2017-209-E ED - Timmons Group for site SWOT analysis

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DocuSign Envelope ID: 133C432C-0514-4837-8999-132431 C9AF4D Exhibit A -Page 3 of 6 Scope of Services: Economic Development Site Related SWOT Analysis May 2017 carry out further analysis of all the possible threats and disadvantages to make sure that they have been planned for in advance. • Political Factors(P): Government policies and regulations, taxes, incentives, and other business climate influencers. • Economic Factors(E): Factors such as interest rates, geopolitical stability, inflation, and other economic trends. • Socio-Cultural Factors(S):Socio-cultural aspects such as demographics, lifestyle choice availability, education, and other factors that might impact client attitude and perception. • Technological Factors(T): Factors that impact technological processes, innovation, adoption, and adaptability. The results of the PEST Exercise will enable a more comprehensive identification of Opportunities and Threats during small group the small group SWOT Analysis. 4. After the site presentations and PEST Exercise are complete, participants will be divided into small groups. Each small group will receive EDD and CITAN assignments. 5. The small group will perform a SWOT Analysis on their assigned site(s).The small groups will perform a SWOT analysis for each of their assigned site to identify the position of each site relative to the market, potential clients, and the competition. Since the main purpose of a SWOT analysis is strategy formation,the small group will be asked to rank the factors in each quadrant from most critical to least critical. • Strengths(5) - internal attributes and resources that support a successful outcome for the site. • Weaknesses (W) - internal and attributes resources that work against a successful outcome for the site. • Opportunities(0) -external factors the site can capitalize on or use to its advantage. • Threats(T) -external factors that could jeopardize the site's success. Note:The SWOT analysis template that will be given to each group is included in the Exhibit section of this proposal. 6. Group Processing: Each of the groups will present their SWOT analysis in a large group setting. Participants will be encouraged to provide feedback during each presentation. The small group SWOT analysis will become part of the overall SWOT analysis that will be reflected in the Consultant's recommendations and the final report. 7. Next Steps: The Consultant Team will summarize and document the items identified during the PEST Exercise as well as the SWOT factors identified for each site.This summary will be included in the Consultant Team's final report. Copyright O 2017 Timmons Group—This proposal shall be considered Confidential&Proprietary until such time as a contract has been executed with the Client.