This SWOT analysis provides a summary of the primary strengths of Seneca Falls, New York as a location of business, outlining the various opportunities for economic growth, as well as the issues that might shape or impede those opportunities. The strengths include all of the available and valuable assets, which can be improved on or preserved. The weaknesses are ideally the short terms drawbacks and challenges that should be addressed to prevent potential long term problems to the viability of the area’s economy, or the living standards. The opportunities include all the long-range positive trends regarding the town, and the positive paths the town might follow. Threats are the long-term weaknesses that could
undermine the various attempts to meet the goals of the town.
This SWOT analysis was created from data obtained from local community opinions, and the interpretation of profile information and other inventory with details about Seneca Falls. As an analysis, this paper forms the basis for the development of future strategies and goals, which will be used to identify tangible, realistic, and affordable economic opportunities in Seneca Falls that the community and other investors can pursue.
Strengths:
• Many historic places and tourist draws
• State and National Parks as well as Wildlife refuge
• Canals and lakes
• A relatively high quality of life, and it’s a good place to raise a family
• A small-town atmosphere
• Great fire-protection service
• A very attractive Main Street, with a generally beautiful area/scenery
• Museums
• Strategic proximity to essential amenities
• A new library
• High quality schools that are not near capacity yet
• A chiropractic college
• Proper infrastructure (sewerage and water) with enough capacity for expansion
• Focus on the town as the center of the community
Weaknesses:
• Economic disconnection from the rest of the region
• Shortage of job opportunities
• Overlapping governments
• Some public and private properties require maintenance and improvements
• High taxes
• Inefficiencies and failure of the town in sharing revenue with the community
• Government communication with the community is not enough
• The existing tourist attractions have low attendance rates
• Relatively few community programs and events
• Inadequate ambulance services
• The town parks are currently at capacity
• The downtown faces low activity levels
• The Seneca Falls historical museum doesn’t have enough space for storage, events, displays, and even lacks handicapped access
• The available healthcare facilities are quite distant
• Building code enforcement and zoning
• A dwindling amount of emergency and fire volunteers
• Landfills are relatively prominent
• Some neighborhoods have been continuously degrading
Opportunities:
• Improvement in the lakes and canal boating facilities
• The towns location is ideal for becoming a major gateway into the region
• The economy has rooms for growth
• Investors can take advantage of the downtown historic area
• The new library has an increasing attendance rate
• The many historical and recreational resources in the area provide an avenue for coordinating programs and activities
• Developments in the multi residential housing space
• Potentially innovative uses of the Seneca Meadows landfill in the future
• Innovative reuse of the Knitting Mill located along the canal
• Sackett business district revitalization
• Ongoing outdoor recreational programs improvements
• The residents are open to work on joint ventures, and consolidating services in order to save costs
• There’s a growing support for improvements to the town’s atmosphere, scenery, open space, and views
• Strengthening the past connections including canals and rails role in the growth of the town
• The stable and significant source of income in the town can be used to fund various projects
• High attendance rates at the Historical Society
• The community needs can essentially compliment the needs of tourists, and result to growth of the local economy
Threats:
• Prevalent fear of pollution due to landfills
• The surrounding municipalities fail to participate in the regional growth plans
• Difficult to diversify the local economy
• Young adults continually leave the area
• A congestion problem accentuated when new tourist traffic adds onto the existing truck traffic
• Increasing costs of housing
• Rising encroachment into the farmland
• The town residents and their officials are yet to reach a consensus about the benefits of growth
• A predominantly aging population
• All businesses tend to face a seasonal lull
• Ongoing illegal activities accompanied by the negative perceptions that goes along with this
• Inadequate space at the Seneca Falls Historical museum
• The continuous change towards a global economy