W eaknesses within the borough. External analysis determines O pportunities and T hreats to the region. SWOT analysis provides insight for administrative decisions by both government and business entities. Strengths of the Kenai Peninsula Borough economy include its diversity, abundant resources and the entrepreneurial spirit of residents. Industrial activities include petroleum production, commercial fishing, tourism, recreational opportunities, manufacturing, and timber harvest with value-added products.
Many resources used in production are renewable, providing long-term use if properly managed.
Service industries include financial, insurance and real estate support, legal and medical services, childcare, residential care, and social activities. Weaknesses may include weather conditions, which with proper planning can be minimized. Location is another issue, yet the Kenai Peninsula Borough is better located for economic growth than much of Alaska with conditions suitable for deep-water freight docks and flight services. In addition, technological advances have decreased travel requirements as workers complete employment tasks through Internet use. Economic Threats within the borough may include limitations of timber supply due to slow growth.