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GFDA Quarter Index 2021Q3
Owner built homes created by NeighborWorks Great Falls since program start:  155
Gift to Montana State University that will lead to new nursing colleges in Billings, Bozeman, Great Falls, Kalispell, and Missoula:  $101 million
Cost of living in Great Falls compared to national average:  88.67%
Cost of living in Great Falls compared to Bozeman:  24.9% less
Employment growth in Great Falls MSA in four quarters ending 2021Q2:  8.4%
Average annual wage increase in Great Falls MSA in four quarters ending 2021Q2:  5.2%
Dollar amount of average wage increase:  $2,260
Average annual wage in Great Falls MSA at end 2021Q2:  $45,517
Percentage of statewide average annual wage:  93%
Percentage of national average annual wage:  71%
Increase in total wages earned in Great Falls MSA in four quarters ending 2021Q2:  $68 million
Percentage increase:  4.2%
 Cascade County population growth documented in 2010-2020 decennial census:  3,087
Cascade County net population growth in 1970-2010 censuses:  700 loss
Graduation rate of Great Falls College MSU dental hygiene program:  97%
Graduates of program who pass licensure exams:  100%
New businesses opened in Downtown Great Falls 2011-2020:  119
Total value of building permits issued for downtown 2011-2020:  $61,334,106
Downtown Great Falls volunteer hours 2011-2020:  267,991
Increase in Business Improvement District property values 2010-2019:  61%
Number of local entrepreneurs and businesses advised by GFDA during quarter:  114
Of these, number of new advising clients:  34
Number of business training sessions offered during quarter:  7
Number of training participants:  71
Number of businesses bought or started by advised clients during quarter:  5
New capital secured by entrepreneur clients during quarter:  $91,442
Jobs supported by our Small Business Development Center during quarter:  497
Participants in GFDA website bootcamp e-commerce program since March 2020:  58
Number of businesses active with our Procurement Technical Assistance Center (PTAC) during quarter:  91
Number of government contracts won by PTAC clients during quarter:  46
Amount of government contracts won by clients during quarter:  $1,044,422
Amount of local GFDA gap and bridge loans closed during quarter:  $300,000
Amount of loans we approved during quarter:  $1,624,162
Additional private investment to be leveraged:  $7,723,000
New loan capital obtained and funded into loans during quarter:  $2,088,000
Loan participations sold:  $250,000
SBA 504 loans approved during quarter:  $1,217,000
Additional private investment to be leveraged:  $2,800,000
Current SBA 504 fixed 20-year effective loan interest rate with 10% down:  2.765%
Current 10-year equipment effective fixed rate:  2.372%
Free Brownfield assessments completed during quarter:  2
Brownfield cleanups completed during quarter:  1
Brownfield cleanups underway:  2
Local business retention/expansion visits during quarter:  31
Local businesses called during quarter for follow-up assistance with on-going COVID relief efforts:  89
New leads generated into our pipeline during quarter:  27
New active projects generated into our pipeline:  32
Total active projects this quarter:  57
New companies added to our pipeline CRM:  99
Companies actively engaged this quarter:  246
Number of web microsite users generated by business attraction account-based-marketing campaign during quarter:  10,456
Number of microsite sessions during quarter:  11,947
GFDA YouTube channel subscribers:  50
Subscribe to our YouTube channel by:  clicking here
GFDA increased investment in business development and talent attraction in FY 2021:  55%
GFDA increased investment in entrepreneur/business advising and training in FY 2021:  35%
Growth in GFDA gap/bridge loan portfolio in FY 2021:  47%
EPA estimate of impact of GFDA brownfields program in FY 2021:  $35 million
Number of additional childcare slots needed in Great Falls:  580
Local parents/guardians who said they had trouble pre-pandemic in finding childcare arrangements:  51%
During pandemic:  74%
Growth in U.S. ecommerce sales in 2020:  32%
Number of transistors on Cerebras’s AI chip:  2.6 trillion
Number of web sites created per day:  252,000
Estimated number of websites on Earth:  1.7 billion
Estimated number of websites in United States:  133 million
For info contact Jolene Schalper at JSchalper@GrowGreatFalls.org or 1-406-750-4481

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 MSU's Montana Manufacturing Extension Center.

For more info, click to our website.