2020 Q3 Index

3rd Quarter 2020 Index

Great Falls rank for best city in West to live in after pandemic:  10th

Great Falls rank amongst Montana cities for budget-friendliness for renters:  2nd

Great Falls rank in Most Affordable Metro Area in West:  7th

Number of new riverfront apartments planned in The Station downtown:  110

Additional new apartments in works for 2021 construction:  282

Size of Citizens Alliance Bank building under construction in West Bank Landing:  18,000 SF

Size of HUB International’s new office building planned for Broadwater Bay:  10,000 SF

Great Falls’ ranking in Montana for fit lifestyles: 10th

Great Falls rank for lowest residential total utility bill rates in Montana:  2nd

Amount of DOD grant won by City of Great Falls for new aquatic recreation center:  $10 million

New downtown Great Falls businesses opened during quarter:  5

Downtown announcements during quarter:  6

Active downtown projects at end of quarter:  20

Downtown businesses seeking expansion at end of quarter:  8

New murals added downtown during 2020 ArtsFest Montana:  11

Number of local entrepreneurs and businesses coached by GFDA during quarter:  168

Of these, number of new coaching clients:  65

Number of business training sessions offered during quarter:  11

Number of training participants:  96

Number of businesses bought or started by coached clients during quarter:  4

New capital secured by entrepreneur clients during quarter:  $628,971

Government contracts won by clients during quarter:  $731,820

Jobs supported by our Small Business Development Center during quarter:  589

Number of businesses active with our Procurement Technical Assistance Center during quarter:  112

Amount of loans funded during quarter:  $915,837

Private investment leveraged by these loans:  $2,066,758

Increase in GFDA loan capital in last three years:  $6 million

Free Brownfield assessments provided:  2

Most recent SBA 504 effective loan rate fixed for 20 years:  2.553%

New leads generated into our pipeline during quarter: 35

New active projects generated into our pipeline: 46

New companies added to our pipeline CRM: 128

Informational emails: 22

Doing Business in the Golden Triangle and announcement videos: 11

Great Falls commercial building permits issued during quarter:  50

Great Falls commercial building permit value:  $29,838,963

Number of businesses added to GFDA business attraction target list during quarter:  411

Number of AgriTech Park Loopnet visitors to our page:  729,496

Consecutive fiscal years GFDA has eked out positive net income:  10

Number of Great Falls Livability magazines shared with local recruiters:  760

Number of total followers of Live in Great Falls social media accounts:  4,992

Young Americans willing to relocate to less-populated cities:  69%

Increase in average annual wages in Great Falls MSA during 2020Q2 pandemic (most recent quarter for which data is available):  $392

Increase in average annual wages in Great Falls MSA in five years ending in 2020Q2:  $6,369

Cares Act Grants disbursed in the Golden


Montana rank for best business tax climate:  5th

Montana rank for best business legal climate:  7th

Montana State Fund workers comp dividends to businesses in 2020:  $20 million

Dividends returned over past five years:  $165 million

Percent of global businesses who say they have experienced economic disruption:  70%

Percent that plan to invest this year in digital transformation:  70%

Percent that have experienced supply chain disruptions:  50%+

Top three priorities of global businesses in reacting to COVID-19:

Workforce protection 90%

Maintaining business continuity 67%

Workforce morale 49%

US DOE estimate of new wind energy to be added across country in next decade:  110 GW

Size of Montana’s biggest pizza at The Messy Apron in Cut Bank:  22”

USAF contract awarded to Northrup Grumman to design a new intercontinental ballistic missile system:  $13.3 billion

Goldman Sachs projection of savings in U.S. economy if every American wore a mask:  $1 trillion


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


Brett Doney at BDoney@GrowGreatFalls.org
or 1-406-750-2119