Thursday, May 19, 2022
MERIDIANSOURCE.CA
VOLUME 4 I ISSUE 47
Gap study focuses Lloyd outlook GEOFF LEE
WRITER
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! S E K I B T H FLIG Taylor Weaver Meridian Source
Jesse Royan and Brendan McKee come flying over the Widow Maker at the Lucas Bachman Memorial Raceway on Sunday morning in their first race of the season. The two have been friends since they were both new riders, and most recently, they both returned from winter training in the States to keep their skills sharp when the snow flies back home. See the full story on Page 5.
The economy of Lloydminster is on the rebound with a new retail and commercial gap analysis under way in the city to help spur future growth in those sectors. That was the message presented to developers, real estate agents and construction workers during an economic development update breakfast hosted by the city at the Servus Sports Centre on Tuesday morning. “Based on the numbers we have, we’re really excited about 2022 and 2023,” said the city’s economic development officer, Katlin Ducherer. City data show business licences have risen to 1,885 year-to-date compared to 1,753 in 2021, and hotel occupancy climbed to 43.7 per cent in the first quarter versus 26.7 a year ago. Ducherer attributes the increase to the return of sports tournaments and industrial
turnarounds. About 37 per cent of current business licences are issued to home-based businesses. “I think Lloydminster in many ways has proven very resilient and based on our business licences and entrepreneurial spirit— some very positive growth for Lloydminster obviously with a number of challenges,” said Ducherer. Speaker Christine Tucker, chief financial officer of Synergy Credit Union, put the local economy in context, noting Lloydminster’s rebound is part of a Conference Board of Canada projection for GDP growth of 5.5 per cent in 2022 in Saskatchewan and 5.9 per cent in Alberta. Lloydminster Mayor Gerald Aalbers also sees a lot of blue sky economic growth, citing a huge uptick in oil and gas activity and a rise in agriculture in the city and surrounding area as good signs. CONTINUED ON PAGE 2