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GFDA Quarter Index 2023Q2
North America’s top producer of Sustainable Aviation Fuel: Calumet Montana Renewables in Great Falls
Investment in The Gibson, downtown Great Falls’ second boutique hotel: $7 million
Number of rooms in The Gibson: 44
New apartments under construction in three development projects in Great Falls: 625
High School House construction completed by Great Falls Public Schools and NeighborWorks Great Falls student-built program: 45th house
Total wage earnings increase in Cascade County (Great Falls MSA) in 2022: 10.54% or $233 million
Average annual wage in Cascade County in 2022Q4: $51,568
Increase in average annual wage in Cascade County in 2022: 9.6%
National average annual wage increase in 2022: 5.0%
Average annual wage in Cascade County compared to national in 2022Q4: 74.9%
Average annual wage in Cascade County compared to national when GFDA was formed: 63%
Employment growth rate in Cascade County in 2022: 3.3%
Cost of living in Great Falls MSA: 86% of national average
Great Falls MSA housing cost: 65.5% of national average
Bozeman cost of living: 121.4% of national average
Bozeman housing cost: 157.3% of national average
GTF ranking of Montana airports lowest average domestic airfares for 2022: 2nd
Individuals reached through our Live in Great Falls social media efforts over the past year: 1.6 million
Number of impressions: 4.9 million
Individuals the campaign engaged with page actions: 234,069
Individuals engaged with link clicks: 44,326
GFDA 2023 Ally Award honorees: 14
Total activities with companies we recorded during quarter: 406
New companies we started working with during quarter: 167
Existing companies we continued to work with: 267
New target companies during quarter: 15
New project leads generated during quarter: 25
Total projects in our pipeline at end of quarter: 179
Activities with downtown Great Falls companies we recorded during quarter: 42
Montana meat processors we engaged with during quarter: 64
Meat processing training and advising sessions during quarter: 15
Specialty crop processors we engaged with during quarter: 74
Food and ag businesses served during quarter: 29
Entrepreneurs and small business clients advised during quarter: 69
New advising clients during quarter: 39
Entrepreneur and small business trainings during quarter: 3
Government contracting clients advised during quarter: 73
New government contracting clients advised during quarter: 36
Active government contracting clients at end of quarter: 184
Government contracting trainings during quarter: 4
Number of training participants: 86
Local businesses that participated in MAFB Meet with Industry event we hosted: 72 Government contracts won by clients: $4,104,277
GFDA gap and bridge loans closed during quarter: $3,080,000
Additional private investment leveraged by these loans: $7,869,757
More gap and bridge loans approved by GFDA during quarter: $4,630,000
Additional private investment that will be leveraged by these loans: $13,631,205
New loan capital awarded to GFDA during quarter: $2,688,534
SBA 504 loans approved during quarter: 1
Brownfield assessments provided during quarter: 3
New EPA brownfield assessment funds GFDA won during quarter: $500,000
GFDA team members who earned Economic Development Finance Professional designation during quarter: 2
Total companies we worked with in Fiscal Year 2023: 1,181
Total activities recorded with these companies: 9,694
Best state to start a business: Montana
Montana’s rank for cheapest state to start a business in: 4th
Montana’s rank for best economy in nation: 6th
Daily gallons of water from Giant Springs in Great Falls: 156 million
U.S. population that will be over 65 by 2030: 20%
American homes that are aging-ready: 10%
Year people over 65 will outnumber children 17 or younger in U.S.: 2034
Mimosas served during downtown Great Falls Mimosa Showdown: 15,000+
For info contact Jolene Schalper at JSchalper@GrowGreatFalls.org
or 1-406-750-4481
PDF of GFDA Quarter Index 2023Q2
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