Lloydminster tops $3B in retail spending in 2025, mayor says

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At the same time, Aalbers pointed to continued economic momentum in Lloydminster, including growth in local business activity and the arrival of Costco.

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The city issued 1,941 business licences in 2025, up from 1,845 in 2023.

“The steady growth signals confidence in our local economy,” Aalbers said.

“As we look at the retail spend of 2025, we see the primary trading area for approximately 150 kilometers zone west of our city helps generate approximately 2.46 billion in the local economy.” 

“Our secondary trading area, which is more of the east of the city, generates about $749 million. With that in perspective, that means that 2025, our total trading area retail spending is just over $3 billion.”

He said the city plans to conduct another point-in-time homeless count in October and recently completed a housing needs assessment intended to support future funding applications and partnerships.

The city’s warming shelter has also operated for two consecutive winters during periods of extreme cold, Aalbers said. The shelter operated for 28 nights during its first winter and another 28 nights this past season.

Aalbers said Lloydminster continues to support organizations, including Olive Tree programs that help residents secure stable housing.

The mayor also highlighted several infrastructure and development priorities, including downtown revitalization work planned along 50th Street this summer and renewed discussions with potential commercial air carriers after the province’s regional airport concept did not receive funding in the 2026 budget.

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cjnbnews@pattisonmedia.com