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GFDA Top 14 8-17

 

Here's the GFDA Top 14 for this week, celebrating great things happening to move Great Falls Forward! 
 
1) The Great Falls Clinic broke ground on its new 19-bed state-of-the-art hospital! The $31.2 million 60,000 square foot facility will provide inpatient, surgical and emergency services.
2) Total wages in the Great Falls metro area (Cascade County) increased 3.78% in the 1st Quarter of 2014 compared to the 1st Quarter of 2013, according to MT Department of Labor ES-202/QCEW Employment and Earnings data. Average weekly wages increased 2.76%.
3) GFDA closed a $3,000,000 bridge loan to Great Falls Apartments LLC for construction of the 216-unit $23 million Talus apartment project being developed by The Farran Group. We sold a $250,000 loan participation to NeighborWorks Great Falls and a $750,000 participation to the MidWest Minnesota CDC. Stockman Bank is the primary construction lender. This is an important project in addressing the need for high quality, affordable rental housing in the city.
4) The Front Brewing Company shipped its first canned beers from its new brewery in downtown Great Falls! We're proud to have assisted in financing the brewery. Check out their great beers and innovative can designs at your local store, and if they don't carry The Front's beers yet, ask why not!
5) Provided a draft purchase agreement to a prospect company that's looking to purchase lots 3 and 4 in the Great Falls AgriTech Park. Worked with the Governor's Office of Economic Development to provide information on potential sites and incentives to an international agri-processing company searching for a location to expand into. Continued working with a heavy industrial prospect by providing more detailed information on wide/high load transportation routes from Great Falls to the Canadian border.
6) Began developing a relationship with an established Great Falls area manufacturing company to develop strategies for growth while maintaing a solid business foundation. Provided feedback to local business owners to help improve their plan to seek equity investors in a new project.
7) Helped a prospective business buyer to determine debt service ability, and potential structures for financing based on current uses of funds and equity requirements that may be possible based on the asking price. Worked with a client on navigating federal regulations for a new federal contract the business was awarded and assisted the company to set up a federal payment system account.
8) GFDA won a grant award of $200,000 in additional Brownfield loan funds from the Environmental Protection Agency. We were the only organization in Montana to win an award this year. We'll put the funds to work supporting new redevelopment projects. For more info on how our Brownfield program can help redevelop contaminated commercial properties throughout Cascade County, contact Lillian Sunwall at LSunwall@GFdevelopment.org or 1-406-750-1253.
9) The U.S. Small Business Administration awarded permanent CDC status to High Plains Financial, our SBA 504 lending affiliate. We offer low interest, low equity SBA 504 loans statewide. To learn how we can put this tool to work for your next acquisition, expansion or new location, contact Jennifer Rogers at JRogers@GFdevelopment.org or 1-406-350-1204.
10) Hosted Courtney McKee of Headframe Spirits in Butte for our second CEO Forum. Courtney provided attendees great insight as to how Headframe Spirits uses social media to tell the story of the business, the owners and the community to bring people closer to the brand. Courtney also shared exciting future plans for expansion of their operations. If you have a CEO you'd like to recommend for a future CEO Forum to spark new ideas and inspire Great Falls area business owners and managers, please share your ideas with Rebecca Engum at 1-406-771-9032 or REngum@GFdevelopment.org
11) We signed up to exhibit and network with agricultural leaders and businesses at the Montana Farmers Union annual convention in Great Falls in October.
12) Watch for a new exciting web site that will be launched soon to help boost Great Falls! We secured the url ChooseGreatFalls.com for use by one of our amazing local partners.
13) Put together the draft plan for hosting the Montana Economic Developers Association conference in Great Falls next May. Stay tuned for more details.
14) The regional Main Street Montana Forum is this Tuesday at Great Falls College MSU. Registration is required and lunch is provided. Visit www.MainStreetMontanaProject.com
 
Congratulations to the Bullhook Community Health Center on the grand opening celebration of its new Center in Havre and to all involved in making this important project possible!
 
Shout outs to Jon Boutilier of Stockman Bank and Sheila Rice of NeighborWorks Great Falls for help on putting together our bridge loan for construction of the Talus apartment complex!
 

Have a great week and Untame your entrepreneurial spirit!

 

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300 Central Ave. Suite 406
Great Falls, MT 59401
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PO Box 949
Great Falls, MT 59403
TAOTI WEB DESIGNING AND MARKETING