Great Falls Economic Development Quarter Index 2019 Q3

3rd Quarter 2019 Index

Great Falls rank amongst all U.S. cities in Top Cities Where Americans Start the Most Businesses:  23rd
Great Falls rank amongst cities under 150,000 population:  9th

Record number of businesses in City of Great Falls with covered employees at end of 2018Q4:  2,875

Buffalo Crossing anticipated investment:  $18 million
Love’s Travel Stop anticipated investment:  $12 million

Great Falls MSA average annual wage increase 2018Q2-2019Q2:  5.3%
Montana increase:  4.4%
National increase:  3.6%

Great Falls MSA average annual wage increase over past 5 years:  20%
Increase in total wage earnings in Great Falls MSA over previous 4 quarters:  $5.14%
Total increase in wages earned:  $78 million

New project leads into GFDA pipeline during quarter:  24
New companies into GFDA pipeline during quarter:  22
New active projects:  21
Business retention and expansion outreach visits during quarter:  11

Amount Great Falls GTF air travelers have saved over the 7 years since launch of Low-Cost Airfare Initiative:  $32 million

Number of $1,000 Montana Access Scholarships being granted by Great Falls College MSU:  158

GFDA out-of-state business development trips in FY 2019:  18

New jobs supported just from 1,000 person increase in Cascade County population:  170
New households created by 1,000-person increase in Cascade County population:  412

U.S. workers who say they are somewhat or extremely likely to relocate for a new job in the next five years:  46%
College-educated people age 25-34 who say they choose the city in which to live before looking for a job:  64%
People who reported that their impression of a community was formed by internet research:  62%

Downtown building permits issued during 2019Q2:  16
New downtown businesses opened during 2019Q2:  3
Downtown volunteer hours donated:  10,854

Number of local entrepreneurs and businesses coached by GFDA during quarter:  243
Of these, number of new coaching clients:  36
Number of local entrepreneurs and businesses coached by GFDA during FY 2019:  224
Number of business training sessions offered during quarter:  10
Number of training participants:  59
Number of business training sessions offered during FY 2019:  40
Number of training participants:  434
Professional webinars hosted by GFDA recorded and available online to entrepreneurs:  23
Number of businesses started or bought by coached clients during quarter:  2
New capital secured by entrepreneur clients during quarter:  $120,000

Amount of loans closed during quarter:  $80,558
Amount of additional loan fundings during quarter:  $465,344
Loan commitments issued during quarter:  $320,558
Number of gap and bridge loans closed during FY 2019:  16
Amount of loans closed during FY 2019:  $6,413,751
Private investment leveraged by these loans:  $15,896,915

Brownfield redevelopment assessments provided for free during quarter:  6
Brownfield redevelopment assessments provided for free in FY 2019:  8

U.S. nonprofits that have earned GuideStar Gold Seal of Transparency in 2019 as GFDA did during quarter:  5%

Percent of Montana GDP in 2017 that resident and tourist outdoor recreational activities accounted for:  5.1%

Number of certified Community Development Financial Institutions (CDFI’s) in country:  1,083
Number of certified CDFI’s in Montana:  13

Square miles in the 7 counties covered by GFDA’s Small Business Development Center:  17,711
Number of states with smaller square miles:  9
Square miles of New Jersey, Connecticut, Delaware and DC combined:  16,823

Number of small business advisers GFDA now has to cover the area:  2.5
Number we had for many years:  1

Montana State Fund workers comp dividend issued in 2019:  $30 million
Dividends issued to policyholders since 1999:  $286 million

Professionals worldwide on LinkedIn:  590 million

Average cost of 1GB of mobile data in U.S. in November 2018:  $12.37

Average cost in India:  $0.26

In Zimbabwe:  $75.20