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Touro students, faculty, and staff kicked off the school year with a night at the ballpark, hosted by GFDA. A big thank you to our GFDA investors for making this event possible, and to the Great Falls Voyagers for the incredible hospitality!

1) Touro College of Osteopathic Medicine held its White Coat Ceremony for the Montana Class of 2029, marking the start of medical school for 135 students. This symbolic “cloaking” ceremony represents their official entry into the field of medicine and the beginning of their four-year journey at Touro. Congratulations to the new class, and welcome to Great Falls!


2) Touro University continues to invest in Great Falls. Medical school students provided over 5,000 volunteer hours over the last year. The University is working on expansion plans to include a suite of health sciences programs, and they are working with the local legal community to address the need for more legal services in the region. We are very excited to be working with Touro and partners on these initiatives.


3) Congratulations to Precision Clean MT, LLC on their recent contract award with the Malta National Guard Readiness Center, and to Boland Well Systems, Inc. on their award with the Bureau of Land Management! It’s exciting to see our Montana businesses succeeding in the government marketplace, and Great Falls Regional APEX is proud to celebrate these milestones with them. Past performance is a cornerstone of government contracting. Each successful contract strengthens your credibility, enhances your company’s reputation, and paves the way for greater opportunities. No matter your industry or business size, building a strong performance record can give you the edge to explore new pathways in the federal market. To learn more, contact Shannon Clancy at SClancy@GrowGreatFalls.org or 1-406-590-1184.


4) Housing development progress! On Thursday, August 7th at 10:00 AM we are presenting a Housing Projects Update event hosted by our partners, the Great Falls Association of Realtors. Hear about projects underway for Great Falls and one NEW project being announced. Do you have a housing project moving forward in Great Falls? Reach out to Jake Clark at Jake@GrowGreatFalls.org or 1-406-403-4937. The event will also have a zoom option for attendance. Register here!


5) Hometown Dental is under construction on 9th Street in Great Falls. Big Sky Bungee and More is also under construction. See info on these new businesses and more on ABC Fox Business Buzz.


6) The Montana State Small Business Credit Initiative (SSBCI) 2.0 Loan Participation Program has reopened for tranche three funds with a firm deadline to apply by August 1st. This limited window offers small businesses a final opportunity to access the low-interest rate funding. Businesses interested in applying should begin conversations with GFDA immediately as this may be the last chance to secure financing under the current tranche. If you know of a business looking to start or expand who has a financing need, please contact Jill Kohles at 1-406-590-1056 or JKohles@GrowGreatFalls.org.


7) One of our loan clients, Wink Advertising, has launched a digital billboard that offers great advertising opportunities in West Helena Valley. Download flyer or call them at 1-406-410-5128.


8) Spread the word. Great Falls Public Schools is holding a Job fair on tuesday, August 19th from 11:00 Am to 1:00 Pm at the Paris Gibson Education Center. For more information or to fill out an application visit www.gfps.k12.mt.us or call 1-406-268-6010.


9) The Government Buys Everything! Great Falls APEX is proud to host Montana APEX GovMatch 2025. This one-day, in-person event is offered at no cost and welcomes businesses of all sizes and industries. Whether you’re a supplier ready to showcase your capabilities or a buyer seeking qualified suppliers, you don’t want to miss this opportunity. Join us on Wednesday, August 13th, from 8:00 AM to 5:00 PM at the University of Providence in Great Falls to connect with key decision makers and build relationships that can lead to contract awards and business growth. To Register: CLICK HERE! For more information or if you need help preparing for GovMatch, contact Shannon Clancy at SClancy@GrowGreatFalls.org or 1-406-590-1184.


10) Zero to Five has grants available for employers to help their employees with childcare. See ABC Fox.


11) Montana Renewables (MRL), the leading independent producer of renewable fuels in the United States, announced that they intend to build additional water treatment capacity at their Great Falls, Montana facility. The planned addition to existing onsite water treatment will deliver sustainable, science-based water solutions that comply with regulatory standards while keeping the natural resources and economic benefits in Montana. MRL was previously shipping wastewater to an out of state, third party location for treatment and processing. A loan from the U.S. Department of Energy (DOE) is enabling MRL to expand domestic renewable fuel production and create high paying jobs in the North Central Montana region. See KRTV.


