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I'm excited to let you know that the Community Development Financial Institution (CDFI) Fund of the U.S. Treasury today announced an award of $1,280,000 in grant funds to the Great Falls Development Authority for loan capital!

This will help us continue to fill financing gaps and provide bridge loans for start-up entrepreneurs, existing businesses, nonprofits and real estate developers in Great Falls and throughout Montana's Golden Triangle region. The award comes from the CDFI Fund's one-time Rapid Response Program which Congress created in December.

We have closed a record $9,172,170 in loans since January 1st and have several million in immediate new loan requests to fill gaps to get projects into construction, so this new capital infusion comes at a critical time.

We are in the midst of trying to raise at least $5 million in additional loan capital to meet current demand and more to have funds available so we don't lose future opportunities to make great things happen in our regional economy.

We expect to receive the new CDFI funds in late July and will invest the capital right away in projects in the region.

Thank you to our local investors and partners whose support over the past year have made it possible to be competitive for grant opportunities such as this!!!

Hungry to Grow the Great Falls region

Grow and diversify the Great Falls regional economy.
Create higher wage career opportunities.
Improve market competitiveness.                
The first economic development organization in the Rocky Mountain West to earn accreditation from the International Economic Development Council.

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 and Lenders.

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 the Montana Manufacturing Extension Center of MSU.

For more info, click to our website.
Great Falls Development Authority | GrowGreatFallsMontana.org