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GFDA Quarter Index 2021Q1
Great Falls jobs projected to be created by Touro Montana Osteopathic Medical School:  360
Projected employment growth across Montana by 2040:  1,700
Capital investment to complete school construction in 2024:  $53 million
Faculty and staff:  70
Total annual compensation of School employees:  $11.7 million
Medical student class size:  125
Medical student population in third year of operations:  375
Projected local spending per student per year, not including tuition:  $31,224
Annual economic impact created by Medical School by 2030:  $106.3 million
Population growth projected by 2030 as a result of Medical School:  481
By 2040:  1,984
Great Falls rank as best city nationwide for first-time homebuyers:  4th
Great Falls rank of best cities in Western U.S. to live in after the pandemic:  10th
Number of 2021 Great American Defense Communities in nation:  5
Number in Montana:  1  (Great Falls!)
Montana places named in New York Times’ 52 global locations to love in 2021:  1  (Golden Triangle)
Montana bars named one of five most extraordinary bars in the world:  1  (Sip ‘N Dip)
Number of entrepreneurs and developers who presented planned investments at Ignite 2021:  20
Number of high school entrepreneurs in Golden Triangle who won prizes in Montana Chamber Foundation’s The Prospects competition:  6
Cost of living in Great Falls compared to national average:  89.5%
Spokane cost of living:  106.9%
Bozeman cost of living:  108.6%
Seattle cost of living:  156.0%
San Francisco cost of living:  192.3%
Average wage increase in Great Falls MSA 2019Q3-2020Q3:  3.4%
Dollar amount of average wage increase:  $1,438
Number of local entrepreneurs and businesses coached [TM1] by GFDA during quarter:  206
Of these, number of new coaching [TM2] clients:  54
Number of business training sessions offered during quarter:  13
Number of training participants:  350
Number of businesses bought or started by coached clients during quarter:  2
New capital secured by entrepreneur clients during quarter:  $228,177
Government contracts won by clients during quarter:  $9,044,941
Jobs supported by our Small Business Development Center during quarter:  694
GFDA-produced professional development business webinars now available online 24/7:  44
Most recent SBA 504 effective loan rate fixed for 20 years:  3.016%
Businesses active with our Procurement Technical Assistance Center during quarter:  120
Amount of local business loans closed during quarter:  $1,500,000
Amount of loans we approved during quarter:  $3,030,170
New businesses opened in downtown Great Falls during quarter:  2
Number of new businesses opened in downtown Great Falls in 2020:  20
Downtown project announcements during quarter:  2
Downtown business retention/expansion visits during quarter:  19
Downtown businesses working on expansions:  17
Downtown target businesses contacted during quarter:  24
Downtown target meetings during quarter:  6
Free Brownfield assessments in progress:  6
New leads generated into our pipeline during quarter: 66
New active projects generated into our pipeline: 33
Total active projects this quarter:  51
New companies added to our pipeline CRM: 232
Companies actively engaged this quarter:  122
Number of followers of Live in Great Falls social mediums:  5,716
Number of visitors to Live in Great Falls relocation website to date:  12,511
Facebook views of our first talent attraction video in 24 hours of release:  11,000+
Views to date:  37,000+
Great Falls commercial building permits issued during quarter:  29
Great Falls commercial building permit value:  $4,082,578
Montana rank of best states to start a small business:  1st
Montana rank as best state for physicians:  1st
Montana rank of least selfish states:  4th
Montana rank of least stressed states:  9th
Number of short-term rentals in Golden Triangle:  589
New electric generating capacity in U.S. in 2021 projected to come from wind and solar:  70%
Utility-scale solar power additions projected this year in U.S.:  15.4 gigawatts
Wind power additions projected this year in U.S.:  12 gigawatts
Percentage of this investment that will take advantage of Montana wind and sun resources:  ?


For info contact Jolene Schalper at JSchalper@GrowGreatFalls.org or 1-406-750-4481


Vision
Hungry to Grow the Great Falls region

Mission
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 MSU's Montana Manufacturing Extension Center.

For more info, click to our website.