12) We seek properties across Cascade County—including Great Falls, Belt, and Cascade—that have the potential to spark catalyst redevelopment and transform surrounding neighborhoods. We are specifically looking for sites suitable for a state-of-the-art sports complex, modern market-rate housing, or a conference hotel, each of which can serve as a powerful driver of economic growth, investment, and community revitalization. These high-impact projects have the potential to attract new talent, support workforce needs, and energize both urban and rural areas. If you know of a property that fits this vision, please contact Christian Nichols at CNichols@GrowGreatFalls.org or 1-406-788-9385. Let’s work together to unlock the next major opportunity for growth in our region.


13) Our GFDA Small Business Development Center met with many entrepreneurs and small business owners, each at different stages of business ownership. Our team of Business Advisors are trained in all aspects of owning a business-from Research and Development to Start Up to Expansion to Selling a Business as well as all stages in between. It can be overwhelming at any stage so we take time to understand where the business owner currently is and what steps are needed in each situation to keep things moving forward. Often times, just bringing in a new set of eyes, research data or financial analysis provides a picture and direction while giving framework for a solid plan. Our services are provided at no cost to you. You are not alone. You don’t have to figure out everything yourself. This is what we do every day. Pick up the phone or e-mail one of our Business Advisors: Christian Nichols, CNichols@GrowGreatFalls.org or 1-406-788-9385; Rich Gannon, RGannon@GrowGreatFalls.org or 1-406-836-2078; and Deb McGregor, Deb@GrowGreatFalls.org or 1-406-750-0314.


14) Save the date! The Montana Renewable Energy Association (MREA) is hosting the 14th annual Montana Clean Energy Fair in Great Falls, Montana on Saturday, August 23rd. There will be workshops on solar, clean energy careers, energy efficiency, and more. The fair will also feature an electric vehicle car show and kids activities. Admission is free.


15) We’re seeing strong interest from companies across all sectors looking to expand into North Central Montana, and many of them have specific site needs. Recent requests include sites with access to 3-phase power, natural gas, rail infrastructure, and proximity to major transportation routes. We’re also hearing consistent interest in 20–100+ acre parcels, shovel-ready sites, and existing industrial buildings with high ceilings and dock access. These needs reflect the types of projects seriously looking at our region. If you know of sites that meet these specs—or want to better understand what companies are looking for—reach out to Christian Leinhauser at CLeinhauser@GrowGreatFalls.org or 1-406-836-0136.


16) For the past two years, community members have welcomed Touro students by hosting small group dinners at local restaurants. We’re excited to bring this tradition back again this year! We’re looking for volunteers to host a group of 2–5 students for dinner at a restaurant of your choice. The date is still being finalized, but if you’d like to be added to the host list, contact Jenn at 1-406-781-9499 or Jenn@GrowGreatFalls.org.


17) Last call for Montana Department of Environmental Quality (DEQ) Alternative Energy Revolving Loan Fund applications. The application deadline is July 31, 2025. This program offers fixed-rate, low-interest loans for qualifying alternative energy and energy efficiency projects. Small businesses located in Great Falls and North Central Montana receive competitive application scoring preferences. For more information or to apply, contact Montana DEQ or reach out to Meranda Bass at 406-444-6586.


18) We are at a juncture a where maximizing every available energy resource is crucial. Do you know a business that would be a great fit for our region to keep growing our energy industry sector? Do you need help figuring out next steps and available resources for implementing energy related projects in our region? Kristen Blue wants to talk to you. Please contact her at 1-406-788-4989 or Kristen@GrowGreatFalls.org


19) We’re excited to share that Opportunity Finance Network, our national CDFI trade association, has approved GFDA for a $1 million loan for loan capital and a $150,000 grant. These funds will help us support more business startups, expansions, and job-creating projects across the region. If you're exploring financing options for your business, contact Jill Kohles at 1-406-590-1056 or JKohles@GrowGreatFalls.org.


