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GFDA Top Ten Predictions 2016

Here's the GFDA Top 10 Predictions for the year 2016, celebrating great things happening to move Great Falls Forward.

 

1) The Great Falls economy will continue to grow in 2016, producing higher personal income, new career opportunities and a stronger tax base. Moody's projects the gross metro to grow by 4.6%, the highest since 2003, personal income to grow 5.7%, the highest since 2007, and employment to grow by 2.1%, the highest since 2006.

2) Industrial growth and diversification will continue at a strong pace with three companies, perhaps more, building facilities in the new Great Falls AgriTech Park. Several local industrial companies will announce expansions. Calumet Montana Refining will complete its refinery expansion.

3) Major riverfront and downtown projects will be announced and start construction. The downtown streetscape improvement project will be constructed. GFDA's new brownfield assessment program will spur new redevelopment projects.

4) Tourism will expand with new hotels starting construction as the new Tourism Alliance launches new marketing initiatives.

5) The East End Retail Center will start construction, spurring more redevelopment projects along 10th Avenue South. Personal income growth will spur new retail and dining experiences.

6) Local entrepreneurship will continue to expand with a number of new ventures in the works.

7) Energy production will see a regional boost as several projects move forward.

8) Workforce housing production will continue to grow with the completion of several multi-family projects and the start of new yet-to-be-announced projects.

9) The community will make some big decisions about the future of public school facilities, the fairgrounds, and economic competitiveness.

10) GFDA will launch new digital initiatives, conduct a number of targeted business investment missions, and produce more agri-processing business cases.

 

All in all, 2016 is shaping up to be possibly the best year Great Falls has experienced in a long time. Let's get to work to make it happen!

 

We're here to help you succeed in 2016. We would love to meet with you to discuss your business start-up or expansion, or real estate development plans for the new year. Contact me or any of our team members. Let's make 2016 an amazing year for Great Falls and the entire Golden Triangle!



Untame your entrepreneurial spirit!



Brett



 

 

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