SWOT Analysis
A strengths, weakness, opportunities, and challenges or SWOC analysis was conducted with the CEDS Stakeholder Committee. The information gained through this process allows for a thorough assessment of the economic needs of the region and the assets available to meet those needs. The goals, objectives, and actions formed to encourage economic growth were created with information gathered and analyzed through this process.
| Strengths & Opportunities |
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| Strengths | Opportunities |
- Advanced Manufacturing Program (AMP): Grows workers, certification with 30 manufacturers.
- Made in Texoma: Business Education for Teachers, strong resource offered by WFS.
- Housing: Available, though not affordable for many residents.
- Excellent Collaboration Among Stakeholders: Multiple economic development organizations working collaboratively.
| - Businesses wanting workers: Jobs available for those seeking employment.
- Collaboration: Education, economic development, and government entities working together.
- Childcare grant at Texoma Workforce Solutions: Childcare available for qualifying workers.
- Economic strength: Region is relatively strong economically.
- Business Diversity: Hot spot for semiconductor manufacturing.
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| Weaknesses & Challenges |
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| Weaknesses | Challenges |
- Citizens against growth: Many residents opposed to population increases.
- Not enough workforce housing: Housing available, but not at workforce prices.
- Poverty in rural areas: Areas of poverty and opportunity zones.
- Limited transportation: No fixed-route service, existing provider is by appointment.
- Rentals too expensive: Difficult to find housing at workforce prices.
- Lack of infrastructure: Rural areas with incomplete or missing infrastructure.
- Construction: I75 corridor is incomplete.
- Broadband: Limited broadband access in rural communities.
| - Changing population and demographics: Growing population, change in demographics. Equity and inclusion need to be priorities.
- Housing: Shortage and cost burden.
- COVID-19: Businesses closing, regional decline; employment rate declines post-pandemic.
- Poverty: Linked to social characteristics such as households with income < $25,000, female single parent households, and no high school graduates.
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