Great Falls Economic Development Quarter Index 2019 Q2

2nd Quarter 2019 Index

 

  • Rank of average annual pay growth from 2013-2017 in Great Falls MSA amongst all 370 U.S. MSA’s:  11th
  • Consecutive quarters that average wages in Great Falls MSA have increased:  21
  • Growth in “Admin and Support” jobs in Great Falls MSA from 2018Q1 to 2019Q1 driven by FCR’s hiring downtown:  7.4%
  • Great Falls ranking for lowest taxes per capita amongst Montana cities:  2nd
  • Great Falls ranking as Best U.S. Small City for Business:  36th
  • Increase in hotel room demand in Great Falls over past 12 months:  5%
  • Increase in guests arriving by air:  4%
  • Size of Big Sky Cheese plant proposed in Cascade County:  20,000 square feet
  • Job multiplier for cheese manufacturing in county according to JobsEQ:  3.34
  • Projected total job creation from just 5 new cheese manufacturing jobs:  17
  • Projected sales/output in county from 5 such jobs:  $4 million
  • Further ripple job creation through increased ag production:  7
  • Number of GFDA out of state business development trips during quarter:  7
  • Downtown building permits issued during 2019Q1:  13
  • Total of permits:  $5,108,627
  • Downtown volunteer hours donated:  7,827
  • Number of local entrepreneurs and businesses coached by GFDA during quarter:  126
  • Of these, number of new coaching clients:  55
  • Number of business training sessions offered during quarter:  16
  • Number of training participants:  209
  • Number of businesses started or bought by coached clients during quarter:  1
  • New capital secured by entrepreneur clients during quarter:  $235,211
  • Percent of Montana businesses that are small:  98%
  • Faster growth experienced by businesses that plan and track against their plan:  30%
  • Sample business plans available through LivePlan tool offered by GFDA:  500+
  • Number of free business data and strategy tools offered by GFDA:  7
  • Government contracts won by clients during quarter:  $404,348
  • Number of gap and bridge loans closed during quarter:  9
  • Amount of loans closed during quarter:  $4,612,751
  • Private investment leveraged by these loans:  $11,351,060
  • Loan commitments issued during quarter:  $80,558
  • Montana business tax climate ranking by Business Facilities:  5th
  • Total domestic and international traveler spending in U.S. in 2018:  $1.1 trillion
  • Number of U.S. jobs supported by tourism:  15.7 million
  • Number of visitors to Montana in 2018:  12.4 million
  • Out-of-State visitor contribution to state economy:  $3.8 billion
  • Percent of food service jobs most susceptible to automation:  81%
  • Percent of administrative jobs:  60%
  • U.S. adults who say good customer service increases the likelihood that they will spend more money than they had planned:  73%
  • Consumers who say their expectations of customer service are considerably higher now than three years ago:  50%
  • E-commerce share of retail market in 2018:  14.3%
  • Retail store closures in U.S. in 2018:  5,864
  • Number of store openings:  3,239
  • Number of female agricultural producers in Montana:  18,673
  • No-till acres in Montana:  8,050,902
  • Increase in Montana no-till acres since 2012:  17%
  • Number of Montana farms engaging in their own ag processing or manufacturing:  292
  • Miles that a freight train can move one ton of freight on one gallon of fuel:  479
  • Corporate executives who say expedited or “fast-track” permitting is important or very important in deciding where to locate a facility:  64.9%
  • Who say quality of life factors are important or very important:  82.8%
  • Availability of skilled labor:  91.5%
  • Site selection consultants who say shovel-ready/pre-certified sites are important in clients’ site searches:  80%
  • U.S. population that lived in metropolitan or micropolitan areas in 2018 according to the Census:  94.6%
  • Rural residents who live in metropolitan areas:  75%
  • Share of population growth 2010-2018 in areas with 100,000-250,000 residents:  3.8%
  • Share of growth in areas with 50,000-100,000 residents:  0.6%
  • In areas with less than 50,000 residents:  0.0%
  • Number of U.S. metro areas with greater population than Montana in 2018:  53
  • New GFDA Investors in Economic Development in FY 2019:  25

 

THANK YOU!

For info contact Jolene Schalper at JSchalper@GrowGreatFalls.org or 1-406-750-4481 or Brett Doney at BDoney@GrowGreatFalls.org or 1-406-750-2119