20) We're looking for people who live in our region but work remote! We have launched a national PR Campaign, in partenrship with Visit Great Falls Montana, with the intent of getting people to visit here and live here. Each month we are publishing curated media releases. The next one will be focused on remote workers. If you are or know someone who is a resident of our region but working remote - please reach out to Katie Carvell, Katie@GrowGreatFalls.org


21) Touro College of Osteopathic Medicine is hosting a Community Vendor Fair on Thursday, July 31, from 2:00 to 4:00 PM on its Great Falls campus.This event will help kick off the new academic year and is a great opportunity to introduce your business, organization, or services to over 100 medical students, as well as faculty and staff. Whether you’re a local shop, restaurant, nonprofit, healthcare provider, or service-based business, Touro would love to connect you with its campus community. There is no cost to participate, and they will provide a table and chairs for your setup. You’re welcome to bring promotional materials, coupons, giveaways, or samples to share. Here is the RSVP link for interested businesses.


22) The City of Great Falls has issued a draft stormwater management master plan and is seeking comments. This is a very important infrastructure plan to protect and support existing buildings and proposed developments throughout the city. See TheElectric for more info. A public meeting will be held on Thursday, August 14th from 11:00 AM to 1:00 PM in the Gibson Room of the Civic Center. The comment period closes on August 15th.


23) Jobs are being created, businesses are expanding, and Great Falls is growing. GFDA’s work, powered by our investors and public partners, is helping turn vision into opportunity across our region. Learn about our investors and why they support us by viewing this short video. Recent investments include: Community Division—Great Falls CollegeNew Dea Property Managers. Interested in getting involved? Reach out to Jenn Gallmeier at 1-406-781-9499 or Jenn@GrowGreatFalls.org


24) Katie Carvell is moving into a new role with our team! She will now be the Downtown Business Development Officer focused on working with developers and building owners. We are looking for three dynamic team members, an Accounting Assistant, a Business Development Officer focused on food, ag and bio processing industries, and a Business Development Officer focused on online lead generation. Download our updated Career Opportunities and please forward it to great candidates.


Enjoy the Montana State Fair right here in Great Falls!


Brett


Brett Doney

Great Falls Development Alliance

BDoney@GrowGreatFalls.org

1-406-750-2119


Connect with me on LinkedIn.


Forward the GFDA Top 10 to friends and colleagues. You can join our distribution list here or text GFDA to 22828.


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"So what do we do? Anything. Something. So long as we just don’t sit there. If we screw it up, start over. Try something else. If we wait until we’ve satisfied all the uncertainties, it may be too late."

Lee Iacocca


Edition 695

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

July 2025 SBA 504 Loan Interest Rates

The 25-year loan effective rate (including all fees) is 6.37%; 20-year at 6.39%; 10-year equipment loan at 6.17%; and, 25-year refinance 6.4%; 20-year refinance 6.42%. 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

Applications are open until July 25th for Montana Department of Environmental Quality (DEQ) Alternative Energy Revolving Loan Fund. The funding available offers fixed rate, low interest loans for qualifying projects and improvements. The interest rate for 2025 is 3.5 percent. Loans are awarded through a ranked application process; small business applicants located in Great Falls and North Central Montana have scoring advantages. If you are a small business considering investment in alternative energy systems and energy conservation measures, this may be a great opportunity to get your project going! To learn more and apply, contact Montana DEQ or Meranda Bass at 1-406-444-6586. To discuss your energy project or energy related opportunities in North Central Montana, contact Kristen Blue at 1-406-788-4989 or Kristen@GrowGreatFalls.org.


Data helps drive decisions in business. Our Small Business Development Center assists clients dig into real numbers using powerful tools like Profit CentsVertical IQ, and Bizminer for industry financial benchmarks. We help clients tap into wage data using Jobs EQ,  a labor market analytics platform loaded with up-to-date wage, employment, and industry trend data for our region. From startup research to expansion planning, we’ve got the data to back your business decisions—all at no cost to you. Need insights for your industry? Contact the Small Business Development Center today.


