1) Congratulations to Big Sandy Organics for winning this year’s Trailmix competition presented by Albertsons during Boise Entrepreneur Week. The company is known for its product “Kracklin Kamut”. They were awarded $50,000 along with shelf space at the Albertsons’ Broadway Avenue Store in Boise, Idaho. See KRTV.
2) September labor data released by the Montana Department of Labor and Industry contained more good news for the Great Falls MSA. Employment in Cascade County climbed to 37,931, topping pre-pandemic employment of 37,334 in September 2019, and the labor force grew to 38,867, topping pre-pandemic labor force of 38,455 in September 2019. The unemployment rate in September was 2.4% (not seasonally adjusted).
3) We're looking for a new team member. We have a great career opportunity: Business Advisor -- Small Business Development Center Regional Director.
4) Montana Premium Processing, a cooperative member owned meat processing facility in Havre created through the efforts of the Montana Farmers Union, was awarded a $291,900 grant through the USDA Meat and Poultry Expansion Program. The funds will be used to provide independent producers in Montana with an option for a local USDA inspected facility.
5) We released the Bioscience Economic Development Strategy for the Great Falls Montana region. The report, prepared by Tripp Umbach with the input and assistance of key local industry partners, details four key findings and four strategic actions to grow and diversify bioscience-related industries in Great Falls. This report, along with other key findings from our strategic planning process will help guide the efforts of GFDA moving forward. Contact Jake Clark with questions regarding the report, [email protected].
6) Congratulations to Lyle and Caroylon Yoder on their recent purchase of Cascade Meat Processors in Cascade. They specialize in processing beef, lamb, and pork.
7) Studio Montage Salon and Spa has served clients in downtown Great Falls for 22 years under the leadership of DeAnna Corn-Murphy. Studio Montage Salon and Spa has expanded with the addition of two partners to join the business and a new, larger location which boasts a boutique and more amenities. Learn more in our Announcement of the Week.
8) Over 30 people tuned in last week for our monthly Small Business Webinar cosponsored with MSU Extension. This month’s webinar featured some tips about dipping your toes into Tik-Tok for marketing and media engagement. The recording for this webinar and past webinars in our monthly Small Business Webinar series can be found here. Next month’s webinar will feature a local case study in customer engagement automations. For more information on that webinar and to register click here.
9) Check out the KRTV stories about two new local businesses, Spy High Mounts and Mise En Place Kitchens.
10) Talked with several banking partners in regards to participating with the State Small Business Credit Initiative Program (SSBCI 2.0) to provide their clients with a lower interest rate option. Their entrepreneurs are trying to expand their business by purchasing equipment and real estate in a market with rising rates. The SSBCI 2.0 program allows for a lower rate in participation with the bank loan, which allows for a lower overall blended interest rate. Projects that otherwise would be stalling out are able to successfully move forward. If you would like more information on the SSBCI 2.0 program please contact Jill Kohles at [email protected].
11) The Great Falls International Airport Board approved moving ahead with a $900,000 front canopy rehabilitation project; see The Electric.
12) We recently purchased a large portion of the land in the Great Falls AgriTech Park. This land is some of the only shovel-ready industrial acreage with rail access in the Great Falls area. Just this week our AgriTech Park garnered interest from a successful energy company as well as an advanced manufacturing company. If you or your company are considering an expansion or relocation to Great Falls please contact Jake Clark, [email protected].
13) Our Resource Director will give a 30-min presentation “Developing Relationships for Successful Grants” on November 22 at 10 AM for the Great Falls Area Chamber Nonprofit Alliance. The Chamber welcomes any nonprofit staff or board member to be a guest, so they need not be Chamber members to attend. Please pre-register HERE.
14) Joined Montana Department of Commerce leaders at the Council of Development Finance Agencies annual conference in Denver to discuss latest news on State Small Business Credit Initiative and C-PACE financing. Met with potential sources of new loan capital.
15) We are a member of the Grant Professionals Association and sent our Resource Director to its annual conference in Louisville. We strive to continually improve our professional knowledge and skills in grant research, proposal development, and post-award grant management. The result is building capacity for programs that directly benefit our clients
16) We invest in our team so they can better support businesses across the region. Jolene completed an Entrepreneurial and Small Business Development Strategies on her way to her Entrepreneurship Development Professional Certification. We can only give you the best if we learn the best practices to share!
17) The GFDA Board of Directors has endorsed the Cascade County Public Safety Levy and encourage voters to support the measure. Visit WeStandSafe.com for more info. A few more hours left to vote!
18) 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.
19) Our goal is to make a positive difference in a community and in people’s lives. Our team of INVESTORS share that same goal. By supporting GFDA, they are helping us achieve that so we can continue to work toward our mission. Recent investments include: Pacesetter Division—GPD Consulting Engineers and Transystems, LLC; Community Division—Great Falls Voyagers and K&K Trucking. These and other investors are true champions of economic development and growth in the region! If you want to support our communities’ growth, contact Investment Director Jenn Gallmeier at 406-781-9499 or [email protected].
Thanks!
Brett
Brett Doney
President & CEO
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"To know what you know and what you do not know, that is true knowledge."
Confucious
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