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GFDA Quarter Index 2023Q4


Number of rapid training programs Great Falls College created during quarter:  4

Business speed of TDS fiber network being constructed in Great Falls:  10GB

Per capita personal income growth in Cascade County in 2022:  4.2%

National per capital income growth in 2022:  1.6%

Consecutive years the 341st Missile Wing of Malmstrom AFB has won the Blanchard Trophy for Best Overall Missile Wing:  5

Total wage earnings increase in Cascade County (Great Falls MSA) in four quarters ending 2023Q2:  10.1% or $188 million

Increase in average annual wage in Cascade County in four quarters ending 2023Q2:  7.8% or $3,807 per year

Increase statewide during same period: 6.4%

Increase nationwide during same period:  4.4%

Cost of living in Great Falls MSA in 2023Q3:  85.5% of national average

Great Falls MSA housing cost:  65.2% of national average

Bozeman cost of living:  120.6% of national average

Bozeman housing cost:  147.4% of national average

GFDA gap and bridge loans closed during quarter:  $8,050,000

Additional private investment leveraged by these loans:  $38,255,210

More gap and bridge loans approved by GFDA during quarter:  $300,000

Additional private investment that will be leveraged by these loans:  $14,800,000

SBA 504 loan  closed during quarter:  $147,000

Additional private investment leveraged:  $210,000

Prospect visits we hosted during quarter:  5

Business attraction events we traveled to during quarter:  4

Number of unique companies we served during quarter:  528

Total activities with companies we recorded during quarter:  2,374

New client projects we started work on during quarter:  41

Total active client projects during quarter:  151

New project leads generated during quarter:  45

Entrepreneurs and small business clients advised during quarter:  90

New SBDC advising clients during quarter:  38

Small business advising hours during quarter:  248

New capital secured by entrepreneur advising clients:  $375,000

Entrepreneur and small business trainings during quarter:  3

Government contracting clients advised during quarter:  43

New government contracting clients advised during quarter:  21

Government contracting advising sessions during quarter:  143

Active government contracting clients at end of quarter:  155

Government contracting trainings during quarter:  1

Government contracts won by clients:  $4,486,000

Brownfields assessments provided during quarter:  1

Business attractions we celebrated in our Top 10s in calendar year 2023:  12

Number of prospect visits to Great Falls region we hosted in 2023: 16

Business expansions we celebrated in our Top 10s in 2023:  29

Business startups we celebrated in our Top 10s in 2023:  49

Business acquisitions we celebrated in our Top 10s in 2023:  5

Gap and bridge loans GFDA made in 2023:  $13,822,920

Total investment in region made possible by these loans:  $63,469,699

Number of unique companies GFDA served in 2023:  1,208

Number of client projects we worked on in 2023:  229

Number of these that were new projects:  78

Number of activities we recorded with clients in 2023:  9,065

Percent of our client activities involving local business expansions:  65%

Percent of our client activities involving local business startups:  27%

Percent of our client activities involving business attractions:  8%

Number of companies added to our CRM in 2023:  596

Competitive grants we won in 2023, leveraging our local investor dollars:  $7,353,262

Loans we secured for GFDA in 2023:  $975,260

Additional capital we obtained in 2023 to use for loans in region:  $2,252,624

Total resources we secured in 2023 to put to work in Great Falls region:  $10,581,510

US Government prime contracts to women-owned small business in FY22:  $28.1 billion

Dollar amount of goods and service crossing U.S.-Canada border every day:  $3.25 billion

Average interest rate small businesses were paying for loans in November:  9.1%

Projected U.S. agricultural trade deficit for FY2024:  $27.5 billion

Percent of farmers and ranchers in U.S. populations:  2%

Number of people annually fed by one U.S. farmer:  166

Pounds of red meat commercially produced in Montana in 2021:  34.4 million

Increase in number of Montana farming operations 2020-2022:  200

For info contact Jolene Schalper at or 1-406-750-4481

Download Quarter Index as PDF

Our Mission

Grow diverse economic opportunities that enhance quality of life.

GFDA is a certified Community Development Financial Institution and a 501(c)3 charitable organization. High Plains Financial is a certified Community Development Corporation that offers SBA 504 loans statewide. GFDA and High Plains Financial are Equal Opportunity Employers, Lenders and Providers.

GFDA is proud to host a Montana Small Business Development Center, a Montana APEX Accelerator, and a Montana Food & Ag Development Center. GFDA is a certified Montana MicroBusiness Development Corporation.

GFDA was the first economic development organization in the Rocky Mountain West to earn accreditation from the International Economic Development Council.

For more info, click to our website.

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