GFDA Top 12 12/5/2016
GFDA Top 12
Here's the GFDA Top 12 for last week, celebrating great things happening to move Great Falls Forward. Welcome winter sports!
1) Private industry average annual earnings in the Great Falls metro area (Cascade County) increases ranked 63rd amongst all 387 U.S. metro areas according to an analysis by Syneva Economics for the 12 months ending this October.
2) This week we pitched the Great Falls trade area to agricultural and food processing companies at events across the state. Met with pulse crop producers and processors at MT Pulse Day. Over 400 people attended and exhibited. Curious about pulse crops? Visit pulsepledge.org. Montana Grain Growers held their annual convention in Great Falls this week as well. We were able to meet with several prospects. Montana Agriculture week ended with the MT Organics conference in Kalispell. Our goal at these events is to connect with companies and individuals who will make capital investments in the Golden Triangle. We need more processors and value added Ag entrepreneurs.
3) Continued cost documentation and financial projections with an existing business planning an expansion into new space. Reviewed monthly financials, new revenue, and advertising strategies with a recent startup. Met with an established, award-winning business owner to begin work on a new startup. Began work with two entrepreneurs planning to transition from part-time to full-time self-employment. Did you know? The Great Falls Small Business Development Center offers free one-on-one counseling in every facet of business to help start and grow. Contact Jason Nitschke at JNitschke@GFdevelopment.org
4) Congratulations to Brett and Tammy Berryman, new owners of the ServiceMaster franchises in Great Falls, Helena and Butte. The purchase includes the real estate on River Drive North. The Berryman's utilized GFDA's free small business coaching services to analyze the company's financials, strategize and prepare a loan package. They took over operations on November 23rd.
5) The Downtown Development Partnership voted unanimously to recommend three uses of downtown tax increment financing funds to the City Commission. The projects include grant match for a downtown and city-wide wayfinding signage plan, grant match for a household labor survey, and funding DDP operations for the fiscal year.
6) Participated in a meeting of state legislators from the region and community leaders to discuss local priorities for the upcoming Montana legislative session. GFDA will focus on protecting key economic development programs that we use to support the creation of higher wage, primary sector jobs.
7) Published our GFDA Index for 3rd Quarter of 2016.
8) Would you like to stop leasing and buy or construct a new building for your business? We offer financing that helps small businesses purchase their own real estate with as little as 10% down and 20 year fixed interest rates currently at 4.62%. Do you own a rural business or are you looking to purchase a rural business and need business financing? We offer loans to rural businesses that help bridge the gap between your financial needs and what a bank is willing to lend. If you would like to find out if you qualify for either of these programs or if you have any questions about how GFDA can help make your projects happen, please contact Mike Archer atMArcher@GFdevelopment.org
9) The Montana State Chamber released statewide survey results that show 69% of Montanans support capping the Coal Tax Trust Fund at $1 billion and using the excess to rebuild infrastructure. By a 48-28% margin, Montana voters believe a two-year degree, technical program or certificate better prepares students for the workforce than a four-year undergrad degree. Another 11% say both are equally beneficial, 2% say neither and 10% are undecided.
10) For years, GFDA has complained to our Congressional delegation and the Bonneville Power Administration that transmission rates charged to move electricity on a portion of the Colstrip transmission line unfairly double-charges Montana energy producers. This has inhibited the potential for more wind development in our region. Lo and behold, the Montana Environmental Information Center and the Sierra Club agree. They have filed to intervene in BPA rate setting to try to do away with the Montana Intertie pancake charges.
11) Please join me in congratulating GFDA team member Jill Kuntz on being promoted to Loan Originations Manager. I am also pleased to announce that Julie Barney will be joining us as our first Loan Portfolio Manager on January 3rd. Julie brings great experience from US Bank, Prairie Mountain Bank, and Erck Hotels.
12) Thank you to James Talcott Construction for stepping up from GFDA investor Leadership Division to Advance Division, and to already Advance Division investor, US Bank, for increasing its investment by $1,000. If you're not on the Forward Great Falls Team yet, give Jolene a call at 406.750.4481.
Untame Your Entrepreneurial Spirit in Great Falls, Montana!
President and CEO
Connect with me on LinkedIn to network with the Great Falls region.
"Whenever an individual or a business decides that success has been attained, progress stops."
Thank you to the Great Falls Area Chamber of Commerce for providing space for the downtown Business Improvement District and Downtown Great Falls Association!
Cost-Effective Industrial Sites Available
If your company needs a rail-served, shovel-ready site with all municipal services at your door, we have lots available for immediate construction in the Great Falls AgriTech Park. Contact Brett Doney at 1-406-750-2119 or