Cape Coral City approves $2.73 million incentive to keep Bones Coffee headquarters

Cape Coral City approved a $2.73 million incentive package intended to keep Bones Coffee Company from relocating and to support the company’s plan to consolidate its national headquarters at a new facility along Southwest Pine Island Road, city officials said.

A representative from the city’s Office of Economic Business Development said the package was offered to make the project “financially feasible” so Bones Coffee would remain in Cape Coral rather than move to another location. The company is investing about $27.3 million in the facility, the city said.

The expansion is expected to create roughly 130 jobs, the representative said. The company currently employs 75 people and has proposed hiring 50 more. The representative emphasized job retention as well as new hiring, noting that “right now, there is approximately 60% of our workforce that is commuting outside of Cape Coral.”

On the local economic effects, the representative said, “When you talk about projects of this size, there is a a tremendous economic impact with new construction. You’ve got contractors and construction workers that are coming in that are spending money in the economy.”

The city described the incentive as aimed at supporting higher wages, job creation and longer-term community investment. The transcript supplied for this summary did not specify a vote tally, the names of any movers or seconders, or the formal ordinance/resolution number tied to the approval.

For details on business assistance and the city’s economic programs, the city provided capecoral.gov/ebd as a resource.