The base of central Montana's economy is shifting away from
natural resource to service industries. That doesn't mean the
majority of us will have to make a living serving burgers to
tourists, however.
"Don't be upset about it. This is what is happening and what you
have to work with," Dr. Larry Swanson told about 230 people who
showed up Tuesday afternoon for the Great Falls Economic Summit.
During the past decade in Cascade County, health care services
grew by $30 million. In contrast, net farm income dropped by $14
million.
The challenge now is to come up with ways to build off those
trends instead of looking back at the way things used to be, said
Swanson, the associate director for regional economics for the
Center for the Rocky Mountain West in Missoula.
And Great Falls is off to a solid start.
"Great Falls has a plan that is well grounded, and that's not
always the case," Swanson said. "There is a good foundation here."
Local officials were ready with a list of evidence.
The Great Falls Development Authority saw recruiting efforts pay
off during the 2003-2004 season with six companies — Biolife Plasma,
First Horizon, International Malting Co., Shel-Bar, a new technology
arm of Precision Lift, and Centene Corp. — announcing plans to set
up shop locally.
The companies will bring 620 jobs, $8.4 million a year in
payrolls and invest almost $76 million in facilities.
Each serves out-of-the-area customers, which means the money
brought in is new to the local economy.
Benefis Healthcare and the Great Falls Clinic are expanding.
Explore! The Big Sky, a national signature event for the Lewis
and Clark Bicentennial celebration set for June 1 through July 4, is
expected to attract 80,000 visitors to the area who will spend $12
million.
Malmstrom Air Force Base's merits are being lobbied in
Washington, D.C., during the current BRAC process, which will trim
about 20 percent of the military's bases.
Those kinds of planned efforts can help redirect negative trends
in central Montana's economy, such as a dwindling population base,
Swanson said.
One factor keeping Cascade County's growth rate relatively flat
is the dependence of the local economy on agriculture, he said.
"There's a lot of instability in agriculture, but you can grow
beyond that so the pull of ag is reduced," Swanson said.
For instance, manufacturing that adds value to agricultural
products keeps the industry profitable in other areas of the United
States. Those areas are located near cities, Swanson said.
Recruiting additional value-added agricultural business to Great
Falls is another item presented on the laundry list of on-going
economic development activities.
The summit was organized to provide insight about trends in the
local economy and an update on efforts to steer the area's economic
future.
Great Falls City Manager John Lawton said the summit really was a
progress report on the local economy — one that's been presented
several times at different venues in recent years.
But this time, more people showed up to listen.
"There are a lot of faces here I don't recognize. That shows me
that the belief that it is possible to change our economy is
catching on with more people," he said.
Sharon Gerhart was a first-timer.
"I have four grown children; one works as a nurse in Great Falls,
and the other three live out of state," she said. "Two would like to
come back."
Forde Nursery owner Bruce Forde is a new Great Falls Development
Authority board member. Tuesday was the first time he's attended a
formal presentation on the condition of the local economy.
"There is a lot of excitement in economic development now and
that's paying dividends with people's attitudes about the economy
improving," Forde said.
Reach Black at (406) 791-6502 or by e-mail at jdblack@greatfal.gannett.com.
Originally published December 22, 2004