The 2025 Livability Great Falls magazines are here! This is a great tool for employers to use to recruit talent to relocate to the Great Falls region. Hard copies will be distributed this week -- the digital version is now live—with interactive links perfect for showcasing all that Great Falls has to offer. Last year’s digital magazine saw 24.3K views and over 200.3K social impressions—proof that people are looking at Great Falls and liking what they see. Help us spread the word about the lifestyle, opportunities, and energy of Great Falls. Contact Katie Carvell for support and ideas on how to make the most of this resource at 1-406-217-7635 or Katie@GrowGreatFalls.org.


The Montana Department of Environmental Quality (DEQ) is offering an upcoming energy auditor training pilot program. DEQ is covering the costs for lodging, pre-requisites, class, and testing. For more information contact Sam Hall at 406-444-4960 or Sam.Hall@mt.gov


JOIN US FOR THE MONTANA APEX GOVERNMENT CONTRACTING MATCHMAKING EVENT OF THE YEAR! Great Falls Regional APEX is proud to host the Montana APEX GovMatch 2025 event at the University of Providence on Wednesday, August 13th. This event is designed to connect suppliers with federal, state, and local government buyers, as well as prime contractors, fostering relationships and creating opportunities for government contracting success. Whether you're a supplier showcasing your capabilities or a buyer seeking qualified suppliers to meet contracting needs, this GovMatch event is for you!  Registration is now open to both buyers and suppliers: CLICK HERE! For more details or to prepare for this event, contact Shannon Clancy at SClancy@GrowGreatFalls.org or 1-406-590-1184.


USDA announced that the first grant application window for Fiscal Year (FY) 2026 for the Rural Energy for America Program (REAP) will open on October 1, 2025. USDA is using the remaining time in FY25 to implement the Secretary’s direction to disincentivize solar panels on productive farmland for future application windows. Read the full STAKEHOLDER ANNOUNCEMENT. We can help you prepare to apply. Contact Kristen Blue at 1-406-788-4989 or Kristen@GrowGreatFalls.org.


Starting and Owning a Business includes a lot of moving parts. It’s easy to get caught up in all of the day-to-day tasks and not take a step back to pause, evaluate, make adjustments and gain new perspective. Our GFDA Small Business Development Center Advisors are ready and equipped to help entrepreneurs and business owners throughout the many stages of owning a business. If you are ready to evaluate where you are at and where you want to be, set some business goals, get a snapshot of your current financial situation or review your marketing strategy, please reach out to one of our Business Advisors: Christian Nichols, CNichols@GrowGreatFalls.org or 1-406-788-9385; Rich Gannon, RGannon@GrowGreatFalls.org or 1-406-836-2078; and Deb McGregor, Deb@GrowGreatFalls.org or 1-406-750-0314.


The Montana Manufacturing Extension Center (MMEC) has a new advisor in our region. Carolyn Kelman joins the staff as a business advisor for the Great Falls Region and Northeastern Montana. She has a broad skill set in manufacturing operations with particular expertise in continuous improvement, supply chain optimization, logistics, and warehouse management. Learn more about her experience reading the MMEC newsletter, here. Welcome to the team Carolyn! You can reach her at Carolyn.Kelman@Montana.edu.


Inside each monthly edition of our new newsletter, Investing in Downtown Great Falls you’ll find a curated mix of news, updates, and resources designed to celebrate and support our downtown Great Falls businesses and building owners. If you are ready to invest in Downtown Great Falls, contact Jake at Jake@GrowGreatFalls.org or 1-406-403-4937.


The Great Falls Business Improvement District has grants available for businesses and property owners located in the BID. Contact Kellie Pierce at 1-406-727-5430 or kellie@downtowngreatfalls.net. Stay ahead of the curve in Downtown Great Falls!


