STRENGTHS, OPPORTUNITIES, WEAKNESSES, THREATS
SWOT ANALYSIS
The Catawba Region Economic Development District comprises two distinct geographies, each with its own strengths and challenges. These distinctive sectors include vibrantly growing and urbanizing areas, such as Rock Hill / Fort Mill within York County and northern Indian Land within Lancaster County coupled with historically rural agricultural areas such as Union and Chester Counties. In recent years, there have also emerged areas of transition such as the Richburg / I-77 Exit 65 area of Chester County, the Indian Land HWY 521 area of Lancaster County, and the US HWY 176 corridor in Union County. These areas have begun to transform and grow as major industries, such as GiTi Tire in Richburg have developed. This transition highlights the need to proactively and strategically plan at the local and regional level to leverage strengths and opportunities and address weaknesses and threats.
STRENGTHS
- Uniquely geographically positioned between Charlotte, NC, Columbia, SC, and Greenville, SC
- Transportation network
- Major existing industries / corporate operations
- South Carolina I-77 Alliance
- Local economic development operations
WEAKNESSES
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Education / Workforce skills in rural areas of district
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Lack of industrial spec buildings
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Shrinking industrial site inventory
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Lack of industrial diversity within rural areas of region
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Workforce housing deficit in portions of the region
OPPORTUNITIES
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Marketing of Region
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Leveraging impact of major industrial development
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Education and Workforce Development
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Proactive planning for growth and development
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Further partnering with EDA throughout the region
THREATS
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Not planning for growth
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Air and water quality
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Sustaining ROI
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Potential downturn in consistent and ongoing funding to assist in regional economic development endeavors
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Not focusing on diverse needs of region: rural –vs- urban