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What's next for Downtown Great Falls? There are some excellent investment opportunities to redevelop properties and bring new businesses downtown. Take advantage of the great downtown momentum. Register here for Invest Downtown Great Falls 2022, presented by Northwestern Energy. On October 20th from 10 AM-Noon at The Newberry, come hear about recent successes, current opportunities and major project updates centered around Downtown Great Falls. If you have any questions about the event, contact Christian at 1-406-836-0136 or CLeinhauser@GrowGreatFalls.org.

GFDA's Top 10

Here is our Top 18 for this week celebrating work and successes to grow and strengthen the Great Falls regional economy -- Montana's Golden Triangle. And, sharing business resources and skill-building opportunities to empower your success.

1) Join us this Monday for a Business Pitch at MT Pints, Monday, October 10th from 5:30 to 7:30 pm. Please come join us for a night of networking and socializing while we listen to the pitches of local entrepreneurs. If you are interested in pitching your idea, just show up! Contact Tony Peres on our team at 406-750-2099 or via email at Tony@GrowGreatFalls.org if you have any questions, want help with your pitch, or would like to host a future business pitch event.. 


2) We had a great week hosting three companies looking to expand or relocate in the Great Falls region with two more scheduling their visits soon. Great Falls is on the radar for numerous industries including aerospace, software development, and bioscience. If you know of a business that you think would succeed in our market please reach out to Jake Clark at Jake@GrowGreatFalls.org so we can arrange a visit. 


3) One of the site visits was a software engineering company looking for new, fresh markets with lower operation costs and lower cost of living -- a market where they will be a premier employer and a place with a high veteran population. Great Falls shines in all these areas and we were happy to introduce this company to our community. If you’d like to know more about our business attraction concierge services, call Jolene at 406.750.4481.


4) Congratulations to Janis and Jerry McRae on their recent purchase and extensive renovation of the Dutton Drive -Insee Choteau AcanthaVino and Brews recently opened its doors as Lewistown’s latest tavern. The beer and wine bar features 20 different wines and 13 different beers on tap, the bar also serves a variety of shareable foods such as ciabatta, tempura, charcuterie, and several different seafood plates. See Lewistown Argus News.


5) The GFDA Board of Directors voted to endorse the Cascade County Public Safety Levy and encourage voters to support the measure. Visit WeStandSafe.com for more info.


6) As we continue our deep-dive strategic planning work, the GFDA Board adopted a framework for the new regional economic development plan. The four focus areas will be People, Place, Opportunities, and Team


7) One of the priorities we've identified through strategic planning is that we need to make our transportation and logistics costs and services more competitive to help existing manufacturers and attract new manufacturing investment. We met with six different businesses across the region this week to discuss their transportation opportunities and needs. We are meeting with businesses ranging from fuel products, ag commodities, consumer dry goods, food manufacturing, livestock, and more to get the big picture of transportation and logistics across our region. If you’d like to be part of the conversation, call Justin at 406-590-1301.


8) Another strategic priority we're working on is housing production. The Governor's Housing Task Force released a great draft report detailing strategies to increase housing production across the state. Download the Task Force Housing Report. You can submit comments on the draft by October 15th on the Task Force's website.


9) Congratulations to not one but three new businesses that opened their doors last week in Fort Benton! The Rustic Mug is a boutique and décor shop that is owned by the mother daughter team of Leslie Hansen-Clewien and Karla Hansen. Moon Eyes Coffee is the town's newest coffee shop and is owned by Jake Berger and Maren Engen. The Public House is a new restaurant specializing in smoked meats and is owned by Alex and Jessica Salazar. All three of these new ventures can be located nestled into The Courtyard on Front Street in Fort Benton’s riverfront area. Source: The River Press. 


10) Only 5% of the animals raised for meat in Montana are processed in Montana. We've created a new loan fund to provide flexible gap and bridge financing to help local processors throughout the Golden Triangle to expand their processing capacity and to help entrepreneurs start new processing operations. Give Justin a call to discuss the resources available, 406-590-1301.


11) Congratulations to Brick House Bakery & Sweet Treats now open in Great Falls in Mise en Place Kitchens at 6th Street SW in the former Ryan's Station building. Brick House Bakery & Sweet Treats owner Amanda Brooks is serving up delicious baked goods every Sunday in the new location. Learn more in the Announcement of the Week.


12) We published our 2022Q3 Quarter Index this week. Download our updated GFDA Services & Team handout. SelectUSA, America's foreign direct investment arm of the U.S. Department of Commerce, has awarded us a virtual spinoff event leading up to the 2023 SelectUSA Investment Summit in DC next May. We will use the opportunity to pitch the advantages of choosing the 13-county Great Falls Montana trade area for new business operations. This week we made more progress on our new economic development website and on preparations for company meetings as part of the Montana Japan Trade Mission later this month. Japan is the biggest foreign direct investor in the US.


