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Top 10 for the week of April 20th

1) Worked with several local businesses on potential expansion projects.
2) Put together an incentive package for an agri-processing company considering Great Falls.
3) Participated in the Big Sky Carbon Sequestration Partnership annual meeting in Great Falls to explore opportunities for local contractors and businesses.
4) Underwrote two SBA 504 loans for the purchase of existing businesses.
5) Submitted a revised annexation agreement draft to the City for the Great Falls AgriTech Park.
6) Worked with a local business which is looking at growth options in their product line through multiple distribution channels.
7) Worked with a business seeking a state training grant for sales, marketing, management and operations training.
8) GFDA Board Chair John Koppelman announced members of the Board Nominating Committee: Bob Butcher of US Bank, Jerry Hood of Edward Jones Investment Advisers, Gene McAllister of the University of Great Falls and Scott Patera of Northwestern Energy.
9) Back on January 20th, I gave you partial stats on our gap financing efforts and results. We've now compiled a complete history. Our lending efforts fill the gap between what our bank partners can lend and available equity for business start-ups, expansions and attractions, brownfield clean-ups and commercial real estate development. To date, we have closed or committed 77 loans totaling $27,283,576, leveraging private investment of $107,961,157, retaining 472 jobs and creating 1,630 jobs. Our total loan write-offs to date are less than $27,000. We have commercial loan officers on our loan committees to insure that we only fill gaps that our bank partners cannot.
10) Overcoming the national recession and the loss of the 564th Missile Squadron, Great Falls metro area businesses created 1,256 net new jobs from July 2007 through September 2011 with an average wage rate of $31,563 and total annual payroll of $39,643,128.

 

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