View as Webpage

Students & faculty of Touro College of Osteopathic Medicine kicked off their first week with a night at the Great Falls Voyagers courtesy of GFDA and the Voyagers.

1) Last week marked a momentous occasion as we welcomed the first class of students at Touro College of Osteopathic Medicine. The outpouring of support from our community was overwhelming. Generous local businesses and organizations each donated 100 items for special baskets, each brimming with over $500 worth of local goods for the students to enjoy. A massive thank you to: Alluvion HealthAnnie’s Tap HouseCandy MasterpieceC.M. Russell Museum, Dragonfly Dry GoodsGiant Springs State ParkGreat Falls Americans HockeyGreat Falls Montana TourismGreat Falls Symphony, Great Falls VoyagersJeremiah Johnson Brewing Co.KellerGeistLewis & Clark Interpretive Center, McDonald’s of Great FallsMighty Mo Brew Co., North 40 OutfittersParis Gibson Square Museum of ArtPasta MontanaScheelsShowdown MTStockman BankStreet BurgersTeriyaki MadnessThe BlockThe History MuseumThe PeakTracy’s Family Restaurant, and Wheels of Thunder for their support and contributions. The positive response and kindness from the community to welcome these aspiring medical professionals has made a lasting impact, showcasing the genuine warmth and camaraderie of our Great Falls community.


2) GFDA has several different tools and services to help businesses and developers with their project needs. One of these tools is the gap and bridge financing that we offer. We closed a $310,000 bridge loan to Reach Development LLC which will enable the developer to move forward on a major apartment community Great Falls. The GFDA loan helped leverage an additional $1,200,000 of private funding. A big THANK YOU to our banking partner, Erin Townsend of Bravera Bank, for being instrumental in making this happen. If your business needs assistance with financing to start, grow or innovate please contact Jill Kohles at 406-590-1056 or JKohles@GrowGreatFalls.org.


3) June data from the Montana Department of Labor shows that employment in Cascade County increased by 396 from June 2022 to June 2023 with an additional 633 job increase in the rural counties of our trade area for total employment growth of 1,029. The labor force grew by 368 in Cascade County and an additional 595 in the rural counties for a total labor force growth of 963. Cascade County had a 2.7% unemployment rate in June. MDOL has 909 current job listings in Cascade County plus 847 listing in the rural counties of our trade area for a total 1,756 job listings.


4) We hosted an exciting prospect visit to Great Falls. The business was so impressed with Great Falls and their potential partners here that they have decided to fast track the next steps in their journey towards an expansion into our area. Thank you to our partners who helped make this a great visit!


5) Chastity Tarrow has opened A Kids Nest Childcare in Great Falls. The childcare facility is a family-owned business serving ages 0-10. Learn more about this new facility in our Announcement of the Week. 


6) GFDA's APEX Accelerator (formerly called Procurement Technical Assistance Center or PTAC) helped a small business in Havre with a critical contract payment issue caused by an expired registration. The business owner faced challenges renewing the registration due to a missing record. The Federal Service Desk couldn't fix it, so the Contracting Office with the Bureau of Reclamation referred her to our APEX advisors for assistance. After a month of work and multiple workarounds, we successfully resolved the issue. The contracting officer confirmed the business owner will receive the overdue payments, and the small business was also awarded a new contract starting on August 1st! The business owner said, “I don't know what I would have done without you.” This success highlights the significance of providing support to small businesses, particularly when dealing with technical challenges related to government contracts.


7) INDHemp hosted their 3rd Annual Montana Hemp Summer Summit. Over 100 people attended from across the country and internationally to listen to speakers discuss the future of hemp in regenerative agriculture, construction, and industrial processes; see KRTV. Anna Flies attended the summit to network with both hemp farmers and producers as well as the companies looking to include hemp in their production lines. If you are interested in starting hemp production in Montana or are looking to partner with Montana hemp producers, please contact Anna at Anna@GrowGreatFalls.org or 1-406-590-1301.


8) The City of Great Falls has three tax increment financing programs that can provide up to $130,000 in matching funds to support the redevelopment of downtown properties, and potentially more for major projects. If you are interested in knowing more, contact Christian at 1-406-836-0136 or CLeinhauser@GrowGreatFalls.org and let's discuss how this tool can work for your project. 


9) Tony ventured to Kalispell and Whitefish to meet with bankers and lenders to discuss SBA 504 loans available statewide from our own High Plains Financial. If you or your business are looking for additional funding options we may be able to help. To offer the best service to Montana banks and businesses, we have put together a virtual SBA 504 underwriting and loan closing team that has closed hundreds of 504 loans. Try us out! Contact Tony at Tony@GrowGreatFalls.org or via 1-406-750-2099 to learn more. 


