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GFDA Quarterly Investor Letter
November 8, 2018 /
Friends!
It’s been too long since my last quarterly investor letter back in June. Since then, we closed out our 16th fiscal year, made plans for FY2019, started new projects, secured more resources to put to work, and added three new team members.
The Great Falls Economy is Growing
In the 16 years since GFDA’s creation, total wages in the Great Falls MSA (Cascade County) have grown at twice the rate of inflation, 80% vs. 40%. In the last four quarters that we have data for (through 2018Q2), the total wage growth over and above inflation we’ve experienced in the last 16 years was worth $311 million in additional annual wage earnings.
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