000 during season,” Geml said. “We need to have the facts and figures from an organization like Enterprise Florida to market ourselves. We only are at 35 percent capacity and have plenty of room to grow.”



Erin Heston, Enterprise Florida’s communications director, says the company does not play favorites, but officials did feel the need to come and touch base with some of its partnerships.

“Southwest Florida has done a really good job and continues to expand in growth and business,” Heston said. “Cape Coral should be commended for its progress.”

Cape Coral City Manager Terry Stewart is pleased with the third-place ranking on jobs, up from 37th place in 2000.

“This is all good news for our area,” Stewart said.

Although the Lee County area was ranked third in June of 2003, the new numbers that are to be released in a few weeks could move the area up on the list.

“I think your area is going to be much more interested in the information and numbers that are going to be released this month,” said Skip Rimer, Milken’s communications director.

Rimer says the new calculations are formulated a little differently this year.

“Most of the numbers will be through 2003. Wages and salary numbers, which are always a year behind, will be through 2002,” Rimer said. “And there will be current, year-to-year job growth stats through April of 2004.”

Last year, Milken tabulated numbers from labor and wages bureaus all over the nation and found cities with diverse, stable economies, not high-tech or computer-based economies, were the overall winners.

 

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