City tops CFIB list

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October 23, 2014 9:31 AM

Mayor Rob Saunders said there are numerous factors in why Lloydminster topped the CFIB's list of best cities for entrepreneurs to start businesses. - Christopher W. Brown

Group said many factors resulted in decision

Lloydminster entrepreneurs have many resources to use when starting businesses in the Border City, according to Mayor Rob Saunders.

Saunders is boasting about the city being the top city for entrepreneurs in Canada, according to the Canadian Federation of Independent Businesses (CFIB).

The CFIB released its annual report, naming Lloydminster the best city for entrepreneurs in its population category.

“There are multiple factors that determine a city’s entrepreneurial potential – from the drive of its residents to external factors, such as property tax and investments in infrastructure,” said Ted Mallett, CFIB vice-president and chief economist. “This year, some of the top scores go to resource-rich regions of Canada – not only because of the resources they have, but also because being entrepreneurial has always been a deep-seated part of the psyche and culture of these areas.”

Saunders was pleased with the announcement and said that the city has, in the last few years, fostered a great relationship with business organizations like the Lloydminster Chamber of Commerce, the Regional Business Accelerator, and the Lloydminster Regional Economic Development Corp.

“We are trying to project the fact that we are open for business, and we have numerous (entities) that help us do that,” he said.

Saunders said that having Lakeland College in the city limits gives assistance to helping the city promote itself as open for business.

Saunders said businesses in the Border City can take advantage of the great policies that the city has because of its border city status.

We have a strong network of business friendly entities that promote entrepreneurs in the city limits.”

“We regularly have people from across the country come to Lloydminster to take advantage of the growing economy that we have here in the city.”

Saunders said that he believes people are hearing more and more about Lloydminster as time goes on.

“We are, of course, a regional service centre in the midwest part of the country. We are at the centre of the two of the hottest economies in the country, (Saskatchewan and Alberta),” he said.

“(Being where we are) people are wanting to know more about the city and know more about what economic advantages that the city can offer their start-up business.”

Saunders said the city isn’t creating the growth by themselves.

“Thanks to policies provincially and municipally, we have some pretty strong industries here in the province.”

Saunders said that when he describes Lloydminster to others, he uses the line “We are anchored by agriculture, fueled by oil and gas and we are supported by education, city and financial institutions.”

According to the report despite the millions of influences that impact community growth, nothing would happen if it weren’t for individuals making entrepreneurial decisions to hire, invest or innovate. The more of those people in a community, the stronger the growth that follows.

“Our cities were created by entrepreneurs,” said Mallett. “They were the ones who took that first chance on a place, saw the potential and decided to make their livelihoods. While each city has its own story of development and growth, one thing they all have in common is the entrepreneurial spirit that built them.”

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