Economic Development News
Wednesday, June 13 2018
National cost comparison survey finds food processors can save up to 25% in Great Falls due to proximity to raw materials, low costs and transportation access
Great Falls, MT — The Great Falls Montana Development Authority (GFDA) announced that Great Falls is the least expensive market to operate a food processing plant based on a review of 25 U.S. cities. The study, conducted by The Boyd Company, found that annual operating costs for a 325-person food processing plant in Great Falls are 25% less than the most expensive metro, Boston, MA.
"Our analysis focused on geographically variable cost elements considered to be most pivotal within the corporate site selection process," says John Boyd, Principal, The Boyd Company, a Princeton, NJ-based site selection firm. "Great Falls came out on top because of its low land and construction costs, and its proximity to raw materials including livestock, wheat, nuts and seeds."
Thursday, October 12 2017
Washington, D.C. — U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $30 million to support 35 projects in 15 states under the 2017 Assistance to Coal Communities (ACC 2017) initiative. The funding will assist locally-driven efforts to communities and regions severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development and re-employment opportunities.