13) Congratulations to the University of Montana on being named America's #1 University for Community and National Service by Washington Monthly!


14) Christian was a speaker on an International Economic Development Council webinar this week titled, “Down by the Storefront”, focusing on pre and post Covid downtown development. He was a member of a three person panel, joining Corpus Christi, TX and Grand Junction, CO speaking to over 100 economic developers about the great momentum we have going in Downtown Great Falls.


15) GFDA would like to welcome Mike Mills as the newest member on our Board of Directors. Mike serves as the representative for Sweetgass Development, one of four Economic Development Districts in our region. Mike also owns & operates Mills Motor Co. in Fairfield and works for 3 Rivers Communications in business development and outside sales. We are excited to be collaborating with our partner organization and are looking forward to the valuable perspective and insights Mike will bring. Welcome to the team, Mike!


16) Economic development is more important than ever. GFDA and the programs we implement are essential in growing and sustaining the local economy. A key path to growing is investing in economic development. Nobody understands that more than our team of INVESTORS. If you want to be a part of the team that growing our region, contact Investment Director Jenn Gallmeier at 406-781-9499 or Jenn@GrowGreatFalls.org.


17) Register today for the Montana Economic Development Conference at The Newberry in downtown Great Falls November 14-16; see Montana Economic Developers Association. The Building a Winning Montana Team conference will feature exciting panels discussing key Montana economic development issues such as housing, business attraction, talent attraction, tourism and economic development, tribal economic development, and value added agriculture. Keynotes will bring perspectives from other states and provinces, and from leading Montana industry associations and state leaders. Workshops include economic development ethics, new financing collaborations, and business attraction.


18) Volunteer to help with the Great Falls Area Chamber of Commerce's inaugural Worlds of Work! (WOW). WOW is a career expo pioneered by West Alabama Works. Though NOT a typical job fair, this event opens new avenues of opportunity for middle school students they never knew were possible. The Chamber's goal this first year is to have sixteen Worlds, each representing one of Montana’s sixteen recognized career pathways. On October 18th, WOW will be held at Great Falls College – MSU and the University of Providence (inside and outside) from 7:30 AM - 6:00 PM. Area 8th graders will be divided into groups and will have a navigator who will guide them to each of the worlds, where they will explore for approximately 20-25 minutes before traveling to the next world. WOW Varsity, the block for high school students, will be in the late afternoon, and will include sophomores only for this first year. Check out the West Alabama WOW. Contact Scott Wolff for more info at swolff@greatfallschamber.org.



We're firing on all cylinders to keep momentum gaining speed. THANK YOU to our clients, partners, investors, and volunteers who make everything we do possible!


Brett


Brett Doney

President & CEO


Connect with me on LinkedIn to network with the Great Falls Montana region. Forward the GFDA Top 10 to friends and colleagues. You can join our distribution list HERE or text GFDA to 22828.

Subscribe to the Grow Great Falls Montana YouTube channel!


"Success isn't always about greatness. It's about consistency. Consistent hard work leads to success. Greatness will come."

Dwayne Johnson


Edition 553

Download Growth Highlights for the Great Falls Montana Trade Area,  our GFDA Services and Staff Team handout, or our GFDA 2022Q3 Quarter Index. In case you missed it at Ignite 2022, we unveiled our new We Are Great Falls video!


Cost-Effective Rail-Served Industrial Sites Available

If your company needs a rail-served, BNSF-Certified, shovel-ready site with all municipal services at your door, we have lots available for immediate construction in the Great Falls AgriTech Park. Contact Jolene Schalper at 1.406.750.4481 or JSchalper@GrowGreatFalls.org


October SBA 504 Loan Rates

The 25-year loan effective rate (including all fees) came in at 6.439%; 20-year at 6.362%; 10-year equipment loan at 5.598%; and, 20-year refinance 6.457%; 25-year refinance 6.380%. These rates are FIXED for the life of the loan and are inclusive of all fees. If you would like to find out how to get financing for commercial real estate and equipment at potentially lower rates than you're paying for your home mortgage, please contact Jill Kohles at 406-590-1056 or JKohles@GrowGreatFalls.org.

Events, Business Training, and Opportunities

Cost of Living in the Great Falls metro remained competitive in 2022Q2 at 87.8% of the national average, according to the C2ER (the Council for Community and Economic Research). Compare our local rate to Bozeman's 121.8%, Denver's 111.0%, Boise's 109.3%, or Spokane's 102.7%. Use our Cost of Living Calculator when trying to recruit new employees from our of town.


