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SWOT Analysis: Key Findings <br />Key Findings (continued) <br />0 <br />Opportunities <br />• Economic Diversification: Potential to <br />attract new industries and businesses, <br />reducing reliance on existing sectors. <br />• Grant Funding: Availability of state and <br />federal grants for infrastructure, <br />sustainability, and community projects. <br />• Technological Advancement: Adaption <br />of new technologies to enhance city services <br />and citizen engagement.. <br />• Regional Collaborations Strengthening <br />partnerships with neighboring jurisdictions <br />and regional bodies. <br />4 <br />Threats <br />• Economic Volatility: Potential for <br />economic downturns impacting local <br />revenues and employment. <br />• Rapid Growth Pressures: Strain on <br />public services, infrastructure, and natural <br />resources from increasing population. <br />• Environmental Challenges: Impact of <br />climate change and extreme weather events <br />on city assets and resident safety. <br />• Talent Competition: Challenges in <br />attracting and retaining skilled employees in <br />a competitive labor market. <br />