#PBCEDS
  • #PBCEDS
    • #PBCEDS
    • About the CEDS
    • Acknowledgements
  • Executive Summary
  • Action Plan
    • Strategy Committee
    • Goals and Objectives
    • Performance Measures
  • SWOT
    • SWOT Forum
    • 2008 SWOT
  • Regional Vitals
    • Geography
    • Demographics
    • Innovation & Entrepreneurship
    • Transportation Infrastructure
    • Education & Workforce
    • Quality of Place
  • Economic Clusters
    • Energy
    • Biomedical & Life Sciences
    • Aerospace & Space Exploration
    • Transportation & Logistics
    • Manufacturing
    • Agribusiness
  • Research
  • Surveys
    • Economic Development Survey
    • Economic Development Survey - Update
    • Industry Survey
    • Community Survey

SWOT

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. 

Strengths

Logistics: 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

Weaknesses

Deterioration 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

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
Designed and managed by 710 Analytics LLC
  • #PBCEDS
    • #PBCEDS
    • About the CEDS
    • Acknowledgements
  • Executive Summary
  • Action Plan
    • Strategy Committee
    • Goals and Objectives
    • Performance Measures
  • SWOT
    • SWOT Forum
    • 2008 SWOT
  • Regional Vitals
    • Geography
    • Demographics
    • Innovation & Entrepreneurship
    • Transportation Infrastructure
    • Education & Workforce
    • Quality of Place
  • Economic Clusters
    • Energy
    • Biomedical & Life Sciences
    • Aerospace & Space Exploration
    • Transportation & Logistics
    • Manufacturing
    • Agribusiness
  • Research
  • Surveys
    • Economic Development Survey
    • Economic Development Survey - Update
    • Industry Survey
    • Community Survey