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GFDA Quarter Index 2021Q2
Great Falls metro area national rank for Best Market for First-Time Homebuyers:  4th
Great Falls rank for best metro area in nation for Average Annual Pay Growth:  11th
Number of units in Arc Apartment Homes that just started construction:  216
Increase in GFDA loan capital during FY 2021:  63%
Estimated need for additional GFDA loan capital to fill financing gaps and bridges in the next year:  $11 million
Number of students Touro University will have each year in Masters program added to Great Falls medical school plan:  70
Final amount of Brownfield cleanup grant GFDA was able to provide to Cascade County:  $146,489
New Brownfield clean-up grants awarded by GFDA during quarter:  $205,000
Cost of living in Great Falls compared to national average:  90.5%
Cost of living in Great Falls compared to Bozeman:  19% less
Average wage increase in Great Falls MSA in 2020:  4.6%
Dollar amount of average wage increase:  $1,938
Average wage increase in Golden Triangle in 2020:  5.1%
Number of local entrepreneurs and businesses advised by GFDA during quarter:  188
Of these, number of new advising clients:  68
Number of business training sessions offered during quarter:  17
Number of training participants:  197
Number of businesses bought or started by advised clients during quarter:  5
New capital secured by entrepreneur clients during quarter:  $4,911,618
Federal government contracts won by clients during quarter:  $2,229.120
State government contracts won by clients during quarter:  $946,822
Jobs supported by our Small Business Development Center during quarter:  627
Businesses active with our Procurement Technical Assistance Center during quarter:  120
Amount of local GFDA gap and bridge loans closed during quarter:  $7,703,789
Additional private investment leveraged by these GFDA loans:   $29,561,571
Amount of loans we approved during quarter:  $512,000
Additional private investment to be leveraged:  $754,500
Building permits issued by City of Great Falls during quarter:  62
Dollar amount of permits:  $39,700,670
Free Brownfield assessments completed during quarter:  5
Free Brownfield assessments in progress:  5
Brownfield cleanups completed during quarter:  1
Brownfield cleanups underway:  4
New leads generated into our pipeline during quarter: 34
New active projects generated into our pipeline: 30
Total active projects this quarter:  49
New companies added to our pipeline CRM: 61
Companies actively engaged this quarter:  328
Number of web microsite users generated by business attraction account-based-marketing campaign during quarter:  6,031
Number of microsite sessions during quarter:  7,742
Top cities where sessions initiated:  Salt Lake City, Columbus OH, Missoula, Washington DC, Spokane, Seattle, and Dallas
Number of companies targeted on preliminary list for FY 2022 business attraction AMB campaign:  460
Website sessions generated in 2020 through Live In Great Falls talent attraction partnership with Livability.com:  18,700
Top cities where sessions originated:  Salt Lake City, Missoula, Seattle, Denver, Bozeman, Billings, and Helena
Google search rank:  2nd and 3rd
Facebook engagement with Great Falls Livability.com articles:  182,000
Unique users:  206,000
Post reactions:  370,000
Average monthly users:  26,700
Total views of online Livability Great Falls digital magazine:  4,900
Montana infrastructure report card grade:  C
Estimated percent of full workdays in U.S. that will be worked from home post-pandemic:  20%
Pre-pandemic percentage:  5%
Gen Zers who say they eventually plan to start their own business:  60%+
Most important elements of business agility according to survey of North America foodservice companies:  Digital transformation 71%; Rapid decision and learning cycles 50%
U.S. consumers who have used restaurant delivery in the past month:  17%
Most-cited drawback of restaurant delivery services:  Added fees 63%
Estimated percent of new electric generation capacity to be installed in U.S. in 2021:  Solar 39%; wind 31%; natural gas 16%
Cost per hour to cuddle with a cow at Mountain Horse Farms in NY:  $75


For info contact Jolene Schalper at [email protected] 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.