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GFDA 3rd Quarter 2015 Index

3rd Quarter 2015 Index

 

Great Falls metro area per capita income growth in 2014:  4.2%

Great Falls income growth rank amongst all 381 U.S. metro areas:  79th

Ranking amongst Montana's 7 largest counties:  1st

Great Falls metro personal income growth projected by Moody's for this year:  4.7%

For 2016:  5.7%

For 2017:  5.9%

Great Falls metro GDP growth in 2014:  2.3%

Growth forecasted by Moody's for 2016:  4.6%

Growth in annual average weekly wages in Great Falls metro in 2015 Q2:  5.1%

Increase in annual property tax revenue Great Falls and Cascade County expect to receive this year due to increased private sector investment: $1,422,535

Prospect visits to Great Falls hosted this quarter:  4

Number of local businesses coached during quarter:  59

Number of coaching sessions:  239

Number of business training sessions offered during quarter:  10

Number of business participants:  114

Consecutive years of passenger growth at Great Falls International Airport:  6

Increase in passenger traffic at GTF in last 6 years:  24%

Average ticket price drop in 2014:  17%

Number of new parking spaces opened by GTF:  341

Total of GFDA gap and bridge financing loans closed during quarter:  $1,644,000

Additional loans approved:  $1,815,000

New loan capital secured in 2015:  $1,567,587

Early loan pay-offs this quarter:  3

SBA 504 loan 20 year fixed interest rate in July, including all fees:  4.778%

10-year fixed rate:  4.176%

Equity required on SBA 504 loan deals:  as low as 10%

Number of rooms/suites in Great Fall's first upscale boutique Hotel Arvon:  33

Downtown renovation and construction permits issued during quarter:  20

Total value of permits issued:  $6,586,751

Permits issued since creation of Downtown Development Partnership in 2012:  163

Total value of permits issued: $26,113,280

Downtown Great Falls volunteer hours during quarter:  9,318

Number of volunteer hours since Downtown Partnership created:  94,405

Number of new downtown businesses opened since Partnership created:  56

Number of these businesses still going strong:  45

Forecasted increase in Montana canola production this year:  58%

Growth in Durum wheat seeding acres:  41%

Increase in barley production:  50,000 acres

Number of new and increased investors in Forward Great Falls effort:  13

Square footage of Great Falls Public School facilities: 1.9 million

Great Falls population inside a public school on any given school day:  20%

Ranking of existing workforce skills in Site Selectors' Most Important Location Criteria:  1st

Ryan Dam anniversary:  100 years

Montana Farmers Union anniversary:  100 years

Heavy industrial rail-served acres available for immediate construction

in Great Falls AgriTech Park:  31.5

Acres in AgriTech Park already sold to local and international companies:  111.5

Acres sold this quarter:  34.5

Montana's current wind electricity production capacity:  645 MW

Estimated potential capacity by 2050:  30 GW

Private capital investment potential:  $50 billion

Montana ranking for lowest industrial electricity rates:  2nd

Coast of labor ranking:  3rd

Montana ranking for percentage of telecommuters:  1st

Percentage of workforce telecommuting full time:  7.1%

Montana's Best State Business Tax Climate ranking:  6th

U.S. Chamber Foundation ranking of Montana for Innovation:  6th

For Business Climate:  10th

Percentage of employees in U.S. considering a new job according to Gallup poll:  51%

Percent of respondents who strongly agreed with top reason for considering or taking a new job, "It allows me to do what I do best."  60%

Percent who strongly agreed with second top reason, "It significantly increases my income."  41%

Number of migrating Golden Eagles counted this fall in Big Belt Mountains outside Great Falls:  2,630

Number counted in just one day:  329

Number of different locally made beers on tap in Cascade County:  36

 

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