10) Help us continue to welcome the inaugural class of Touro students to Great Falls! As we eagerly welcome the first class of students at Touro College of Osteopathic Medicine, we are reaching out to our wonderful community for a special request. On Thursday, August 24th, we kindly ask you to step up and host a small group of 3 to 5 students for dinner at a restaurant of your choice. Your hospitality will undoubtedly make a significant impact on these aspiring medical professionals as they begin their journey in our city. To participate in this initiative, please reach out to Jenn at 406-781-9499 or Jenn@GrowGreatFalls.org no later than August 15th. Together, let’s extend a warm welcome and show support to these promising students as they embark on their exciting new chapter.


11) The State Small Business Credit Initiative 2.0 (SSBCI 2.0) low interest rate program is still awaiting their third tranche of funding. This third tranche is on a first come first served basis, so start talking with GFDA now, if you have a project that could move forward with the benefit of low interest rate funding. These funds are limited and will be put to work very quickly to help our economy recover and come back stronger than ever. If you have a business startup or expansion planned that could benefit from a loan participation, contact Jill at JKohles@GrowGreatFalls.org or 1-406-590-1056.


12) Our achievements stand as a testament to the power of collaboration. We extend our gratitude to our esteemed INVESTORS and dedicated public partners, whose unwavering support plays a pivotal role in realizing our goals and fulfilling our mission. Discover more about them HERE. Their ongoing support empowers us to bring forth new opportunities and nurture talent within our region. To all, a sincere thank you. If you're interested in joining our valued team of investors, please don't hesitate to contact Investment Director Jenn Gallmeier at 406-781-9499 or Jenn@GrowGreatFalls.org. Together, let's continue to celebrate and grow the region.


Hope you're enjoying a great State Fair week!


Brett

 

Brett Doney

President & CEO

BDoney@GrowGreatFalls.org

1-406-750-2119

 

Connect with me on LinkedIn to network with the Great Falls Montana region. Forward the GFDA Top 10 to friends and colleagues. You can join our distribution list HERE or text GFDA to 22828.

Subscribe to the Grow Great Falls Montana YouTube channel!


"You can't do it unless you can imagine it."

George Lucas


Edition 593

DOWNLOAD OUR ECONOMIC DEVELOPMENT STRATEGY
DOWNLOAD OUR GFDA SERVICES AND STAFF TEAM HANDOUT
DOWNLOAD 2023 Q2 QUARTER INDEX

Staff Openings 

We have two great career opportunities to join the GFDA staff team. Download info on Small Business Advisor -- Director Regional Small Business Development Center and a new opening for a Small Business Advisor and Project Manager. GFDA is proud to be an Equal Opportunity Employer!

Cost-Effective Rail-Served Industrial Sites Available

If your company needs a rail-served, BNSF-Certified, shovel-ready site with all municipal services at your door, we have lots available for immediate construction in the Great Falls AgriTech Park. Contact Jolene Schalper at 1-406-750-4481 or JSchalper@GrowGreatFalls.org

DOWNLOAD AGRITECH FLYER

SBA Rates

July SBA 504 Loan Rates

The 25-year loan effective rate (including all fees) is 6.579%; 20-year at 6.632%; 10-year equipment loan at 7.063%; and, 20-year refinance 6.650%; 25-year refinance 6.597%. These rates are FIXED for the life of the loan and are inclusive of all fees. If you would like to find out how to get financing for commercial real estate and equipment at potentially lower rates than you're paying for your home mortgage, please contact Jill Kohles at 1-406-590-1056 or JKohles@GrowGreatFalls.org.

Events, Business Trainings & Opportunities

Join GFDA and Instructor Claude Smith from the Montana Manufacturing Extension Center in August for the Preventive Controls Qualified Individual for Human Food training, August 16-18 here in Great Falls. Learn to develop and implement a FDA-compliant Food Safety Plan and receive a certificate of completion directly from the Food Safety and Preventive Controls Alliance. Click here for more information and to register, or contact Katesha at 1-406-788-0860 or Katesha@GrowGreatFalls.org


The Montana Child Care Business Connect Fall Summit will be held September 13-14 at the Fairmont Hot Springs Resort. The summit will be the first of its kind annual gathering of child care providers, entrepreneurs, community leaders and industry professionals in Montana, offering a unique opportunity to share best business practices, learn new skills and resources, and network with like-minded partners. Register today.


Have you created or updated your Dynamic Small Business Search DSBS profile? A strong profile can significantly boost your contracting success by increasing your visibility to local, state, and federal agencies seeking goods and services. If you would like more information on how to create or update your DSBS profile, contact Shannon Clancy at SClancy@GrowGreatFalls.org.


The 12th Annual Montana Clean Energy Fair will be in Billings this year. The Fair will be held on the MSUB campus on August 12 from 9:00 AM to 3:30 PM. The Fair is free and open to the public. No tickets or registration are required. There will be workshops, exhibits and clean energy experts. For more information call 1-406-214-9405 or see montanarenewables.org.


