In building an economic development program for Springtown an essential step is to conduct an analysis of the community Strengths, Weaknesses, Opportunities and Threats.
The identified “Strengths” are those accomplishments that should be used in marketing the advantages of new investment and development for Springtown. Identifying “Weaknesses” are items to be worked on in building an economic development program and resolving deficiencies in the market. Springtown “Opportunities” are those activities to be engaged to add strength to the market. Springtown “Threats” are identified by economic actions outside the influence of Springtown but risks that may impact the economic market.