In the compilation of the 2009-2014 CEDS, the PBRPC conducted a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis to lay the foundation for CEDS strategies, goals, and objectives. The SWOT analysis was completed via secondary research and stakeholder feedback garnered through interviews, round table discussions, webinars, online surveys, online SWOT forum polls, and social media.
You may view the SWOT analysis below from the 2008-2013 Permian Basin CEDS to identify contrasts and changes in the economic environment between the previous and current CEDS.
You may view the SWOT analysis below from the 2008-2013 Permian Basin CEDS to identify contrasts and changes in the economic environment between the previous and current CEDS.
StrengthsLogistics: Location on IH-20 and IH-10 / Mature State Hwy System
Oil and Gas Production Potential Regional Oil and Gas Competency Potential Production - Horizontal Drilling Techniques Availability of Land Accessibility of Rail Service Private Sector Investments in Rail Service Numerous Intermodal Business Parks CREZ Transmission Capacity Abundance of Alternative Energy Resources Midland International Air and Space Port / Differentiation Regional Marketing Plan - Higher Ground of Texas Regional Transportation Advocates / MOTRAN, Ports to Plains, etc. Industrial Water Supply Strong Collaboration / Communities, EDCs, Workforce Solutions, Education, etc. Post Secondary Education Infrastructure Innovation and Commercialization Potential / Private and Public Sector Expertise Emerging Biomedical and Life Sciences Competency / Health Science Center Stable Weather Small Business Administration and Entrepreneurship Assets |
WeaknessesDeterioration of State, County, and Local Roads - Heavy Truck Traffic
Low Unemployment / Little Slack in Labor Force Strong Competition for Oil and Gas Production Skill Set (competitive with other target industry clusters, i.e. manufacturing, transportation/logistics, and agribusiness) Available Skilled Workforce Attractiveness of "Quality of Life" to Younger Generation Availability of Affordable Housing Availability of Senior Citizen Housing / Assisted Living Availability of Multi-Family Housing Lower Relative Educational Attainment Capacity to Monitor/Enforce Environmental Regulations (primarily rural communities) Utility Infrastructure for Expansion Skilled Trade Labor in Rural Areas (i.e. electricians, plumbers, etc.) Rural Areas Lose Industry and Workforce to Midland/Odessa Teacher Availability, Including Bi-Lingual Physician and Skilled Workforce Availability Competitiveness between Communities for Economic Developments Lack of Funds to Support Dedicated Economic/Community Development (rural) Transportation Infrastructure between Communities not Adequate (support workforce mobility) |
Opportunities |
Threats |
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Diversification of Economic Base
Enhance Business Retention and Expansion Initiatives Strengthen Business Recruitment Strategies Leveraging Strong Transportation/Logistics Capacity for Diversification Secondary/Post-Secondary Education Collaboration to Promote Early Skill Attainment and Credentialing (i.e. dual credit, articulation, stackable credentials, etc.) Enhanced Alternative Energy Production Organized Effort to Promote R&D Competency Development of Commercial Space Cluster (unique asset in space port designation) Educate Federal and State Government Agencies about the Impact of Permian Basin Economic Activity (tax revenue) and the Region's Needs Promote and Develop Tourism to the Region Strengthening of Entrepreneurship Assets (low barriers to global competition) Addition of "Quality of Life" Assets Enhanced Coordination of Region Economic Development Planning Strengthen Out of Region Recruitment Enhanced Public Transportation Alternatives |
Volatility in Oil and Gas Prices (supply and demand changes)
Regulatory Changes / Energy Production Increase in Active Oil and Gas Plays (i.e., emergence of Eagle Ford Shale and others) Competition with Other Regions for Skilled Workforce Funding Allocations to Permian Basin Region from State/Federal Agencies Growth Outpacing Infrastructure Development Economic Contraction Resulting in Infrastructure Abundance (i.e., vacancy rates at hotels and rental properties) Deterioration of City/County Buildings Lack of Housing Threatens Economic Development (lack of large national housing builders in Permian Basin) Changes to Immigration Policy / National Availability of Water Resources |