SWOT Analysis

REGIONAL OPPORTUNITIES

While the Piedmont Triad has clearly defined strengths, our focus turns to our regional weaknesses and support efforts to address them and transition them to opportunities. A united effort to apply for funding and share resources to address the public transportation and broadband connectivity gap, is a must for our region. Additionally, providing greater support and outreach for K-12 education programs is critical for both quality of life and business growth. While financial and consulting support is currently being offered to entrepreneurs, growing that support and building a stronger ecosystem is essential to develop a robust and dynamic regional economy.

Opportunities to Fuel

    • Regional Collaboration and Engagement with Developing a marketable brand 
    • Building an Entrepreneurial Ecosystem network to facilitate small business development, growth, and support 
    • Develop Accelerators, Incubators, and Multi-use spaces for start-up businesses
    • Continue maintenance and capacity building of public utility infrastructure
    • Recruitment of remote workers to the region
    • Develop a unified mobility resource page of available resources across all geographic areas
    • Increased educational funding for Apprenticeship and College Promise Programs
    • Changing demographics and Increasing Diversity
    • Continue investments in Aviation technology advancement and air mobility, biotechnology, healthcare, and public service
    • Encourage an increase in capital access to minority-owned, women-owned, and veteran-owned businesses

Key Findings from our 2022 Regional CEDS Survey:

  • 72% of CEDS public survey respondents agreed with the statement “Redevelopment should be a priority in my community.”