Published: Oct 01, 2010 11:30 PM EDT
Updated: Oct 01, 2010 5:34 PM EDT

LEE COUNTY, Fla. - A sign the economy is changing for the better and it's right here in our backyard.

In the next few weeks, eight new businesses plan to open in Downtown Cape Coral, which means money and job opportunities.

"We have a lot of new businesses coming to the Cape," said Helen Ramey, Public Relations Director of the Community Redevelopment Agency.

New businesses is good news since several businesses in the downtown area closed their doors at the peak of the recession.

Ramey says her agency is working hard to get more mom and pop shops to the area.

"Many of these restaurants opening up now did come to the CRA first, which was fabulous. We help facilitate the permitting process. Streamline the method. We also have facade grants to improve the exterior of the buildings," Ramey said.

One of the restaurants is La Terraza 47.

"We just think it's the right time to get everything back in Cape Coral, " said Alex Evdokimov, co-owner of the new Spanish themed restaurant.

Today the restaurant is under construction, but in a few weeks they will open for business. There will be dancing, Spanish tapas, a whole variety of entertainment.

Alex has high hopes.

"We are so sure this is going to work," he said.

The theory is these new businesses will help create a domino effect. People will want to come to the new restaurants and in doing so, spend money at other shops too.

"That's our goal -to get everybody to come back to Downtown Cape Coral," Alex said.

Not only that, but each of these new eight businesses will hire a staff of almost two dozen - a good sign of economic recovery.

"The economy is changing with every improvement we see. We are trying to make a vibrant downtown," Helen Ramey said.