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GFDA Top 10 For The Week

Here is the GFDA Top 10 for this week:
 
1) GFDA Loan Committee approved a $222,500 low interest loan participation to assist a Great Falls business in partnership with Stockman Bank.
2) Lincoln Properties sold the first 3 residential condominiums in the historic downtown Montana Building. Two more condos are completed and ready for sale.
3) Downtown Action Alliance met and discussed plans to create a new Downtown Tax Increment Financing District to support implementation of the Downtown Master Plan.
4) The Geotechnical Report was completed for the Great Falls AgriTech Park and HUD approved publication of the Environmental Assessment for extension of municipal water and sewer to serve the Park.
5) Unemployment rate for Great Falls metro are dropped to 6.2% in October from 6.3% in September. We're in the middle between the Billings metro area at 5.2% and the Missoula metro area at 7.2%
6) GFDA Chair John Koppelman, Wells Fargo, appointed a Nominations Committee to put forth a slate of GFDA private investors to fill the new Board seats. Committee members include Bill Bronson, William O. Bronson PLLC, Gene McAllister, University of Great Falls, and Scott Patera, Northwestern Energy.
7) We are pleased to announce the hiring of our new Business Strategist, Kirk Hindoien of Belt. Kirk is a retired USAF Chief Master Sergeant and was an owner and manager of the Black Diamond Supper Club in Belt.
8) Looking to the far future, USAF Air Staff asked RAND to look at what the Air Force could do with the current ICBM Minuteman III missiles after 2030. RAND stated at the Air Force Association's Global Warfare Symposium that it advised the Air Staff that incremental modernization and sustainment of silos would be the most cost-effective basing option and "relatively inexpensive."
9) Interest in oil and gas exploration in the Great Falls trade area continues to increase. According to an article published in the Helena Independent Record and spread widely by AP, Mike Marrandino, President of Primary Petroleum, estimated that in the past few years between $100 and $200 million has been invested in acquiring leases and conducting exploratory drilling.
10) Not to be outdone by the success of Great Falls retailers this holiday shopping weekend, GFDA announces special low interest loan deals for the next two Downtown Great Falls real estate renovations or new construction. We also have continued limited availability of low interest loan participations and hazardous materials (including asbestos and lead paint) clean-up loans. Contact your bank or GFDA for more information. Let's keep the momentum going!
 
Thanksgiving Day has past, but every day is a great opportunity to give thanks for our Great Falls community. Thank you to the businesses and institutions who have invested in expansions and start-ups this year, the developers who have invested in renovations and new construction, and the community leaders and volunteers who have invested in our future. Personally, I'm also thankful for the talented and caring Great Falls medical community and my family for getting me through a tough year, the fun and hardworking GFDA staff, and our wonderful GFDA and HPF Directors, investors and partners!

 

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Physical Address
300 Central Ave. Suite 406
Great Falls, MT 59401
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