During this time of extreme economic challenge related to COVID-19, the ECA will do our best to keep businesses informed and updated through our “COVID-19 Information Page”.
This page contains recent news announcements, links and information to support businesses & business leaders.
Effective immediately, the City of Edmonton is now accepting development bonds for all new servicing agreements for the 2020 construction season. This will allow developers another option for security, as the City previously only accepted irrevocable letters of credit issued by a bank, or cash security.To apply for a development bond for your new servicing agreement, please:
Existing Servicing Agreements:The COVID-19 situation presents an unpredictable and unique scenario and the City is working hard to find ways to help businesses and developers navigate this challenging situation. The City is exploring options for allowing letters of credit for existing servicing agreements to be converted to development bonds and will provide further information when it is available. We hope that this will help provide some economic support and make it easier to do business in Edmonton during this difficult time.The information provided above is current as of April 7, 2020. All is subject to change given the evolving COVID-19 situation. We will keep you informed of any further changes as they occur.If you have any questions, please contact the development engineer for your file directly or email email@example.com.