SWOT
STRENGTHS
- Diversified regional economy
- Strong local economies in rural counties that strengthen region (i.e. Fredericksburg, New Braunfels, Kerrville, etc.) –
micro-cluster economies
- Region is home to crossroads of IH-35, IH-10, and IH-37
- Strong military presence
- San Antonio Medical Center (SAMC), home of military medicine
- Strong corporate headquarter presence (USAA, HEB, Rackspace, Whataburger, Valero, Tesoro, SWBC, etc.)
- Port SA intermodal port and Hondo intermodal port are transportation and logistics assets
- Strong airport capacity region wide anchored by San Antonio International Airport and Stinson Airfield
- Eagle Ford Shale oil and gas reserves (concentrated in rural AACOG region counties)
- Positioning of San Antonio as regional headquarters for Eagle Ford Shale production companies
- Growing local manufacturing cluster led by Toyota and Caterpillar plants
- Strong local healthcare cluster
- Growing Bioscience cluster, championed by BioMed SA
- Regional competency in biomedical research, including Southwest Research Institute and UT Health Science Center
- Availability of developable land (rural counties)
- Strong Collaboration / Communities, EDCs, Workforce Solutions, Education, etc.
- Post-Secondary Education Infrastructure (Alamo Colleges, UTSA, Texas A&M San Antonio, and numerous private
universities)
- Public transportation capacity
WEAKNESSES
- Low unemployment, limited talent pool for growth
- Low educational attainment levels relative to state and nation
- Eagle Ford Shale production has deleterious impact on local and county roadways
- Limited skilled IT workforce to support emerging cluster
- Highway capacity taxed in keeping up with economic and population growth
- Competing economic development interests regionally between municipalities and economic development groups
OPPORTUNITIES
- Leverage economic potential of San Antonio to Austin corridor
- Increased economic coordination with Austin to build complementary industry clusters
- Continued development of competencies in emerging clusters, i.e. IT, manufacturing, and biosciences
- Improved economic develop coordination region-wide
- Enhance Business Retention and Expansion Initiatives
- Improve secondary/post-secondary collaboration to promote educational attainment and credentialing (i.e. dual
credit, articulation, stackable credentials, etc.)
- Invest in R&D and venture capital assets in the region
- Strengthening of entrepreneurship assets (low barriers to global competition)
- Continue to build “Quality of Life” assets region-wide
THREATS
- Military reductions in force and reduction of additional federal funds
- Volatility in Oil and Gas Prices (supply and demand changes)
- Competition with other regions for skilled workforce
- Changes to Immigration Policy / National