The Great Falls Housing Market Assessment shows a need for over 450 new housing units per year in the immediate Great Falls area. For assistance with housing development, contact Jake Clark at Jake@GrowGreatFalls.org or 1-406-403-4937.


USDA has launched a new online tool to assist small businesses in identifying procurement opportunities; see USDA's Procurement Forecast.


Zero to 5 has launched the Montana Child Care Business Connect website to help support the startup and expansion of early childcare businesses. The Great Falls Childcare Demand Assessment shows a need for additional childcare facilities to serve 580 children in Great Falls. For assistance with childcare facility business planning, contact Rich Gannon at RGannon@GrowGreatFalls.org or 1-406-836-2078.


One of the many tools we have for renovating your building in Downtown Great Falls is the City's Downtown Tax Increment Financing (TIF) Grant. This 50% match grant can help with Façade, Building Code Compliance, and Safety & Security. One of the biggest uses of this grant is Fire Suppression and updating the face of your building. To find out more about this grant, call Christian at 406.836.0136 or email CLeinhauser@GrowGreatFalls.org and let's discuss how TIF and other tools can help you change the face of Downtown Great Falls. 


Employers are you looking for timely data on our local workforce? JobsEQ for Workforce is a software tool that provides timely data on our local workforce and employers—including demographics, occupations, wages, certifications, and more. Contact Lyndsay Bruno at Lyndsay@GrowGreatFalls.org or at 1-406-590 – 1539 to be connected with a JobsEQ-trained Business Advisor today. To learn more about our talent attraction tools visit our website


We launched the new Livability Great Falls Magazine. Find and share Livability Great Falls online or contact Lyndsay Bruno at Lyndsay@GrowGreatFalls.org or 1-406-590-1539 for hard copies of the magazine. 


Recruiters are you hiring for a job position that is a:  

  • High level position 
  • High salary position 
  • Out-of-the-box/unique/creative position? 

Help us attract workforce to move to Great Falls - send us a one sentence description of the job, 3-5 of your company's top employee benefits, salary (if listed), and link to apply for your job to Lyndsay@GrowGreatFalls.org to be included in the Hot Jobs in Great Falls blog post.  


The 2023 Montana Food and Beverage Show, hosted by the Montana Department of Agriculture, is scheduled for October 16 in Missoula. The show allows Montana businesses to showcase their food and beverage products to professional buyers from restaurants, hotels, bars, retailers, and more.


The Montana Department of Commerce has extended the application deadline to December 31st for the Montana Cybersecurity Program will provide up to $8,000 reimbursement for your cybersecurity expenses. And don't forget about funds available for your workforce through the Incumbent Worker Training Program and the Primary Workforce Training Grant. We can help you access these programs if you run into snags.


Navy Week - Doing Business with the Department of Navy & GovMatch Event (Billings Depot on Montana Avenue) - Join the Montana APEX Accelerator (formerly known as Procurement Technical Assistance Center - PTAC) August 9th from 9 AM – 5 PM as they welcome Mr. David E. Walz to Billings. Mr. Walz is the Deputy Small Business Program, Naval Undersea Warfare Center Division, Keyport. He serves as the principal advisor and advocate to the commander, senior management, contracts, and the technical department on all matters pertaining to small business program. During this event, businesses will receive information on the following topics: 1. Department of the Navy (DON) Office of Small Business Programs' Achievements and Goals 2. The DON OSBP Mentor-Protégé Program 3. Preparing for the DON procurement process 4. Resources and assistance to help businesses 5. GovMatch event in the afternoon. You will be able to meet with various other federal agencies in the afternoon. To register, click here. If you have any questions, contact Shannon Clancy at 1-406-590-1184 or SClancy@GrowGreatFalls.org.


USDA opened a new round of Rural Energy for America Program (REAP) grants and loans. Rural small businesses and agricultural producers can use the funds to make energy-efficiency improvements to lower operating costs or to install renewable energy systems. Quarterly competitions will be held through September 30th. See MATR.net for more info. Contact Katesha Campbell if you would like help with applying; Katesha@GrowGreatFalls.org or 1-406-788-0860. 


The Montana Manufacturing Extension Center has launched an apprenticeship program. The Certified Manufacturing Associate Apprenticeship is a one-year program that combines on-the-job training with online technical classes on safety, math and measurements, manufacturing processes, and quality control.


Are you in the planning and development phase of expanding your agricultural product or adding value to Montana agriculture by expanding your product into new markets? Montana’s Growth Through Agriculture (GTA) Business Acceleration Program (BAP) and Market Development Program (MDP) grants could help! Funds are available; click here for more information or contact Katesha at 1-406-788-0860 or Katesha@GrowGreatFalls.org.


