Number of new establishments opened in Great Falls MSA in 2020 (YourEconomy.org): 401
Percentage of these that were moved here: 1.7%
Farmed acres of canola estimated needed to feed Calumet Montana Renewables renewable diesel production: 1.3 million
Manufacturing employment growth in Great Falls MSA 2010-2019: 39%
National manufacturing employment growth during same period: 12%
Food and beverage sales average annual compounded growth rate in Great Falls MSA 2010-2019 (inflation adjusted): 2.6%
Same growth rate during previous decade: 0.8%
Total local retail sales average annual compounded growth rate 2010-2019 (inflation adjusted): 1.6%
Same growth rate for previous decade: 0.4%
Great Falls hotel room count growth 2008-2021 (not including Air B&B’s): 92%
Increase in occupied hotel room nights during same period: 60%
Per capita personal income growth in Cascade County in 2020: 6.1%
Gallatin County growth: 5.4%
Flathead County: 5.2%
Missoula County: 5.1%
Silver Bow: 5.0%
Yellowstone county: 4.4%
Consecutive years Malmstrom AFB has won Blanchard Trophy for Best ICBM Missile Wing: 4
Site selection consultants networked with during quarter: 20
Cost of living in Great Falls compared to national average: 89.5%
Great Falls housing prices compared to national average: 76.1%
Number of training events our Small Business Development Center provided in 2021: 43
Number of entrepreneurs and business training participants: 682
Number of local entrepreneurs and businesses advised by GFDA during quarter: 152
Of these, number of new advising clients: 45
Number of business training sessions offered during quarter: 8
Number of training participants: 104
Number of businesses bought or started by advised clients during quarter: 2
New capital secured by entrepreneur clients during quarter: $1,158,200
Jobs supported by our Small Business Development Center during quarter: 413
Businesses active with our Procurement Technical Assistance Center (PTAC) during quarter: 118
Amount of government contracts won by clients during quarter: $683,073
Amount of local GFDA gap and bridge loans closed during quarter: $1,424,162
Additional private investment to be leveraged: $5,047,162
Total GFDA gap and bridge loans closed in 2021 record year: $10,927,961
Investment in region to leveraged by these loans: over $45,000,000
Previous record year loans closed total: $4,616,686
New loan capital secured during quarter: $1,266,530
Total GFDA loan capital at start of 2016: $11,200,000
Total at start of 2022: $19,000,000
SBA 504 loans approved by SBA 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: 3.023%
Current 10-year equipment effective fixed rate: 2.793%
Free Brownfield assessments completed during quarter: 2
Free Brownfield assessments in progress: 4
Brownfield cleanups underway: 3
New leads generated into our pipeline during quarter: 18 New active projects generated into our pipeline: 30
Total active projects this quarter: 52 New companies added to our pipeline CRM: 37
Companies actively engaged this quarter: 187
GFDA time working with existing businesses in region during quarter: 70%
GFDA time working with startup businesses in region during quarter: 19%
GFDA time working to attract businesses to region during quarter: 11%
Montana Value Added Ag ARPA fund applications submitted: 290
Montana Value Added Ag ARPA application finalists: 56
Number of finalists in Golden Triangle: 14
Video to promote Great Falls Montana: https://youtu.be/gy2hThIYEc4
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Montana ranking for Best Business Tax Climate: 5th
Percentage of Montana GDP generated by outdoor recreation in 2020: 4.3%
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