Are you hiring? Our Hot Jobs Program is the perfect platform for employers to share their job openings! By sending us your listings, your opportunities could be featured on our Hot Jobs blog and shared across our social media channels for maximum visibility. Relocating with a partner or family member? Our Trailing Partner Program ensures no one gets left behind. Many times, for someone to accept a position, their partner also needs a job secure – and we’re here to help! Send us their resume (with permission), and we’ll share it within our network. You never know who’s hiring! Let’s work together to make Great Falls the perfect place for new opportunities. For more information contact our Marketing and Communications Officer Katie Carvell at 1-406-217-7635 or Katie@GrowGreatFalls.org


Are you interested in exploring government contract opportunities but unsure where to start?  Great Falls Regional APEX provides the tools, knowledge, and guidance needed to navigate the government marketplace. We simplify the key steps of registration, research, and response, streamlining the process to ensure your business is prepared for contract opportunities. Whether you’re new to contracting or looking to expand your reach, we can help you identify opportunities, build valuable connections, and achieve your goals. To learn more, contact Shannon Clancy at SClancy@GrowGreatFalls.org or 1-406-590-1184 and Mariah Liebing at Mariah@GrowGreatFalls.org or 1-406-217-2174


If you’re looking to expand or start your business through purchasing a commercial building for your future location, make sure to talk to Christian Nichols, Brownfields Project Manager, so we can see if you qualify for an Environmental Site Assessment paid for by EPA. You don’t know what environmental conditions or possible contaminates exist until you have an assessment completed. With our help you could save thousands of dollars and have confidence in your purchase knowing all contaminates are identified and assessed. For more information, please call Christian Nichols at 1-406-788-9385 or email at CNichols@GrowGreatFalls.org.


Do you know the benefits of C-PACE financing for your multifamily housing project? Last Best PACE, Montana's program, brings value to Montana commercial building owners by improving their bottom line. Last Best PACE can cover up to 100% of eligible project costs and payments are repaid through a special property tax assessment with terms of 20+ years. Reach out to Jake to find out how this tool can help your project move forward Jake@GrowGreatalls.org or 1-406-403-4937. 


Are you planning any international marketing activities in 2025? The State Trade Expansion Program (STEP) run by the Export Montana team at the Montana Department of Commerce has a host of export support services and federal grants available for businesses up to $12,000. They're awesome to work with! Our Small Business Advisor, Rich Gannon, can help too and he is also awesome! RGannon@GrowGreatFalls.org or 1-406-836-2078.


Cybersecurity is a top priority for the Department of Defense (DoD)! Is your business prepared for the new cybersecurity standards in federal contracting? If your company manages Controlled Unclassified Information (CUI) or Federal Contract Information (FCI), you must comply with specific standards. For contractors working with the federal government, the minimum requirement is Cybersecurity Maturity Model Certification (CMMC) Level 1. This self-certification verifies that your organization has implemented fundamental security measures to safeguard FCI. To begin your self-assessment journey, contact Shannon Clancy at SClancy@GrowGreatFalls.org or 1-406-590-1184 and Mariah Liebing at Mariah@GrowGreatFalls.org or 1-406-217-2174


Our freight logistics consultants, Moffat & Nichols, completed key findings of the Great Falls Region Freight Market Assessment and Economic Development Strategy Recommendations. This comprehensive study offers valuable insights into the logistics industry and its potential in our region. We have already begujn work implementing some of the recommendations. Others will need to wait until we work with our partners to secure more resources. Logistics are a key consideration for existing manufacturers in our region, and in attracting new investment in manufacturing operations.


The 2024 Great Falls Housing Market Assessment shows a need for 650 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.


Great Falls Recruiters and HR professionals! Here is a link to our Talent Attraction Toolkit and the 2025 Great Falls Livability Magazine, part of our effort to help local businesses attract the talent they need for key positions. 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. Visit our relocation website LiveInGreatFalls.com. 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 Katie Carvell at Katie@GrowGreatFalls.org or 1-406-217-7635.


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. MMEC has launched the Certified Manufacturing Associate Apprenticeship program. This one-year program combines on-the-job training with online technical classes on safety, math and measurements, manufacturing processes, and quality control.


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 or 1-406-590-1184.


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.


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.


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.

Our Mission is to 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 APEX Accelerator, and a Montana Food & Ag Development Center. GFDA is a certified Montana MicroBusiness Development Corporation.


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

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