SWOT analysis of the KPB economic environment provides insight for administrative decisions by both government and business entities. W eaknesses within the borough. External analysis determines O pportunites and T hreats to the region. Strengths of the Kenai Peninsula Borough economy include its diversity and the entrepreneurial spirit of residents. Industrial activities include petroleum production, commercial fishing, tourism, recreational opportunities, manufacturing, and timber harvest extending to value-added timber products.
Many resources used in production are renewable, providing long-term use through proper management.
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. Conditions are suitable for deep-water freight docks and flight services, and adequate roadways are maintained. In addition, technological advances have decreased travel requirements as workers complete employment tasks through Internet use.