Great Falls Economic Development Quarter Index 2019 Q1

1st Quarter 2019 Index
Great Falls rank in Livability.com’s Best Places to Live:  Top 100!
Growth in Great Falls metro area labor force from February 2018 to 2019:  598
Growth in employment from February 2018 to 2019:  617
Business proprietor income increase in Cascade County in 2017:  118%
Rank amongst the 7 Montana urban counties:  1st
Size of new missile maintenance dispatch facility to be constructed at MAFB:  43,500 SF
Number of people attending the 2019 Home and Garden Show 14,000
Number of GFDA out of state business development trips during quarter:  5
Great Falls hotel room demand increase in 2018:  3.6%
Downtown building permits issued during 2018Q4:  12
Total of permits:  $783,300
Elevation of new downtown Great Falls public house Elevation 3300:  3,333
Number of local entrepreneurs and businesses coached by GFDA during quarter:  117
Of these, number of new coaching clients:  41
Number of business training sessions offered during quarter:  10
Number of training participants:  128
Number of businesses started or bought by coached clients during quarter:  1
Jobs supported by our Small Business Development Center this quarter:  220
Local companies assisted by our Small Business Development Center in 2018:  175
Number of new businesses clients started:  19
Number of training participants:  320
Jobs supported:  500+
Annual growth rate of Small Business Development Center clients nationwide:  18.1%
New capital secured by entrepreneur clients during quarter:  $1,321,972
Loans closed and funded during quarter:  $2,149,000
Private investment leveraged by these loans:  $4,519,476
Loans commitments issued this quarter:  $741,000
Expected private investment to be leveraged by these loans:  $1,664,402
Number of new Great Falls assisted living beds announced by BeeHive Homes this quarter:  36
Local income generated during Construction of 100 single family homes:  $23,554,200
Local jobs supported during construction of 100 single family homes:  363
Local income on-going from 100 single family homes:  $3,542,800
Local jobs supported on-going from 100 single family homes:  71
Percent of population that is women according to the U.S. Census:  50.6%
Percent of labor force that is women according to U.S. Census:  58%
Percent of women in non-traditional careers according to the U.S. Department of Labor:  less than 25%
Number of women at Great Jobs for Great Falls Women in Non-traditional Careers event:  50
Number of local opportunities for women in carpentry, welding, fitting, machinery operators, and the like:  >1,000
Percent of all U.S. businesses owned by women according to SBA:  36%
Percent of businesses with employees owned by women according to SBA:  20%
Number of people celebrating female entrepreneurs at our annual The Fire Within event sponsored by Embark FCU:  200+
Date of the tenth annual The Fire Within event:  3.26.20
Montana’s rank in Gallup annual Wellbeing Index:  4th
Montana’s rank for lowest tax burden by 24/7 Wall Street: 13th
Average drop in Montana workers comp loss costs this July: 17.2%
Global average of Gen Z and Millennials who say, “I am addicted to social media.”  39%
Percent that agree with, “I would rather lose my ability to smell than give up my device.”  25%
Predicted losses to U.S. GDP by 2025 if infrastructure is not addressed:  $3.9 trillion
Estimated lost business sales by 2025:  $7 trillion
Estimated American jobs to be lost by 2025 due to infrastructure deficiencies:  2.5 million
Corporate executives who say availability of skilled labor is the top consideration in choosing expansion locations:  90.5%
Who say quality of life is a key location factor in choosing expansion locations:  82.8%
Site selection consultants who say availability of skilled labor is the top consideration in choosing expansion locations:  100%
Iowa’s goal for workforce with education or training beyond high school by 2025:  70%
Montana rank for lowest population with less than 9thgrade education:  1st
Montana workforce with “some college” but without degree or certificate:  23.4%
Gallup estimate of U.S. workers who don’t know what is expected of them:  50%
U.S. workers that are remote workers according to U.S. Census Bureau: 5.2%
Range of remote workers in U.S. top 100 metro areas:  2.1 – 9.1%
U.S. companies that now have remote workers:  63%
U.S. companies that use freelancers:  48%
Number of remote workers this amounts to:  8.2 million
Number we have attracted and can attract to Great Falls region: Unknown
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