Win-Win for City and Industry

The City of Edmonton’s Revolving Industrial Servicing (RIS) Fund has attracted new industrial development to Edmonton.

For the first time, a developer has accessed the City fund. An affiliate of KingSett Capital, represented by Verus Partners, used a $4 million rebate from the fund to help construct Northport Business Park, located at 170 Street and 129 Avenue. The new business park houses businesses ranging from sales, storage, warehouse, office, logistics, servicing and manufacturing, and includes a storm water pond and landscaped areas.

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