Cape Coral ranked No. 13 in CoworkingCafe’s Top 20 Best Cities for Small Businesses study. The city was recorded with the sixth-highest number of self-employed business owners, at 14.1%; the ninth-largest number of business applications per 100,000 residents, reaching 2,748.3 in 2023; and a 34.2% increase in Gross Domestic Product, making it the 12th fastest-growing economy, according to the report.