New workforce apartment developments announced during quarter: 755 units New affordable senior apartments in Carter Commons project: 24 units Blackfeet Nation and Confederated Salish and Kootenai Tribes broadband grant won during quarter: $74.8 million Number of species of produce and herbs produced by new Ever Westward organic farm: 50+ Number of impressions Great Falls Tourism’s paid media placements generated in 2022: 27 million Impressions Great Falls tourism’s owned media efforts generated: 5 million Local business partners in new Great Falls College MSU CDL training program: 15 Gross Domestic Product (GDP) growth in Great Falls MSA in 2021: 10.3% 2021 GDP in Great Falls MSA (Cascade County): $3,976,509,000 2021 increase in personal income in Great Falls MSA: 6.5% Total personal income growth in Great Falls MSA in 2021: $279 million Increase in per capital personal income in Great Falls MSA in 2021: 6.3% Dollar amount of per capital personal income increase in 2021: $3,189 Growth in employment in 12 months ending 2022Q3: 3.1% Biggest industry employment growth: Construction 19% Number of online job postings for Great Falls MSA at end 2022Q3: 2,763 Estimated new labor demand to fill jobs in Great Falls MSA in 2023: 4,274 Projected employment growth in Great Falls MSA by 2025: 3,580 Projected growth in annual wage earnings by 2025: $212 million Annual total retail sales projected growth: $158 million Increase in average annual wage in Great Falls MSA in 12 months ending 2022Q3: 7.9% Average annual wage growth in 12 months ending 2022Q3: $3,647 Average annual wage in 2022Q3: $49,728 Growth in total wages in Great Falls MSA earned in 12 months ending 2022Q2: 10.2% Dollar amount of annual total wage growth Great Falls MSA in 12 months ending 2022Q2: $192 million Cost of living in Great Falls in 2022 compared to national average: 87.4% Salt Lake City cost of living in 2022: 108.3% Bozeman cost of living in 2022: 122.1% Additional acres GFDA purchased during quarter for Great Falls AgriTech Park: 28 Total new companies added to our CRM during quarter: 180 Companies we actively engaged with during quarter: 488 Target activity this quarter (companies and developers we have targeted to try to attract into Great Falls trade area): 68 New leads generated this quarter (companies and developers with planned investments that are considering Great Falls trade area): 42 New projects generated this quarter (investments in Great Falls trade area planned by companies and developers): 25 Site selection consultants networked with face-to-face during quarter: 18 Business Pitch events we hosted across region during quarter: 4 Entrepreneurs, future entrepreneurs, and businesses in Great Falls trade area advised by GFDA during quarter: 121 Of these, number of new advising clients: 44 Entrepreneur and business training sessions offered during quarter: 8 Number of training participants: 62 Number of businesses active with our Procurement Technical Assistance Center during quarter: 175 Amount of government contracts won by clients during quarter: $7,105,477 GFDA gap and bridge loans closed during quarter: $282,500 Additional private investment leveraged by GFDA loans: $363,560 GFDA gap and bridge loans approved during quarter: $2,190,835 Additional private investment to be leveraged: $5,275,549 Loan participations submitted to state for approval: $1,229,249 Additional private investment to be leveraged: $2,672,762 Current SBA 504 fixed 25-year effective loan interest rate with 10% down: 6.31% Current 10-year equipment effective fixed rate: 6.433% Free Brownfield assessments completed during quarter: 2 Downtown Great Falls businesses opened during quarter: 4 Montana net migration rate in FY 2021: 19.2% In FY 2022: 16% Share of Montana in-migrants working from home in 2020-2021: 22% Nonresident travel spending in Montana in 2021: $5.15 billion Nonresident travel spending in central Montana region in 2021: $621 million Bioscience industry jobs in United States: 1.6 million Average bioscience salary: $107,000 Montana bioscience job growth from 2015-2020: 30% Number of biotech jobs in Montana: 3,200 Number of biotech jobs in Utah: 34,000 For info contact Jolene Schalper at [email protected] or 1-406-750-4481 PDF of GFDA 2022Q4 Index |