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Helps marketers to focus on key issues. SWOT stands for Strengths, Weaknesses,. Opportunities, and Threats. Strengths & Weaknesses = INTERNAL factors.
Typology: Exercises
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Member: Danny DeMarinis Mike Lara Ken Lewis Linda Tipton Admin: Melissa Sadowski Chair: Norman Gaither
*This report is respectfully submitted by Norman Gaither.
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STRENGTHS - EDUCATION
(^1) Source: TimCorder Assistant Principle Cecil School of Technology
(^2) Business Week article: “Recoverny: Where will the jobs come from?” Chris Farrell July 15, 2009
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Discussions with Andrew Lubin of the STAR campus site development, supports the strength that Cecil County has for the development of an incubator program that could potential draw on the resource of the STAR programs in a regional approach to economic growth. Initial inventories of properties that are suitable for such a program (business incubators) are apparent (as noted within this report). The synergies of a regional approach given Cecil proximity to these emerging resources, is truly a strength of the County.
As a final note: Cecil College will be breaking ground on its planned Math and Engineering Building in March of
WEAKNESSES
Existing technology businesses are typically drivers for new technology ventures. An established technology base creates and maintains a pool of technology workers. The established assets of a technology base provide opportunities and economies of scale attractive to new businesses. Examples include the Aberdeen Test Center‟s Roadway Simulator and Army Research Rodman Laboratory. Without a critical mass of existing technology resources, new technology ventures must rely on costly internal assets.
The Technology Park currently houses 54 tenants in 5 buildings, and has substantial room for further growth. Its IT infrastructure and proximity of the University of Delaware are highly attractive to technology firms. The Delaware Technology Park will be an appealing option for firms that might otherwise consider a location in northeast Cecil County.
Fully accessible broadband telecommunications infrastructure and reliable public water and sewer are needed to attract technology businesses. Competing counties offer greater proximity to Baltimore, Washington and Philadelphia. Direct passenger rail and air transportation is absent. Economic Development resources are limited.
Cecil County is perceived as rural. The current availability of a technical workforce in Cecil County is perceived as low and the absence of a four year college or research university within the county may be a deterrent. Cecil does not have a track record for support of the start up of technology companies.
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Cecil County has an established record of success in agriculture, tourism and distribution. Are more cost effective economic development alternatives available?
OPPORTUNITIES
The objective of this section is to address technology opportunities in Cecil County in the 2012 – 2017 time frames. It will constitute the “O “section of a SWOT [Strengths, Weaknesses, Opportunities, and Threats] analysis. Opportunities come in two dimensions i.e. those based on positive demographics and those that leverage the region‟s strengths / align such strengths with associated opportunities and ensure coordinated execution. This section therefore is closely aligned with the Strengths[S] section in this plan.
[Opportunity to support]
Aberdeen Proving Ground [ APG ] has been projected as having brought close to 30, 000 new jobs to Northeastern MD , including 8500 government positions with an average salary in excess of $87,000 from 2006 – 2011 [ Ref. 1 ]. The majority of these new positions are in such high technology areas as:
. Information Technology . Software Engineering . System Engineering . Electrical Engineering . Chemical Engineering . Computer / Cyber Security
.Telecommunications
. Nanotechnology . Biomedical / Bio Technology . Test & Evaluation . Etc.
APG employees over 23,000 employees [government, industry] in the above high technology domains and is expected to grow over the next 5 years [subject to sequestration challenges]. In fact 20% of the current APG
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[Opportunity to Partner ]
Several high technology business associations serve our area that Cecil County has relationships with / memberships in. Such associations include NMTC [ Northern Maryland Technology Council ] with over 175 member companies , NBC [ Nuclear , Biological , Chemical Association [ with 137 Companies ] , The Economic alliance of Greater Baltimore , the Chesapeake Science & Security Corridor [CSSC , 50 member organizations from Baltimore to New Castle County ] etc. Such associations allow Cecil County the opportunity, to broadly partner in an efficient manner to bring new job opportunities, and attract high technology companies to meet the region‟s skill / knowledge worker needs.
[Opportunity to Develop / Transition Technology]
The University of Delaware is developing a University Research Park [STAR] in our region [Newark], and the Northeastern Maryland University Research Park [NEMD – URP] is developing a University Research Park to support Cecil / Harford Counties. Cecil County‟s OED is a board member of NEMD – URP. These Research / Technology Parks offer Cecil County the opportunity for high technology job creation and attraction of high technology firms / academic Institutions. Research / technology Parks are major incubators of jobs, and attractors of high technology firms. Specifically these evolving regional Research Parks serve as technology clusters central to high technology creation .The existing 175 National Research Parks [Ref. AURP- ]have well served our nation and the existence of two such evolving regional Research Parks is both an opportunity and sign of the attractiveness of our region WRT high technology. Lastly Cecil College‟s many new Academic partnerships with 4 year institutions [UD, Salisbury University , WU etc. ] and their new Engineering , Logistics , Contracts programs offer the opportunity to better educate / meet the knowledge worker‟s HE [ Higher Education ] needs.
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[Opportunity to Bring HE Institutions to Cecil County]
Recently MD has created a Higher Education Task Force [HB 256], as well as established a Regional Higher Education Advisory Board [HB 362]. Cecil County has served on these important higher education activities. The increased focus of Higher Education in our region provides the opportunity to attract major technical universities to better serve our region and to educate our work force to meet the high technology skill requirements of our region. Cecil County is now an official member of the region‟s new HE Advisory Board at the HEAT Center and has the opportunity to positively affect / leverage all higher education activities in our region.
[Opportunity to Install IT Infrastructure Efficiently]
The new contracts / efforts by Artesian Water are creating the ability to serve high technology companies and to ensure they have the water to meet such firm‟s requirements. Also there is the opportunity for IT infrastructure [i.e. cable / fiber systems] to be installed along- side such water installations and save on installation costs.
THREATS
The objective of this section is to address the threats to developing and maintaining technology opportunities in Cecil
County in the 2012 – 2017 time frames. It will constitute the “T” section of a SWOT [Strengths, Weaknesses, Opportunities and Threats] analysis. The discussion is intended to capture the elements that that need to be considered when planning future actions or delays to taking action as part of the Economic Development Commission‟s strategic framework.
As highlighted in the Opportunities section, external events (BRAC, UD Research Park) have brought a large influx of talent and resources to the area that Cecil County can leverage to increase the County‟s level of participation in technology development initiatives. So where should we be focused with regard to threats and developing threat mitigation strategies?
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We are surrounded by larger cities/communities that can offer compelling alternatives that exploit our weaknesses.
Though being close to the I-95 corridor is a definite strength, limited interchanges and high tolls on both sides of the county make for a poor comparison to neighboring counties. Cecil connector is still in discussions.
Both Harford and New Castle County represent significant competitive threats.
The University of Delaware‟s Research Park will draw attention but the State of Delaware may be able to erect barriers that fence us out.