economic development The City of Coral Springs Economic Development Office (EDO) is committed to working closely with companies in the community to retain, grow and attract new business. They do so through community partnerships with organizations such as the Coral Springs Coconut Creek Regional Chamber of Commerce, as well as Enterprise Florida, the Greater Ft. Lauderdale Alliance, Broward County Office of Economic and Small Business Development, brokers, and developers. The EDO website, www.CoralSpringsEDO.com, assists local businesses in making informed decisions and provides vital information to entities considering relocating to Coral Springs. Furthermore, a professional GIS software/web application has been installed, offering up-to-date demographic and labor force information as well as an online database of available industrial, retail, and office spaces based on user-defined criteria. The website features local businesses and highlights City attributes. The EDO is committed to investing in existing business outreach and marketing on multiple communication platforms to community and business engagement. The Economic Development Office, the city, and the Property Owners of the Coral Springs Commerce Park Association also continue to work cooperatively to improve the 442acre Commerce Park of Coral Springs. The Commerce Park offers a scenic setting and direct access to major highways like the Sawgrass Expressway, Florida Turnpike, I-95, and only a short drive from all major seaports and airports. The Park is ideal for Emerging Technology, Logistics, Professional Business Services, Corporate HQs, Life Sciences, and Pharmaceuticals.
In 2019, the EDO and the City completed an economic development strategic plan. The nine-month effort engaged residents, businesses and used the latest economic data to capitalize on the city’s human capital, physical assets, and market potential. The purpose of the strategic plan is to improve the business climate and promote businesses from within; establish a vision and define a value proposition for the Corporate Park, capitalize on regional strengths and infrastructure; align marketing and communications tactics with market opportunities for Coral Springs; and define specific geographical development priorities around the city. The activities and initiatives within the plan have been put into four categories (Business Climate, Municipal Functions and Leadership, Physical Environment and Placemaking, Marketing and Communications) and defined as low, medium and high priorities and short, mid and long-term efforts. The City Commission approved a Development/Redevelopment Incentive Program in December 2021 to address functionally obsolete buildings and development/redevelopment opportunities. The program promotes the rehabilitation, development, and redevelopment of properties within the City to retain existing businesses and jobs through redevelopment and revitalization activities and create new jobs through new development.
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