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GFDA Quarter Index 2024Q2
Size of Berkshire Hathaway Energy Montana new solar project: 100MW
Number of solar panels project will install: 200,000
Size of project’s battery storage system: 50 MW
Green energy available from Berkshire Hathaway Energy Montana’s Montana Alberta Tie Line by 2027: over 500 MW
Size of solar system being installed by Twin Peaks Assisted Living Facility: 74 kW
Number of medical residents in Benefis Health System’s new 3-year residency program: 30
Number of amazing female entrepreneurs recognized with GFDA 2024 Fire Within Awards: 31
Speed of Ziply Fiber broadband network in Great Falls: 50 gig
Number of Great Falls locations fiber network will be able to serve: 10,000
Construction contract awarded for Malmstrom AFB Weapons Storage & Maintenance Facility: $377 million
Local economic impact generated by Cascade County population growth over the last five years: $88 million
Local economic impact that would be generated by continued population growth over the next decade at same rate as last five years: $241 million
Number of houses built by students through Great Falls Public Schools and NeighborWorks Great Falls partnership: 46
Number of new homes needed to meet Great Falls area market demand every year for the next decade: 630
Number of unique job postings in Great Falls area active in last 30 days: 4,877
Cost of living in Great Falls MSA in 2023: 86.8% of national average
Great Falls rank in Kiplinger’s Cheapest U.S. Cities to Live In: 16th
Number of GFDA 2024 Ally Award winners: 15
Specific strategic actions in GFDA’s 2024-2026 Economic Development Strategy: 60
GFDA gap and bridge loans closed during quarter: $1,400,000
Additional investment leveraged by these loans: $1,379,880
Additional GFDA gap and bridge loans approved during quarter: $1,672,000
Loan participations with Montana SSBCI program during quarter: $810,000
SBA 504 loans closed during quarter: $599,000
Additional investment leverage by these loans: $674,000
Additional SBA 504 loans approved during quarter: $4,963,750
New loan capital secured during quarter: $530,000
Increase in GFDA outstanding loan portfolio in last four fiscal years: 207%
Outstanding GFDA gap and bridge loans as of 6/30/24: $26,286,230
Increase in GFDA’s loan capital in last four fiscal years: 199%
GFDA goal for additional loan capital to secure to meet anticipated demand: $8 million
Companies and entrepreneurs we provided services to during quarter: 438
Total activities with these companies we recorded during quarter: 2,323
Total active client projects worked on during quarter: 94
New client projects we started work on during quarter: 40
Entrepreneurs and small business clients advised during quarter: 125
New small business advising clients during quarter: 45
Rural clients advised during quarter: 42: 8
New capital secured by entrepreneur advising clients: $2,544,000
Entrepreneur and small business trainings during quarter: 3
Number of training participants: 21
Government contracting clients advised during quarter: 70
New government contracting clients advised during quarter: 39
Government contracting advising sessions during quarter: 195
Active government contracting clients at end of quarter: 191
Government contracts won by clients: $4,826,704
Government contracting trainings during quarter: 3
Number of training participants: 53
Brownfields property assessments provided during quarter (Phase 1 and/or Phase 2): 4
Most visited Montana State Park: Giant Springs in Great Falls
Annual number of visitors: 584,810
Best States for Physicians according to Wallet Hub: Montana
Montana rank of Best States for Nurses: 4th
Foreign-born share of U.S. workforce: 19.2%
Immigrant workers legally in U.S.: 32 million
Estimate of immigrant works illegally in U.S.: 10 million
Estimate of new industrial robots to be installed in 2024 across globe: 600,000
In the United States: 40,000
In China: 300,000
Estimated shrinkage of China’s workforce by 2050: 20%
Square miles of solar panels that would be needed to power entire U.S.: 22,000
Share of solar electricity worldwide generated in China: 33%
For info contact Jolene Schalper at JSchalper@GrowGreatFalls.org or 1-406-750-4481
Download PDF of Quarter Index
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