The 341st Contracting Squadron, Malmstrom Air Force Base (AFB), is contemplating a solicitation for a multiple award contract (MAC) and is looking for responses to this Sources Sought Notification. Awarded MAC indefinite-delivery indefinite-quantity (IDIQ) contracts would be for the construction of structures and facilities, repair, maintenance, and alteration of real property assets within the confines of Malmstrom AFB, Weapons Storage Area (WSA), and Missile Alert Facility (MAF) and Launch Facility (LF) sites located within the Missile Complex throughout Montana. This is a great opportunity to Introduce your company to the Contracting Wing at Malmstrom AFB. Do you have a Capability Statement prepared that you can provide with your Sources Sought reply? If not, contact us at 1-406-750-1253 or LSunwall@GrowGreatFalls.org. For more information on the Notice, click here.



ArtsFest Montana will return to downtown Great Falls August 11-18. The Business Improvement District is looking for property owners who would like to have a professionally painted mural installed on their building. Contact Kellie at kellie@downtowngreatfalls.net or 1-406-727-5430. See TheElectric for more details.


If you are trying to redevelop a property that involves an environmental cleanup (including lead paint and asbestos) and you have a gap in your financing, your project may qualify for our low-interest brownfield redevelopment loan funds. We can make loans anywhere in Cascade County or within 100 miles from the borders of Cascade County which covers much of the region. We're eager to help make your project move forward. Contact Tony Peres at 1-406-750-2099 or Tony@GrowGreatFalls.org. We also have some small business or nonprofit startup or expansion loan funds available for Glacier and Blaine counties.


Cybersecurity challenges for businesses continue to grow. The Montana Manufacturing Extension Center (MMEC) is offering an array of useful resources to help Montana businesses to protect themselves.


Do you have open government contracts? Is your SAM.gov registered due to renew in the next few months? SAM.gov continues to have issues with the transition of the new validation process. It is recommended that businesses start early to renew their registration to keep from going inactive. If you are having trouble getting through the process, contact Shannon Clancy at 1-406-590-1184 or SClancy@GrowGreatFalls.org for assistance. 


The Montana Innovation Partnership is offering a number of trainings and an accelerator program for companies interested in pursuing Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants.


Montana STEP grants can pay for 75% of your international export marketing efforts up to $10,000. The Montana TechLink Center at MSU is offering a new round of workshops on how to win Small Business Innovation Research funding.


We have migrated our pre-business workshop for early stage and pre-venture startups to a self-paced, video-facilitated, online format, Business Basics for Startups. If you’d like to check out the content and provide feedback, we’d appreciate it. Click here to check out the new modules and resources. All of our recorded monthly business strategy webinars are available online for viewing anytime, check them out here. Please direct feedback to Rich at 1-406-836-2078 or RGannon@GrowGreatFalls.org.


The best resource we scan daily to stay abreast of business and community innovation is MATR.net (Montana Associated Technology Roundtables) which we are proud to help sponsor. Sign up for their free newsletter.


Join our Trailing Partner Email Group specifically for local employers to share resumes of trailing spouses/partners across the Great Falls region with other employers looking to hire. “Your (Live in Great Falls) website is very impressive and helpful! Great Falls looks amazing, and we love what we've seen real estate-wise, and business-wise.” This quote was from an email sent to us from a couple considering relocation to Great Falls. We will be sharing their resumes (with their permission) on the Trailing Partner Email Group.


Visit our relocation website LiveInGreatFalls.com. This website was the #1 request we got from local recruiters and HR professionals for aiding in attracting talented workers to Great Falls. The Great Falls At-A-Glance two-pager is a great complementary resource that highlights Great Falls for people unfamiliar with our community.


Of our online business planning tool, LivePlan, one said: "LivePlan is Awesome!" The LivePlan tool is helping her streamline her strategy in preparation for presenting to bank partners. We offer LivePlan licenses for free to active clients. Learn more about LivePlan on our website.

Grow diverse economic opportunities that enhance quality of life.

GFDA is a certified Community Development Financial Institution and a 501(c)3 charitable organization. High Plains Financial is a certified Community Development Corporation that offers SBA 504 loans statewide. GFDA and High Plains Financial are Equal Opportunity Employers, Lenders and Providers.


GFDA is proud to host a Montana Small Business Development Center, a Montana Procurement Technical Assistance Center, and a Montana Food & Ag Development Center. We are also proud to provide office space for MSU's Montana Manufacturing Extension Center and an SBA Women's Business Center in partnership with the University of Montana and the Montana Native Growth Fund.


GFDA was the first economic development organization in the Rocky Mountain West to earn accreditation from the International Economic Development Council.

Great Falls Development Alliance | GrowGreatFallsMontana.org

Facebook  Instagram  LinkedIn  Twitter