2023-2025 GFDA Economic Development Strategy

We employ a continuous strategic planning process focused on producing results that positively impact our region. Our public/private investors determine our strategic priorities through our elected and appointed Board of Directors. Download our 2023-2025 Economic Development Strategy.

The long-term goals of this strategic plan address the three decades-long weaknesses of the Great Falls regional economy, low wage structure, overdependence on two primary sector industries, and lack of economic growth.

Mission

Grow diverse economic opportunities that enhance quality of life.

We seek to transform Great Falls, Montana and the surrounding rural and tribal region into a thriving economy that raises the standard of living, particularly for underserved populations and economically distressed areas, and creates greater economic opportunity for people, entrepreneurs, and businesses.

Vision for Great Falls Regional Community

The Great Falls Region will be a proud, positive, and vibrant community, which welcomes new people, new investments, and innovative opportunities while celebrating its authentic and diverse Montana culture. Our community will be a safe and inclusive place to raise families and will offer opportunities for individual growth and a quality of life, which retains and grows our population.

Vision for Great Falls Development Alliance

Great Falls Development Alliance will be a change agent, catalyst, and facilitator in the Great Falls region, fostering collaboration and partnerships to support diverse economic opportunities, innovation, and growth. Our economic development organization will be a high performing leader in attracting new investment and talent. Our work providing access to capital, consulting, training and resources for entrepreneurs, businesses, developers, and nonprofits will transform Great Falls and the surrounding 13-county trade area into a thriving regional economy that enhances the standard of living for our people.

Market Assessment

This economic development strategy was developed using information gleaned from a deep dive market assessment over the last two years. GFDA has issued the following assessment reports:

GFDA Community SWOT

Barber Business Advisors

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Organization SWOT

Barber Business Advisors

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Transportation Logistics

Barber Business Advisors

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Defense Industry Assessment

Barber Business Advisors

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Impact of COVD-19 on Great Falls Industries

Chmura Economics

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Target Industry Analysis

Barber Business Advisors

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2022 Bioscience Economic Development Strategy

Tripp Umbach

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2021 Childcare Demand Assessment

Camion Associates

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2021 Housing Market Demand Assessment

The Concord Group

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Economic Impact of COVID-19 on the Great Falls Montana MSA

Chmura Economics

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Curious to see how these projects pencil out?For each of the vision projects we have project analysis that includes Project Descriptions, Cash Flow Projections, and Rent Roll Summaries.