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Top 16 for 7-21-2013

1) We wrapped up our exhibit and networking with agri-processing companies at the Institute of Food Technologists annual meeting and food expo. While on the road, met at the corporate headquarters of a company considering opening a back office operations center in Great Falls.

2) Worked on a proposal for a major agri-processing operation site competition. Scheduled a prospect visit later in the summer for a technology company through one of our great investors!
3) Coached a local entrepreneur looking at starting a new business in Great Falls; worked on enhancements to the business plan to strengthen financing likelihood. Coached an existing business about ways to improve time management and reorganize financials to gain better information for decision-making. Discussed heavy industrial sites with a local firm looking at expansion options. Worked with several companies on potential SBA 504 and brownfield clean-up financing for proposed projects.
4) CHS broke ground on its new 42,000 ton fertilizer plant outside Shelby along with the City of Shelby, Toole County and the Port Authority of Northern Montana. Congratulations to all involved! When the Hi-Line does well, Great Falls does well!
5) We won $300,000 in supplemental Brownfield revolving loan fund capital from the Environmental Protection Agency. If you are trying to redevelop a commercial property that has hazardous materials (including lead paint or asbestos), contact Lillian Sunwall at 771-9024 or LSunwall@GFdevelopment.org
6) Our North Industrial Task Force is meeting this Tuesday, July 23rd at 10:00 AM in the 2nd floor Boardroom of the downtown US Bank Building, 300 Central Avenue in Great Falls. Presenters include Dave Hand, the new MDT Great Falls Regional Director, and the City's consultant on the new Transportation Plan. The Task Force is open to anyone interested in supporting industrial development in the north industrial area of Great Falls. Contact Lillian Sunwall for more information at 771-9024 or LSunwall@GFdevelopment.org
7) Our Small Business Development Center is launching Start-Up Spark, weekly briefings for entrepreneurs thinking about starting a new business. Talk about what it takes to start a business, including market, operations and financials. Attendees get a free Business Start-up Kit. The first Start-Up Spark will be at GFDA's office this Wednesday, July 24th, at Noon (downtown US Bank Building 300 Central Avenue, 4th floor). For more info or to arrange to connect electronically, contact Rebecca Engum at 781-6832 or REngum@GFdevelopment.org
8) Another of our GFDA loan clients was able to secure 100% bank financing and paid off our gap financing loan this week! Our goal is for every gap financing client to reach 100% bankability in 3-5 years. If you have gap or bridge financing needs beyond what your bank can do, contact Tamariel Christopher at 771-9026 or TChristopher@GFdevelopment.org
9) With the US and Canadian economies showing signs of sustained growth, we've ramped up our business recruitment efforts. This week we booked exhibit space for next spring at two agri-processing shows, American Oil Chemists' Society (AOCS) Annual Meeting & Expo and Joint World Congress with the Japan Oil Chemists' Society in May in San Antonio, and back at the Institute of Food Technologists (IFT) Annual Meeting & Food Expo in June in New Orleans. On the energy side, we booked the Global Petroleum Show in Calgary next June. If your company could benefit from coordinating marketing efforts with us at any of these shows, contact Jolene Bach at 750-4481 or JBach@GFdevelopment.org
10) We became corporate members of AACC, the leading cereal grain agri-processing trade organization.
11) GFDA is moderating The Future of Wind Energy Development in Montana discussion this Tuesday, July 23rd, 5:30 PM at Great Falls College MSU in room B101. The event is open to all who have an interest.
12) The Great Falls AdClub is bringing in another great speaker. Marlene Chism, author of Stop Workplace Drama, will speak in Great Falls on Wednesday, August 14th at 1:30 PM at the Holiday Inn. Tickets $45 or table of 8 for $340; register at 761-6453.
13) Great Falls is featured in the July/August issue of The Leader, the magazine of CoreNet Global, the world's largest corporate real estate trade organization. GFDA will be networking with companies and site selectors at the CoreNet Global Summit in Las Vegas in October.
14) Montana is already #1 in entrepreneurship per capita, according to the Kaufman Institute, but we stll need more young entrepreneurs. The state received a big boost in this direction this week with the announcement that the Blackstone Charitable Foundation has committed $2 million to bring its LaunchPad program to MSU and UM. The effort supports students to become entrepreneurs. Now, we need to convince more of our young entrepreneurs to come back home to Great Falls!
15) GFDA investors and partners will gather on August 7th to hear a special presentation by Jerry Jendusa, founder and CEO of EMTEQ at our Annual Meeting, 11:30 AM at the Hilton Garden Inn. We'll also be announcing new initiatives to grow and diversify the Great Falls regional economy. Lunch is $20; register with Jolene Bach at 750-4481 or JBach@GFdevelopment.org
16) Interest rates are climbing soon. An SBA 504 loan is a great way to lock in a low rate for 20 years AND reduce the equity required to only 10-15% to purchase, renovate or build a commercial property or buy long-term equipment! SBA finances up to 40% of the project in second position behind your bank which finances 50%. SBA 504 loans can now be up to $5 million for commercial properties and $5.5 million for manufacturing facilities. Contact Jeremiah Johnson at 750-3285 or JJohnson @GFdevelopment.org


Congratulations to Big Sky Bread and Pastry and the Habitat for Humanity Restore for opening new locations downtown! Kudos to the downtown BID and the artists who created the new underpass mural!

Congratulations to AE2S Engineers for winning a GIS award from ESRI!

Congratulations to US Bank on its 150th anniversary!

Congratulations to Vanessa Bucklin on the grand opening of Pondera County Insurance in Conrad!

Congratulations to the Great Falls Turf Club and Cascade County for bringing horse racing back to town!

Untame your entrepreneurial spirit!

 

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