1st Quarter 2022 Index
Employment growth in Great Falls MSA (Cascade County) Moodys’ predicts by end 2026: 2,000 new jobs
Great Falls market support for construction of new for-sale housing: 2,540 units
Great Falls market support for construction of new rental housing: 1,880 units
Number of companies and developers that announced planned 2022 investments in Great Falls regional market at Ignite 2022: 23
Capacity of storage facility Sustainable Oils is building in Havre: 600,000 bushels
Great Falls Clinic expansions announced during quarter: $63 million
Endowment created by Blackfeet Community College: $3 million
Average annual wage growth in Great Falls MSA in four quarters ending 2021Q3: 5.5%
Average annual wage growth during those four quarters: $2,385
Total wage growth in Great Falls MSA in four quarters ending 2021Q3: 6.7%
Dollar amount of annual total wage growth during those four quarters: $107 million
Hazardous materials cleanup grant GFDA is providing to Alluvion Health to support redevelopment of the historic Rocky Mountain Building: $424,000
Cost of living in Great Falls compared to national average: 89.17%
Estimated number of Malmstrom AFB spouses: 1,450
MAFB spouses who have earned advanced degrees: 30%+
Great Falls Public Schools students attached to military families: 11.3%
Live in Great Falls talent attraction marketing organic social media impressions in February and March: 744,796
Live in Great Falls fans and followers: 6,378
Companies we actively engaged with this quarter: 368
Target activity this quarter (companies and developers we have targeted to try to attract into Great Falls trade area): 97
Total current identified targets: 285
New leads generated this fiscal year (companies and developers with planned investments that are considering Great Falls trade area): 131
Leads worked on this quarter: 86
Projects generated this fiscal year (investments in Great Falls trade area planned by companies and developers): 162
Active projects we worked on this quarter: 31
Entrepreneurs, future entrepreneurs, and businesses in Great Falls trade area advised by GFDA during quarter: 175
Of these, number of new advising clients: 72
Entrepreneur and business training sessions offered during quarter: 13
Number of training participants: 173
Businesses bought or started by advised clients during quarter: 2
New capital secured by entrepreneur clients during quarter: $2,791,529
Jobs supported by our Small Business Development Center (SBDC) during quarter: 336
Businesses active with our Procurement Technical Assistance Center (PTAC) during quarter: 137
Amount of government contracts won by clients during quarter: $1,127,450
GFDA gap and bridge loans underwritten during quarter: $1,450,000
Additional private investment to be leveraged: $7,570,000
SBA 504 loans underwritten during quarter: $788,000
Additional private investment to be leveraged: $1,141,000
Current SBA 504 fixed 20-year effective loan interest rate with 10% down: 3.761%
Current 10-year equipment effective fixed rate: 3.807%
Free Brownfield assessments in progress: 2
Brownfield cleanups underway: 3
Kiplinger prediction of record 2022 U.S. agricultural exports: $175.5 billion
New franchises expected to open in U.S. in 2022: 18,000
Number of pickleball participants in USA: 5 million
Overall occupancy in U.S. professionally managed apartments in January: 97.6%
Average asking apartment rent in U.S. in January: $1,604
Employees and executives who attribute workplace failures to a lack of collaboration or ineffective communication: 86%
Employers that rate teamwork and collaboration as very important: 75%
Employees who say there is not enough collaboration in their organizations: 39%
Americans who now state they would prefer living in a large city: 9%
In a small city: 16%
In suburbs: 33%
Bachelor degrees added in U.S. in past 20 years compared to jobs created that require such a degree: Twice as many degrees as jobs that require a degree
Recent college graduates who are working in jobs that don’t require their degree: 40%
Most pet friendly city in Montana: Great Falls!
