Being part of Canada’s two strongest provincial economies does offer great opportunity for business and lifestyle in Lloydminster.
- Ranked #2 Canadian Entrepreneurial City by the Canadian Federation of Independent Business
- 47.6% of Lloydminster population is under 30 years of age.
- Exempt from Saskatchewan’s Provincial Sales Tax (PST)
- Lloydminster is currently experiencing a development boom; Construction values in 2011 = $180,400,00.00 which is a 38% increase from the previous year. It was the largest construction value recorded in the history of the City of Lloydminster. In a matter of 3 years (2006-2011), Lloydminster has seen a 74.9% increase in construction value numbers.
- Located half way between Saskatoon and Edmonton on the TransCanada Yellowhead Highway
- The domestic Centre of Husky Energy’s Canadian operations, including:
- Lloydminster Heavy Oil Upgrader (82,000 barrels per day)
- Asphalt Refinery (28,000 barrels per day)
- Ethanol Plant (130 million litres per year)
Quick Facts
| Statistics | |
|---|---|
| City Population | 27,840 |
| Population growth since 2002 | 32.5% |
| Population within commuting distance (1 hour) | 165,000 |
| Average lease rate, Office ($/square foot) | $11 |
| Average rate, Retail ($/square foot) | $25 |
| Cost of serviced industrial land ($/acre) | $200,000 |
| Median Household income ($) | $107,132 |
| Property tax for business (mill rate) | 11.903 |
| Business Tax | No business tax |
| Wait time for development permits (days) | 2 weeks for Commercial; 2-3 days for residential |
| Largest employer (with number of employees) | Husky Energy with 800 employees |
| Distance from city center to nearest airport | 8.8kms |
| Construction values in 2011 (approx.) | $180,400,000 |
* Table: Figures from April 2012