The Montana Food & Beverage Show will be held November 7th in Missoula. Register at: AGR.MT.GOV/FOOD-AND-BEVERAGE-SHOW. The Made in Montana Food & Gift Tradeshow will be held in Helena on March 10-11, 2023. Exhibitor applications open October 19th and spaces sell-out fast. TheMontana Manufacturing Extension Centeris offering a series of excellent workshops and trainings this fall.


Do you have open government contracts? Is your SAM.gov registered due to renew in the next few months? SAM.gov continues to have issues with the transition of the new validation process. It is recommended that businesses start early to renew their registration to keep from going inactive. If you are having trouble getting through the process, contact Shannon Clancy at SClancy@GrowGreatFalls.org for assistance. 


The Montana Innovation Partnership is offering a number of trainings and an accelerator program for companies interested in pursuing Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants.


Montana STEP grants can pay for 75% of your international export marketing efforts up to $10,000. The Montana TechLink Center at MSU is offering a new round of workshops on how to win Small Business Innovation Research funding.


USDA is accepting applications for the new Fertilizer Production Expansion Program. $500 million in grants is available to help existing fertilizer producers to expand.


What’s it like to live in Great Falls Montana? Get a glimpse through the Great Falls 2022 Livability Magazine! Livability Great Falls is a tool for recruiting people from outside our community and is one of the tools for our Talent Attraction campaign. We also have a Email List to share resumes of trailing partners and others and we promote Hot Jobs – jobs that would entice people to move here. If you are recruiting people from outside Great Falls, click here to join our recruiter email list and learn more.


We have migrated our pre-business workshop for early stage and pre-venture startups to a self-paced, video-facilitated, online format. Business Basics for Startups is now live and ready for beta testing. If you’d like to check out the content and provide feedback, we’d appreciate it. Click here to check out the new modules and resources. Please direct feedback to Rich at RGannon@GrowGreatFalls.org.


Attention Veteran-Owned Businesses! In less than a year the Department of Veterans Affairs (VA) Center for Verification and Evaluation (CVE) will transfer to the U.S. Small Business Administration (SBA). As of January 1, 2023, all functions of VA’s CVE will be handled by the SBA. To help make this a seamless transition, we encourage all self-certified SDVOSBs to complete the verification process through the VA now before the transfer becomes effective. Please start the verification process at https://vetbiz.va.gov/vip/. For more information on starting the verification process, contact Lillian Sunwall at LSunwall@GrowGreatFalls.org


The best resource we scan daily to stay abreast of business and community innovation is MATR.net (Montana Associated Technology Roundtables) which we are proud to help sponsor. Sign up for their free newsletter.


We've released the Great Falls Childcare Demand Assessment that shows a need for additional childcare facilities to serve 580 children in Great Falls. For assistance with childcare facility business planning, contact Rich Gannon at RGannon@GrowGreatFalls.org or 1-406-836-2078.


Join the Trailing Partner Email Group specifically for employers to share resumes of trailing spouses/partners across the Great Falls region with other employers looking to hire. “Your (Live in Great Falls) website is very impressive and helpful! Great Falls looks amazing, and we love what we've seen real estate-wise, and business-wise.” This quote was from an email sent to us from a couple considering relocation to Great Falls. We will be sharing their resumes (with their permission) on the Trailing Partner Email Group.


We've released the Great Falls Housing Market Assessment that shows a need for over 450 new housing units per year in the immediate Great Falls area. For assistance with housing development, contact Jake Clark at Jake@GrowGreatFalls.org or 1-406-403-4937.


Visit our relocation website LiveInGreatFalls.com. This website was the #1 request we got from local recruiters and HR professionals for aiding in attracting talented workers to Great Falls. The Great Falls At-A-Glance two-pager is a great complementary resource that highlights Great Falls for people unfamiliar with our community.



We have Brownfield Clean-Up money that we want to put to work! Our low interest Brownfield Loans can be used to clean up hazardous materials including but not limited to lead paint, asbestos, etc. Are you working on a project that could use some clean up? Call Lillian today to discuss eligibility 406.750.1253 or LSunwall@GrowGreatFalls.org.


Of our online business planning tool, LivePlan, one said: "LivePlan is Awesome!" The LivePlan tool is helping her streamline her strategy in preparation for presenting to bank partners. We offer LivePlan licenses for free to active clients. Learn more about LivePlan on our website.


All of our recorded monthly business strategy webinars are available online for viewing anytime, click them out here.

Our Mission
Grow diverse economic opportunities that enhance quality of life.


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 and an SBA Women's Business Center in partnership with the University of Montana and the Montana Native Growth Fund.

GFDA was the first economic development organization in the Rocky Mountain West to earn accreditation from the International Economic Development Council.

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