LEE COUNTY, Fla.- Forbes magazine is forecasting good times to come for the Southwest Florida economy. It says Fort Myers-Cape Coral will lead the nation in job growth in the first three months of 2013.
"I think that is great news and I can see it happening. People are hiring here because housing is coming back and people are moving into refurbished, foreclosed homes," says Mike Quaintance, president of the Cape Coral Chamber of Commerce.
"People moving here, into our new homes and existing homes, transfers wealth from other parts of the country to here. That's the rebirth of the local economy," says Quaintance.
He believes the current rate of growth -- 4 to percent increase in housing starts and sales per year -- is healthy and sustainable.
The FGCU Economic Research Institute also is putting out some findings that bode well for continued growth. It says November 2012 continued to show improvement over a year ago and over previous months this year.
Quaintance also confirms some information in the Forbes article, namely that a new Sam's Club is coming to the cape. It should break ground in 2013, on land on the south side of Pine Island Road, near the German-American Social club.
A Walmart also is slated to come to the cape sometime in the future. It would be built on the southwest corner of Veterans and Pine Island Rd.
"We hit bottom, we are coming back up, and we're in good shape," says Quaintance.