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Transportation Facilities of Regional Significance
15 | Page
SWOT ANALYSIS – STRENGTHS,
WEAKNESSES, OPPORTUNITIES, AND
THREATS
The SWOT analysis of the regional economy answers the question of
“Where are we now?” In September 2021 a survey was sent to
stakeholders to request their feedback on the region’s Strengths,
Weaknesses, Opportunities, and Threats (SWOT).
Using their responses, this chart identifies the region’s competitive
advantages that can be leveraged to enhance economic growth
including cultural, economic, technological, intellectual, and physical
assets. The SWOT analysis exercise was instrumental in shaping the
Plan’s Vision Statement, Goals, and Strategies. Leveraging regional
strengths and opportunities to diminish weaknesses and threats is key
to developing a resilient, vibrant economy.
Airports & Seaports
Location
Tourism
Diverse Population
Higher Education
Weather
Low tax rate
Arts & Culture
Growing Access to Capital
Healthcare System
Small Business Community
Economic Growth
Climate Change / Sea Level Rise
Housing Affordability (affects ability to attract/retain talent)
Lack of Skilled Workforce
Lack of Leadership
Lack of Regional Collaboration
High Living Costs
Lack of Transportation / Transit
Low Wages
Inequity / Racial Equity
Water Quality
Lack of Investment (Access to Capital)
K-12 Educational Achievement
Employability Skills (Soft Skills)
Airports & Seaports
Apprenticeships
Regional Collaboration
Economic Diversification
Green Industries
Entrepreneurship
Investment in Emerging Industries
Workforce Development
Improvement of Education System
Leader in Resiliency Initiatives
Small Businesses
Eco-Tourism
Governmental & Organizational Capacity
Lack of Affordable Housing
High Living Costs
High Insurance Costs
Pockets of Concentrated Poverty
Sea Level Rise
Lack of Regional Collaboration
Natural Disasters
Lack of Qualified Skilled Workforce
Transportation / Transit
Water Supply & Flood Management
Domestic & International Competition
High Number of Workforce in Low Wage Jobs
16 | Page
STRATEGIC DIRECTION
South Florida continues to emerge as a globally connected
metropolitan area, the EDD continues to develop robust goals with
implementation action measures that address the CEDS goals for the
next five years. The South Florida CEDS, augmented by the CEDS
Strategy Committee, provides a strategy for resilient regional
development. The Florida Chamber Foundation’s Six-Pillars
Framework8, which includes Talent Supply and Education, Innovation
and Economic Development, Infrastructure and Growth, Business
Climate and Competitiveness, Civic and Governance Systems, and
Quality of Life and Quality of Place are incorporated into the CEDS by
reference.
Talent Supply & Education Pillar – Florida is experiencing a talent gap
— a crisis in human capital that represents a vast and growing unmet
need for a highly skilled and educated workforce. As technology and
new innovations continue to change, Florida will struggle to remain a
global leader without a thriving base of knowledge workers. Education
and training are the foundation of Florida’s future workforce.
Innovation & Economic Development Pillar – Competitiveness and
prosperity in the 21st century will be based on technology, knowledge,
and innovation. Demands for return on investment have never been
greater and legacy industries will continue to contend with pressure as
new industries emerge. As we consider Florida’s future, transforming
our existing business base is the key to retention and expansion.
Infrastructure & Growth Pillar – Florida’s seaports, airports,
highways, railways and supporting infrastructure need to be able to
grow smarter for the future residents. Planning for future
development, water, transportation and logistics, energy,
communications, waste management, emergency preparedness, and
environmental issues are essential to a prosperous, inclusive future.
Business Climate & Competitiveness Pillar – Providing the resources
for businesses to start and grow including ensuring reasonable